This is a request for proposal (RFP) issued by Fact Forward for auditing and tax services. This RFP is requesting proposals from qualified certified public accountants that have experience with nonprofit organizations and can deliver on the listed scope of services as outlined below.
Fact Forward was founded in 1994 to combat increasingly high rates of teen pregnancy in our state. Since that time, Fact Forward has partnered with funders and youth-serving professionals in all regions of the state to address the issue. Fact Forward’s mission is to improve the health and economic well-being of individuals, communities, and the state of South Carolina by preventing teen pregnancy.
All proposals will be treated with the highest confidence and will be used internally in our decision-making process. All proposals are to be submitted to “Audit RFP” at 4702 Colonial Drive, Columbia, SC 29203, or by email to operations@factforward.org no later than August 23, 2024. A decision will be made as promptly as possible with immediate implementation. Questions may be submitted via email to operations@factforward.org.
SCOPE OF SERVICES
The following represents an outline of potential services and/or expected deliverables for the three years ending September 30, 2024, 2025 and 2026. These activities include but are not limited to the following and will be conducted under the direction, prioritization and approval of the Fact Forward board, finance committee and/or Fact Forward staff.
1. Conduct audits of the financial statements in accordance with generally accepted auditing standards as established by the American Institute of Certified Public Accountants, generally accepted government auditing standards issued by the Comptroller General of the United States, the Single Audit Act Amendments of 1996 and the provisions of the Office of Management and Budget Circular A-133, Audits of States, Local Governments and Nonprofit Organizations and as replaced by Subpart-F Audit requirements 2CFR Part 200 as published on April 22, 2024.
2. Prepare Form 990 for review and approval by the Board of Directors.
3. Present the audit report and tax returns to Fact Forward Board and finance committee. If any opinion is other than unqualified, it would be fully discussed with the Chief Executive Officer in advance of issuance. If for any reason, the audit cannot be completed, a report would not be issued as a result of the engagement.
4. The audit report and tax returns will be completed and filed as appropriate by January 31 of the following year to the Federal Audit Clearing House and IRS.
Service providers submitting a quote must include the following information:
• A statement regarding the ability to provide the above services.
• A timeline for completion of services.
• A complete pricing overview.
• Three references with names and addresses of not less than three business customers of similar size to Children’s Trust. References to other non-profits preferred.
• Any contractual terms your organization will require.
Fact Forward will:
• Provide information required for the audits.
• Complete requests for confirmations.
• Assume responsibility for the financial statements to include the maintenance of adequate records and related internal control, the selection and application of accounting principles and the safeguarding of assets.
• Prior year’s audited financials and tax returns may be found on our website at https://www.factforward.org/about/financial-information
TERMS AND CONDITIONS
Companies providing a proposal agree to the following terms and conditions:
• Successful bidder will not release records or information related to Fact Forward unless an application for public information is submitted and approved by Fact Forward Board of Directors.
• Fact Forward reserves the right to reject any or all proposals received, to request clarification of any proposal, to request a face-to-face interview, to waive informalities or irregularities; and to select a service provider not based solely on the lowest cost.
• Pricing included in your proposal must be valid for at least 90 days and may not be modified, withdrawn or canceled.
• Fact Forward will not pay for any information requested herein, nor is it liable for any costs incurred by the participant in responding to this request. All proposals submitted become the property of Fact Forward and will not be returned.
• None of the information released either verbally or in writing shall be deemed binding to Fact Forward in any manner.
• All proposals or offers must be signed by a duly appointed officer or agent of your company.