Note: We had several requests to see our recent audit. If you have not already received a link, please email firstname.lastname@example.org.
We understand there may be additional questions after your review, so we are allowing a second round of questions. Please email those to email@example.com with the subject line “Additional Questions Audit RFP”. We will take those questions through Wednesday 1/31 at 12:00 noon. and will post answers here by 5 pm on 1/31. The proposal deadline will still be 2/12.
The most recent audit is available by request. If you have not already received a link, please email firstname.lastname@example.org.
Would it be possible to have a call to learn more about organization.
We are not able to do this prior to the proposal deadline. We plan to meet with two or more firms during the selection process. More information about the organization can be found on our website downtowndurham.com.
I am able to pull the June 30, 2022 Form 990 from Guidestar for DDI but can you send the 2023 Form 990?
The FY22 990 is the most recent form. The FY23 990 is in progress.
I am not able to see the Form 990 for ReDD on Guidestar. Can you also send the 2023 Form 990 for this entity?
ReDD filed the 990-N for 2022 and 2023. We anticipate needing to file a 990 for FY24.
Was our firm referred to you by someone, if so, who?
All firms who received the RFP were either referred to us, either by one of your current clients or from the NC Center for Nonprofit listing.
Most of the work is handled internally. We have a contracted finance manager who serves in some specific ways as part of our financial controls.
Is your bid request part of a due diligence process, or is your prior auditor no longer able to provide these services?
Our Board of Directors Finance Committee determined that we should bid out these services. While we did include our current firm in the bidding process, we have since learned they will not be submitting a proposal.
Can we get an understanding of the accounting function? What software is used?
We use Quickbooks Online, Quickbooks Payroll, and Lease Crunch.
What does the organization require from an audit?
The most recent audit is available by request. If you have not already received a link, please email email@example.com. We will be looking for a similar level of service.
Additional RFP Questions
Is there a preference to how fieldwork is conducted? I.e. Virtual vs. onsite?
Are you able to share any fee or hours information regarding audit and tax services?
The Board of Directors requested these services be bid out in part because of rising costs. For this last audit, the estimated fees were about $22,000 for all services.
Who will prepare the financial statements?
The audited statements were prepared by the audit firm.
You’ve indicated that ReDD will need to file a Form 990 (not a 990-N). Do you have an estimate of the activity for FY24 for ReDD or have you evaluated whether a Form 990-EZ could be filed instead of the Form 990?
ReDD received a grant for $100,000 in FY24. We have not looked into whether the organization can file the 990-EZ.