The Tax and Compliance Manager oversees compliance with all aspects of the Institute’s tax and compliance related filings and obligations, including Forms 990 and 990-T, state and local tax returns, state charitable filings, and governmental grant compliance requirements. Serves as the Institute’s in-house tax resource.
PRIMARY DUTIES AND RESPONSIBILITIES:
Monitors and ensures compliance with local, state federal and international tax filing requirements. Directs to the preparation of annual and on-going reporting to tax authorities, such as annual Form 990, and other federal, state, and local returns.
Advises the Controller and Executive Vice President, Finance and Administration on tax-related legislative developments impactful to the Institute’s business.
Works closely with the payroll and accounts payable departments on all employment-related tax issues, and taxability of payments to vendors and nonresident aliens.
Prepares and oversees all annual state charitable registration requirements for the Institute. Responds to on-going state registration questions and notices.
Monitors state sales tax filing obligations; oversees the preparation and timely filing of sales tax returns.
Liaisons with IRS, state and local government for any tax matters concerning the Institute.
Calculates tax deductibility for sponsorships, special events, and memberships.
Researches and provide direction on matters of tax compliance to other departments as needed, including review of contracts for potential tax consequences.
Writes Institute tax policies and procedures.
Maintains relationship with the Institute’s external tax service providers.
Under the direction of the Assistant Controller for Financial Reporting and Compliance, ensures grant compliance with all aspects of Federal OMB Circular A-133. Researches other applicable compliance requirements as needed.
Reviews government (Federal, State, and Local) grant applications and reports.
Maintains a compliance calendar for tax, grants, state registration, and other regulatory deadlines.
Works on other projects as requested by the Assistant Controller for Financial Reporting and the Controller.
Bachelor's degree in Accounting, Finance, Business, or related field.
CPA license or Advanced Degree required.
Minimum 5 years taxation experience in a similar role or public accounting; experience with tax exempt organizations strongly preferred.
Proficient in Microsoft Office (Excel, Word, and PowerPoint).
Strong attention to detail with excellent analytical skills.
Outstanding written and verbal communication skills.
The Art Institute of Chicago is an equal opportunity, equal access employer fully committed to achieving a diverse and inclusive workplace.
About Art Institute of Chicago
For more than 135 years, the Art Institute of Chicago and School of the Art Institute of Chicago have shared a commitment to the preservation, education and exploration of the artistic ideal. The Museum and the School are proud of our longstanding relationship, and form a single corporation called the Art Institute of Chicago. While the Museum and School have a shared mission of promoting the arts and art education, their operations are largely separate and each has its own chief executive who reports directly to the corporation's Board of Trustees.