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Not-for-Profit

Helping You Focus On Your Mission

Empowering Change: Your Not-for-Profit Accounting Partner

Specialized Accounting & Compliance Solutions for Nonprofits

Not-for-Profit organizations face unique challenges in accounting, compliance, and consulting. From tax filing and financial reporting to internal control reviews and software selection, the complexities require skilled professionals. YHB’s Not-for-Profit Team is adept at navigating these intricate regulatory and accounting matters, offering a comprehensive suite of services to address them effectively.

Years of Experience in Not-for-Profit Excellence

YHB stands out with over 75 years of experience in assisting 501(c) organizations. Our expertise spans various sectors, including education, cultural institutions, foundations, and more. We’re committed to helping nonprofits meet compliance demands, achieve their goals, and contribute positively to community life.


Building Strong, Ongoing Partnerships

Our approach goes beyond transactional interactions. We aim to be your trusted adviser, providing responsive service that surpasses expectations. By maintaining consistent communication throughout the year, we develop a deeper understanding of your organization. This approach allows us to serve you more efficiently, preemptively address potential issues, and explore opportunities to enhance your success.

Comprehensive Services Tailored to Your Needs

Whether your needs encompass assurance, accounting, tax, or consulting, YHB is equipped to leverage our extensive nonprofit experience for your benefit. We invite you to experience the difference our dedicated Not-for-Profit Team can make for your organization.

We think what you do is amazing. That is why YHB has a team of professionals passionate about helping you succeed. 

Experience Performing Audits & Financial Reviews

YHB caters to a diverse clientele, spanning from modest $50,000 asset holders to robust entities with $1.8 billion. Our proficiency extends across the spectrum, making us an ideal partner for organizations of any size, whether managing $20,000 or $180 million in revenue.

As a respected member of the AICPA’s Private Companies Practice Section, YHB undergoes rigorous quality control reviews. Our consistent achievement of the highest rating—’pass with no deficiencies’—is a testament to our commitment to excellence in financial services. Trust YHB for unparalleled expertise regardless of your organization’s scale.

 

 

Streamline Your Nonprofit’s Tax Compliance with Expertise and Insight

Not-for-Profit organizations navigate unique tax obligations. While exempt from income tax for activities aligning with their mission, annual IRS filings are crucial for transparency and maintaining their status. YHB simplifies this process, offering specialized tax services for nonprofits.

Our team, with deep roots in education, religious, and arts sectors, ensures accurate and timely filing of Forms 990, 990PF, and 990T. We also guide through Forms 1023 and 1024 preparation, tackle special tax filings, and evaluate potential Unrelated Business Income Tax scenarios. Stay ahead in compliance with YHB’s tailored tax solutions.

 

Contact us when you need efficient & effective service.

 

Virginia Association of Museums

The Virginia Association of Museums is one of the most active museum service organizations in the country. By being a member, YHB is able to advocate, connect, and support the museum community. YHB prides itself in our commitment to the communities we live and work in. 


Let's Talk

Contact us when it’s time to move forward.

Olivia Hutton
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Olivia Hutton
CPA
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About Olivia

Olivia began her accounting career at YHB in 1998, with a B.S. degree in business (major in accounting) from Bridgewater College and a Certificate in Nonprofit Management, sponsored by the University of Virginia. She is a member of the American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants.

Experience

Olivia focuses on providing financial reporting services to nonprofit organizations, especially private schools, colleges, universities, and foundations. In addition to conducting audits and reviews, she has helped clients prepare Form 990, 990-T and Form 990-PF informational returns. As a member of our Nonprofit and Governmental Services team, Olivia has been named a Super CPA by Virginia Business nonprofit certificatemagazine in the nonprofit/governmental field as well as the “Young CPAs” field.

 

Expertise

Because she specializes in conducting audits for nonprofit organizations, Olivia has a thorough understanding of applicable regulations and audit standards. This expertise enables her to perform audits efficiently and issue accurate financial statements quickly after completing field work. In addition, she is very good at keeping lines of communication open and letting clients know about current developments in the industry and recently issued accounting standards.

 

Approach

For Olivia, the key to efficient service is learning all she can about an organization and its needs. She meets with management to find out whether the nonprofit has endowments, restricted funds or other financial features that require special attention. In conducting an audit, Olivia lets a client know what types of information she will need, documents internal controls and provides a draft financial statement as soon as field work is completed, so the client can review it at the same time a YHB principal does.

