New York State Contract Reporter #OWCF_043026

SUNY Old Westbury College Foundation Seeks Five-Year External Audit and Tax Services

The Old Westbury College Foundation, Inc., affiliated with SUNY Old Westbury, is seeking an independent certified public accountant to provide annual audit and related tax services over a five-year contract. - Government Buyer: - Old Westbury College Foundation, Inc., supporting SUNY Old Westbury - Contracting managed by SUNY Old Westbury Business and Finance Office - Services Requested: - Annual audit of the Foundation’s financial statements in accordance with AICPA generally accepted auditing standards - Preparation of supplemental schedules of Restricted Net Assets - Preparation of Federal and New York State tax returns, including IRS Form 990 and Charitable Organization Annual Filing for the NY State Attorney General - Preparation of management letters addressing administrative, accounting, and internal control matters - Annual meetings with the Foundation’s Audit Committee and Board of Trustees - Quantities: - All services are required annually for five years (total of 5 audits, 5 tax filings, 5 management letters, etc.) - Unique or Notable Requirements: - Auditor must demonstrate experience with nonprofit and higher education audits - Staff continuity and diversity/inclusion policies are required - Fixed fee structure for the five-year period - Auditor rotation is mandatory at the end of the contract term - All deliverables must be completed by August 31 following each fiscal year - MWBE and DBE goals are set at 0% - No specific OEMs or vendors are named; the opportunity is open to qualified CPA firms with relevant experience.

Description

The Old Westbury College Foundation, Inc. is seeking proposals for an independent certified public accountant to perform annual audits of the Foundation's financial statements for a five-year term starting with the fiscal year ending June 30, 2026. The scope includes conducting audits in accordance with generally accepted auditing standards, preparing supplemental schedules of Restricted Net Assets, preparing related Federal and New York State tax returns including IRS Form 990, and preparing a management letter addressing administrative, accounting, and internal control matters. All services must be completed by August 31st following each fiscal year, with meetings required annually with the Foundation's Audit Committee and Board of Trustees.

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