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Colleges & Universities Overview

RubinBrown’s Colleges & Universities Service Group provides a full range of assurance, consulting and tax services to colleges and universities. Our specialized services and expertise are delivered with close personal attention to our clients.

At RubinBrown, we are a focused practice consisting of partners, managers and a team of staff dedicated to serving colleges and universities.

In addition to over twenty colleges and universities, both private and public, we also serve more than 250 not-for-profits and public sector entities (including over 70 foundations).

All members of the Colleges & Universities Service Group receive annual training on accounting and auditing issues applicable to colleges and universities.

Assurance & Accounting Services

  • Audits of financial statements for colleges and universities, as well as university-related organizations, such as foundations, TV/radio stations and athletic departments
  • Single Audits
  • Agreed-upon procedures engagements, including procedures required by the NCAA
  • 403(b) benefit plan audits

Consulting Services

We are well trained in performing a wide variety of consulting services to higher education institutions:

  • Title IX compliance
  • Restructuring and bankruptcy
  • Internal audit co-sourcing and outsourcing
  • Enterprise risk assessment
  • Data mining
  • Review and enhancement of internal controls surrounding Student Financial Aid and sponsored programs
  • Information technology general controls review
  • Information technology security compliance (HIPAA, PCI, PII, GLBA and FTC Red Flags regulations)
  • Internal audit review of conflict of interest policies and related compliance

Tax Compliance Services

  • Preparation of Forms 990 and 990-PF - we prepare nearly 300 Form 990 returns annually
  • Preparation of Form 990-T 
  • Preparation of trust returns
  • Unrelated business income tax research

07/15/2021

Focus on Colleges & Universities: Significant Changes to SFA Verification Requirements


On July 13, 2021, the Department of Education (ED) published a Dear Colleague Letter (GEN-21-05) changing the verification requirements for the 2021-2022 FAFSA processing and verification cycle, including eliminating the requirement for “V1” verification requirements by all higher education institutions.

07/06/2021

Focus on Colleges & Universities: New Proposed Data Collection Form Released for HEERF I, II and III


On June 23, 2021, the Department of Education posted a proposed new data collection form for HEERF I, II and III.

03/30/2021

Focus on College & Universities: Department of Education Releases FAQs Clarifying Lost Revenues and Timing of Expenditures For HEERF Funds


A significant change for HEERF II funds compared to the HEERF I funds is that lost revenues are now specifically considered to be allowable costs.

All Colleges & Universities News

RubinBrown is pleased to present our 2019 Colleges & Universities Statistical Guides, focusing on public and not-for-profit institutions. The information contained in each report is compiled by RubinBrown’s Colleges & Universities Services Group.


 

 

Colleges & Universities Stats, Not-For-Profit Institutions

Included in the Not-For-Profit Institutions Report is statistical information for 53 not-for-profit colleges and universities in Colorado, Illinois, Kansas and Missouri. Select statistical information for 36 public institutions in Kansas, Illinois, Iowa and Missouri is also included. The source data for this report was obtained from publicly available documents of each institution.


 

 

 

Colleges & Universities Stats, Public Institutions

Included in the Public Institutions Report is statistical information for 36 Colleges & Universities Stats, Public Sector public colleges and universities in Illinois, Iowa, Kansas and Missouri. The source data for this report was obtained from publicly available documents for each institution.