Speaking Engagements
  • Form 990 at YHB Annual Not-for-Profit Symposium, Loudoun Chamber Not-for-Profit Academy, Nonprofit Education and Training Workshop, and for other various groups.
    Audit and Tax Update at Richmond Chapter of CPAs and YHB Annual Not-for-Profit Symposium.
    Good Governance at Nonprofit Education and Training Workshop, Virginia Foundation for Community College Education Conference, and Hampshire County Community Foundation
  • New Accounting Standards at the YHB Annual Not-for-Profit Symposium
  • “Top five things to know in managing a Not-for-Profit Organization” at Shenandoah Valley Nonprofit Alliance for Excellence
  • Not-for-Profit Finance Fundamentals at Center for Nonprofit Excellence
  • Finance Management at the Lord Fairfax Community College Academy

 

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What Clients are Saying

 

“Working with Olivia Hutton and Claire Manspile over the past 3 years has been a great experience. They are both very professional, responsive and a joy to work with. Last year was the first virtual audit I have ever done, and it went seamlessly.” – Julie D.

Jeffrey A. Leese
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Jeffrey A. Leese
CPA
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ABOUT JEFF

Jeff graduated with a B.B.A. in Accounting with a concentration in Accounting Information Systems from James Madison University. He has extensive experience providing financial statement audit, review, compilation and accounting services to small and mid-size commercial and not-for-profit entities. Jeff also has significant experience with corporate, partnership, and not-for-profit taxation and his industry experience includes real estate, construction, professional services, charitable organizations, and trade associates.

Jeff is also an active member of the AICPA, VSCPA, and the Northern Chapter of the VSCPA.

Jennifer Files
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About Jennifer

Jennifer joined Yount, Hyde & Barbour in 2003 and holds a B.S. degree in accounting from Robert Morris University. She is a member of numerous organizations within the community, including the American Institute of Certified Public Accountants, the Virginia Society of Certified Public Accountants and is also on the Special Review Committee of the Government Finance Officers Association.

Experience

Throughout her career, she has worked on a variety of audit, tax, and consulting engagements for clients across many industries. She continues to lead our clients Single Audit compliance, Federal Acquisition Regulation (FAR) and governmental audit needs.

Expertise

She enjoys working with clients to identify  efficiencies in their processes, and to help clients defend and protect their bottom line. 

Approach

Every client, every company, every control environment is unique. Jennifer takes the time to thoroughly understand her client’s needs and objectives. The result is a customized solution. No two businesses are alike, and for that reason, no two internal control structures should be either.

 

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What Clients are Saying

 

“Jennifer Files has been involved in leading our audit for several years.  First as the manager and then, most deservedly, after her promotion to partner.  She goes out of her way to be available.  Communicated well and is extremely easy to work with.  Top Shelf.” – Mark M.

Christopher L. Frye
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About Chris

Chris joined Yount, Hyde and Barbour, P.C. in 2004 after graduating from Virginia Tech, where he earned a B.S. degree in accounting. He is a member of multiple committees, including the American Institute of Certified Public Accountants, the Virginia Society of Certified Public Accountants, the Associated Builders and Contractors, the ABC-VA, Management Education Committee, the Associated General Contractors (AGC) and the Construction Industry CPAs/Consultants Association.

Experience

During his time with the firm, Chris has focused his efforts on providing audit, review, compilation and tax services to clients in a variety of industries, including construction, government contracting, real estate and not-for-profit entities. Chris also specializes in assisting clients with strategic performance management, including the implementation of dashboards and overall process improvements.

Expertise

Through continuing education and professional development, Chris stays up-to-date on the trends and changes affecting his clients’ industries and the accounting profession as a whole. He regularly speaks and writes articles on these relevant topics as they arise. In addition to being a licensed CPA, Chris has also earned a CSPM (Certified in Strategic Performance Management) designation through MentorPlus®. This designation allows Chris to provide value to his clients above and beyond tax, audit, and other compliance services.

Approach

Chris strives to take a “client centric” approach, where services are based on the actual needs of the client rather than a specific commodity or deliverable. By taking time to understand the operations of a business and its future goals, Chris is able to provide superior customer service and help clients avoid and plan for potential difficulties, rather than just accurately reporting on them once they occur.

Other Interests

Chris enjoys spending time with his wife and two sons. His hobbies include exercising, strength training and running, as well as following Virginia Tech Athletics. He served as assistant basketball coach at Millbrook High School from 2004 – 2014.

