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Tax Preparation for Nonprofit Organizations

Grow Confidently

We make tax compliance less taxing

Nonprofits are normally not subject to tax on income derived from activities carried on as part of their exempt purpose. Nevertheless, most non-profits are required to file an annual information return with the IRS to provide transparency regarding the organization’s activities. The purpose of this filing is to prevent abuse of not-for-profit status and provide donors with information about the organization’s financial status and operations.

YHB offers a full range of tax form preparation, filing and advisory services for nonprofit organizations. Our extensive experience in working with schools, colleges, universities, churches, associations, arts organizations, foundations, and other tax-exempt entities enables us to efficiently and cost-effectively prepare required forms and assist with related issues. Our active participation in national and state CPA societies ensures that we are fully familiar with the latest IRS reporting requirements for nonprofit organizations.

We would welcome the opportunity to help your organization with these and other tax-related services:

  • Preparation of Forms 990, 990PF or 990T
  • Assistance in preparation of Forms 1023 and 1024
  • Special tax filings
  • Review of possible Unrelated Business Income Tax (UBIT) activities
Let's Talk

Contact us when it’s time to move forward.

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). 

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. 

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.

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.

Markisha Baker
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Markisha Baker
MBA
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ABOUT MARKISHA

As a member of YHB’s Client Accounting & Advisory Services (CAAS) team, Markisha specializes in helping non-profit organizations manage their finances with clarity and confidence. She understands that every organization has unique needs, which is why she takes the time to learn about their operations, challenges, and goals before offering tailored solutions. Her approach is built on clear communication, proactive planning, and adaptability, ensuring clients have the financial insights they need to make informed decisions.

Markisha earned a Bachelor of Science in Accounting from North Carolina Agricultural & Technical State University and an MBA with a concentration in Management from Strayer University. She has extensive experience working with non-profits, government entities, and private B2B organizations. As a Certified QuickBooks ProAdvisor, she also helps organizations streamline their accounting processes and improve financial efficiency.

Beyond her professional work, Markisha is committed to mentorship and community involvement. She actively participates in Big Brother Big Sister and the NC A&T Mentor Collective, where she supports and empowers future professionals.

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.

Sarah Nelson
 
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ABOUT SARAH

Sarah earned her Bachelor of Science degree in accounting from UNC Asheville in 2010 and later obtained her master’s degree in accounting from Western Carolina University in 2012. She launched her career in public accounting that same year, specializing in providing audit, review, and attestation services to clients across various industries and ensuring the accuracy, transparency, and integrity of financial statements while helping clients navigate complex reporting requirements.   

As a licensed CPA in North Carolina since 2015, Sarah is also an active member of the American Institute of Certified Public Accountants and the North Carolina Association of Certified Public Accountants. 

EXPERTISE & APPROACH

Sarah has extensive experience in assurance services for construction companies, government contractors, employee benefit plans, and not-for-profit organizations. She is committed to delivering exceptional service by combining technical expertise with a personalized approach.  

Whether providing actionable insights to strengthen internal controls and enhance operational efficiency, optimizing financial reporting, or supporting clients through various types of assurance engagements, Sarah strives to tailor every service to the unique needs of each client. 

OTHER INTERESTS

When she’s not working, Sarah enjoys spending quality time with her husband and two sons. She is passionate about running and loves attending live sporting events and concerts. 

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.

Claire Manspile
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Claire Manspile
CPA
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ABOUT CLAIRE

Claire graduated from West Virginia University, earning a Bachelor’s of Science degree in Accounting in 2009 and a Master of Professional Accountancy in 2010. Her academic achievements laid a strong foundation for her professional journey. Claire became a licensed CPA in 2012, further solidifying her expertise in accounting and auditing.

Before joining YHB in 2013, Claire gained valuable experience as an Audit Supervisor with Ernst & Young, LLP in Pittsburgh, Pennsylvania. During her tenure at Ernst & Young, she honed her skills in auditing. This experience equipped her with a deep understanding of the unique challenges and opportunities within the practice.

At YHB, Claire has continued to build on her assurance expertise, extending her focus to include audits for wealth management firms. Her ability to navigate the complexities of both not-for-profit and wealth management assurance services has made her an invaluable asset to YHB. Claire’s comprehensive approach ensures that her clients receive the highest level of service and expertise.

In addition to her technical skills, Claire is a recognized thought leader within the industry. She is a regular speaker at YHB’s not-for-profit symposium and webinars, where she shares her insights and knowledge with a broader audience. Her presentations are well regarded, offering practical advice and best practices that benefit both boards and staff of not-for-profit organizations. Recently, she presented “Mastering the Statement of Functional Expenses: Overcoming Common Challenges” at YHB’s Annual Not-for-Profit symposium, further demonstrating her commitment to advancing the field.

Claire is also deeply committed to giving back to the community. She is active in volunteering with the United Way of the Eastern Panhandle, where she dedicates her time and expertise to support various community initiatives. Her involvement with the United Way underscores her belief in the importance of community service and making a positive impact beyond the workplace. Within YHB, Claire is known for her dedication to mentoring and developing younger staff. She leads internal trainings, fostering a culture of continuous learning and professional growth. Her mentorship has been instrumental in guiding new professionals and helping them achieve their career goals.

Claire’s dedication and exceptional skills have earned her a promotion to Principal, effective July 1, 2024. This new role is a testament to her unwavering commitment to excellence and her significant contributions to the firm and its clients. As a Principal, Claire will continue to lead with integrity, passion, and a deep commitment to both her profession and her community.

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.