Audit and Tax Compliance Services

Lenoir Community College Foundation, Inc. is requesting proposals from qualified CPA firms to provide independent audit services and tax compliance services for fiscal years ending June 30, 2027, 2028, and 2029, with proposals due September 1, 2026 at 5:00 p.m. Eastern Time.

Firms must hold North Carolina CPA licensure and demonstrate experience auditing nonprofit organizations and higher education foundations subject to North Carolina governmental reporting requirements. The selected firm will perform annual financial statement audits in accordance with Generally Accepted Auditing Standards and Government Auditing Standards, prepare the Foundation's annual IRS Form 990 and other required tax filings, and provide tax research and consultation on nonprofit taxation matters. The Foundation is a Section 501(c)(3) tax-exempt organization operating on a fiscal year ending June 30.

The contract will be awarded for an initial one-year term with the Foundation's option to renew for two additional one-year periods; after the three-year term, audit services shall be competitively procured through a new RFP process. Proposals must include separate Technical and Cost Proposals addressing firm qualifications, independence, engagement team details, estimated audit hours, experience with similar organizations, peer review reports, regulatory history, audit approach, and professional liability insurance. Cost Proposals shall itemize professional fees for audit services, Form 990 preparation, other required tax filings, and other services by fiscal year, with a billing schedule and disclosure of any circumstances that could result in additional fees.

Evaluation will utilize a best-value methodology considering qualifications and experience with nonprofit organizations, technical approach and audit methodology, key personnel qualifications, relevant audit experience, peer review results, professional standing, responsiveness to the RFP, and overall cost value. The Foundation reserves the right to reject any or all proposals, request clarification, conduct interviews, and negotiate with proposers. Written questions are due August 10, 2026. Interviews are scheduled for September 15–16, 2026, with firm selection on September 21 and contract approval on October 28, 2026. Contract commencement is November 6, 2026.