 

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What Clients are Saying

 

Easy to work with.  Professional. Always available.  Trust and value YHB with all aspects of our business.” – Anonymous

“Chris Frye’s trustworthiness, and his knowledge, consistency and professionalism, year in and year out.” – Anonymous

Allison Shrader
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Allison Shrader
CPA
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About Allison

Allison joined YHB in 2015 after earning both her Bachelor of Business Administration in Accounting and Master of Science in Accounting from James Madison University. Allison completed her testing to become a Certified Public Accountant in 2016. During her time at YHB, Allison has focused on providing services to not-for-profits and closely held businesses, providing a range of audit and tax services. 

 

Allison is an active member in the Virginia Society of Certified Public Accountants (VSCPA), American Institute of Certified Public Accountants (AICPA) and the Top of Virginia Chamber of Commerce.

Andy Boyles
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ABOUT ANDY

Andy graduated with a Bachelor’s degree in Accounting in May 1999 from James Madison University.  He has worked in public accounting his entire career at firms serving the Washington DC and Richmond metropolitan areas.  His experience includes working with closely held businesses and organizations in a variety of industries including real estate and construction, transportation, nonprofit, and manufacturing.  His experiences in these industries include working with businesses of all sizes in both the assurance and tax fields.  He also has an in-depth understanding auditing employee benefit plans.

Andy has presented on topics including Computer Assisted Audit Techniques for the annual “Virginia Society of CPA’s Audit and Accounting Conference” and been a guest speaker for several construction industry associations presenting on topics including understanding construction contractor financial statements and fraud issues for construction contractors.

Andy has been honored in Virginia Business as a Super CPA in the Young CPAs category.  He currently serves on the Executive Committee and is Treasurer of the nonprofit organization Rebuilding Together Richmond.  He is a member of both the Associated Builders and Contractors Virginia Chapter and the Associated General Contractors of Virginia and currently is on the membership committee and young leader’s council for these organizations.

EDUCATION
  • Bachelor’s degree in Accounting in 1999 from James Madison University
Brad Tomlinson
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Brad Tomlinson
CPA
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About Brad

Brad joined YHB in 2021 with several years of audit experience in public accounting. He graduated from Roanoke College in 2017 with a Bachelor’s Degree in Business Administration with a concentration in accounting and finance. 

Expertise

During his time at YHB, Brad has focused on providing audit services to a variety of industries including not-for-profit and governmental clients.

Memberships and Other Interests

Brad is an active member in the Virginia Society of Certified Public Accountants (VSCPA) and American Institute of Certified Public Accountants (AICPA). 

Andrea Montali
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About Andrea

Andrea is a Pennsylvania State University graduate who joined the firm in December 2017 with several years of experience in public accounting. Her main responsibilities include outside controller services for several nonprofit organizations as well as financial statement preparation, tax preparation, and other accounting services. 

Andrea works mostly with the nonprofit sector and specialized in non-profit accounting. She is a member of both the Maryland Association of Certified Public Accountants and the American Institute of Certified Public Accountants.

Danielle Kerns
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Danielle Kerns
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About Danielle

Danielle joined YHB in 2016 after earning her Bachelor of Business Administration in Accounting from James Madison University. 

Expertise

During her career at YHB, her focus has been on nonprofit organizations such as private schools, colleges, foundations, religious organizations, museums, trade associations and other nonprofit entities. Her service to those organizations include financial statement audit, review, compilation and accounting services as well as tax services. 

Other Interests & Awards

Danielle helps with YHB’s Externship and Internship programs and assists with new staff trainings and bootcamps. She is also an active member in the Top of Virginia Regional Chamber of Commerce.

Danielle also received the Firm’s “ELITE” (Exceptional Leadership in Trust and Excellence) Trusted Advisor Award in 2021. 

Claire Manspile
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Claire Manspile
CPA
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About Claire

Claire graduated from West Virginia University with a Bachelor’s of Science degree in Accounting in 2009 and a Master of Professional Accountancy in 2010. She became a licensed CPA in 2012. Prior to joining YHB, Claire was an Audit Supervisor with Ernst & Young, LLP in Pittsburgh, Pennsylvania. She joined YHB in 2013. Her career focus has been in the audit of nonprofit and governmental organizations. Recent presentations include “Best Practices for Boards and Staff” at an event sponsored by Loudoun County Chamber of Commerce.

Education
  • Bachelor’s of Science in Accounting  from West Virginia University in 2009
  • Master of Professional Accountancy from West Virginia University in 2010