Active SLED Opportunity · NEW YORK · NEW YORK
AI Summary
SUNY Old Westbury College Foundation seeks an independent certified public accountant for a 5-year term to perform annual audits, prepare tax returns, and provide management letters in compliance with auditing standards. Proposals due May 21, 2026.
RFP Number: OWCF_043026 RFP Title: External Auditor Key RFP Dates/Procurement Calendar RFP Release Date – 04/30/2026 Questions/Clarifications from Bidders due by – 05/7/2026 Answers/Information provided by the OWCF by – 05/12/2026 Proposal Due Date – Thursday 05/21/2026 at 4:00 PM EST Anticipated Contract Term: 5 Years _____________________________________________________________________________________________________________________________________________________ The Old Westbury College Foundation, Inc. (Foundation) is initiating a formal process for the selection of an independent certified public accountant for a five (5) year term, commencing with fiscal year ending June 30, 2021. The audit of the Foundation’s financial statements must be performed in accordance with AICPA generally accepted auditing standards in the United State of America. The Foundation is requesting written responses to this Request for Proposal (RFP) no later than Thursday, May, 21, 2026 – 4:00 PM EST. I. BACKGROUND The Foundation is a not-for-profit, tax-exempt 501 (c)(3) organization. The purpose of the Foundation is to assist SUNY College at Old Westbury (College) with its charitable, educational, literary, and other purposes by providing grants and other financial assistance to students, faculty, staff and affiliated organizations. The Foundation is empowered to solicit, receive and hold gifts, bequests and other contributions of both real and personal property. As a campus-related foundation, the financial statements of the Foundation are discretely presented in the State University of New York’s financial statements, in accordance with the requirements of Governmental Accounting Standards Board Statement No. 39. At the 2024-25 year end, the Foundation held Net Assets of $3,678,085 and total Support and Revenues for the year were $823,257. II. SCOPE OF SERVICES REQUIRED The selected firm will perform the following professional certified public accounting services: 1. Conduct an annual audit of the Foundation’s Annual Financial Statements in accordance with generally accepted auditing standards. 2. Prepare the supplemental schedule of Restricted Net Assets. 3. Prepare related Federal and New York State tax returns as appropriate, including IRS form 990 and Charitable Organization Annual Filing for the New York State Attorney General. 4. Prepare a management letter addressing administrative, accounting and other internal control matters. All of the above must be completed by August 31st following each fiscal year, in order for our Board to review each document prior to its submission to the appropriate recipients. In addition, the Foundation requires that a meeting of the auditors and the Foundation’s Audit Committee be held to discuss drafts of the financial statements and tax returns and that the auditors meet at least yearly with the Board of Trustees of the Foundation. Business enterprises awarded an identical or substantially similar procurement contract within the past five years: None Minority / Women Business Enterprise contracting goals (MWBE) MBE Goal: 0.00% WBE Goal: 0.00% Disadvantaged Business Enterprise contracting goals (DBE) DBE Goal: 0.00%
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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