Request for Audit

Request for Proposals To Audit
The Financial Statements of
Goodwill Industries of Central East Texas, Inc.
Three Fiscal Years  

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Section I - General Information

Goodwill Industries of Central East Texas, Inc. is seeking proposals from Certified Public Accounting firms to perform audits of annual financial statements and tax return preparation services for three fiscal years ending December 31 of 2022 through December 31, 2025, with one or two-year options to extend upon mutual agreement.  Proposals will be accepted from accounting firms certified by the State of Texas with at least five years’ experience in nonprofit and governmental auditing including experience performing Single Audits. The presentation of the annual financial statements, the independent auditor’s report, and other reports must be in accordance with GAAP.

 The deadline for submitting proposals is September 31, 2022.

 The proposal should be emailed to Tyrone.davis@lufkingoodwill.org or addressed as follows: 

Goodwill Industries of Central East Texas, Inc.
ATTN: Finance Director
301 Hill Street
Lufkin, TX 75904 

The audits are to be performed conforming to GAAS and GASB.  Periodic progress reports may be required during the course of the audits, as well as an audit exit conference to discuss the proposed drafts of the audit reports. Additionally, letters detailing significant opportunities to improve practices are to be furnished for each audit.   

 The tax return preparation services are to be performed according to Texas tax laws and within the scope of Internal Revenue Code for nonprofit corporations. 

 There is no expressed or implied obligation for Goodwill Industries of Central East Texas, Inc. to reimburse responding firms for any expenses incurred in preparing proposals in response to this request. This review may include a review of the firm’s peer review report and related materials, interviews with senior engagement personnel to be assigned to our organization, results of discussions with other clients, and the firm’s completeness and timeliness in its response to us. 

 It is anticipated the selection of a firm will be completed by the end of December 31, 2022.  Following the notification of the selected firm, it is expected a contract will be executed immediately upon Goodwill Industries of Central East Texas, Inc. Board of Director’s approval. 

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Section II - Background

Goodwill Industries of Central East Texas, Inc. (Goodwill) is a not-for-profit organization incorporated in 1987.  Goodwill Industries of Central East Texas, Inc. is a member of a national organization known as Goodwill Industries International. Goodwill collaborates with our community to transform donations into innovative training, employability, and financial stability programs that empower people with disabilities and other barriers to achieving independence. Goodwill territory includes Angelina, Nacogdoches, Houston, San Augustine, Sabine, and Trinity counties.  Goodwill is an autonomous not-for-profit organization governed by a volunteer Board of Directors consisting of members who are representative of the communities we serve.  The Board of Directors guides Goodwill by establishing by-laws, overseeing strategic planning, and providing fiscal oversight for the agency. The CEO oversees the organization’s daily operations and ensures the implementation of the agency’s strategic plan.  

Goodwill currently has five retail stores and a virtual store.  (These locations are subject to estimated inventory audit.)  In addition, to our retail stores, we have a Mission Services division that provides work training for consumers through a contract with the Department of Assistive and Rehabilitative Services (DARS) and provides temporary employment services through a contract with Work-quest Inc. Goodwill also operates a child care services contract through the Texas Workforce Commission to manage child care services in a 12 county region. Goodwill’s records are maintained on a calendar year basis. Financial records are maintained at 301 Hill Street, Lufkin, TX 75904 and they are processed using QuickBooks.

 While we have been pleased with the audit and tax services that have been provided by Axley and Rode Inc., Goodwill is required to periodically review all business services to determine whether greater efficiency and cost-effectiveness are available in the marketplace through a competitive solicitation such as this RFP.   

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Section III - Scope of Services

Following the completion of the audit of the fiscal year’s financial statements and a single audit of our child care services contract, the auditor shall issue: 

  1. A report on the fair presentation of the financial statements in conformity with generally accepted accounting principles. 
  2. A letter detailing significant opportunities to improve management practices. 
  3. Form 990 and accompanying schedules

To assist the selected firm, Goodwill will provide the basic information required for the audits and will be responsible for the accuracy and completeness of that information. As part of the engagement, the selected firm shall be available during the year for consultation on any tax or accounting issue that may arise. The successful firm will be expected to attend the Goodwill Board meeting at the completion of each yearly audit to assist in the presentation of the audited financial statements and to answer any board member questions. 

 The proposals will be reviewed by the Audit Committee. This may include a review of the firm’s peer review report and related materials, interviews with senior engagement personnel to be assigned to our organization, results of discussions with other clients, and the firm’s completeness and timeliness in its response to us.  The Audit Committee will present their recommendations to Goodwill’s full Board of Directors meeting for consideration. Any questions concerning this Request for Proposal should be made to the following: 

Tyrone Davis, Finance Director
Goodwill Industries of Central East Texas, Inc.
301 Hill Street Lufkin, TX 75904
Phone: 936-632-8838
Fax: 936-873-8971
Tyrone.davis@lufkingoodwill.org

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