212 661-7777 info@comdcpa.com

Membership Organizations

Professional trade and membership organizations face distinct challenges, particularly with chapter reporting, membership retention, and managing unrelated business income from sources like advertising and sponsorships. When organizations provide administrative support to local chapters or broker member benefits, such as insurance programs, these activities can add complexity to accounting and tax obligations.

COMD is well-equipped to navigate these complexities, offering guidance on mailing lists and credit card agreements, royalty income, which may be subject to unrelated business income tax, as well as other activities that could put the association’s tax-exempt status at risk.

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    COMD has been doing the audit/tax for our club since well before I got here, and we continue to rely on their expertise year in and year out. The staff are all friendly, knowledgeable, and professional. I still rely heavily on reaching out to the manager or partner on the job when I am confused on best practice. They respond quickly and always provide whatever guidance I need. They are the best in the business, and we look forward to continuing our relationship with them for years to come!

    Nicholas S. Amato, CPA

    Controller, Garden City Golf Club