Not-For-Profit
Overview
In today’s marketplace, where the importance of fundraising and accountability are more crucial than ever, maintaining a strong reputation and good financial standing is paramount for not-for-profit organizations. At Anchin, we understand the unique challenges—including complex regulatory compliance and reduced government and public funding—not-for-profit organizations face and have the industry expertise to help them address these challenges and achieve their missions.
Over the years, we have served a diverse range of social service, charitable, cultural, professional, arts, and educational not-for-profit organizations. Having proudly served some of the area’s largest not-for-profits and foundations, our dedicated not-for-profit professionals have the extensive experience needed to assist organizations in meeting the demands of the current market conditions. We assist our clients with complex accounting issues unique to the nonprofit sector and ensure that proper checks and balances are in place. Our Not-For-Profit Industry Group is dedicated to supporting our clients’ goals, helping them navigate the complexities of today’s regulatory and funding environments.
Our team brings industry expertise and tailored solutions to help a wide array of nonprofit organizations achieve their missions and maintain financial health. We serve:
- Social service organizations
- OPWDD funded agencies
- Residential childcare agencies
- Continuing care retirement communities
- Organizations subject to OMB Uniform Guidance
- Infant, toddler, and early childhood programs
- Educational institutions
- SED funded agencies
- Adult and Child Educational Day Centers
- Preschool and Early Intervention programs
- Independent schools
- School-aged educational programs
- Charities and community-based organizations
- Religious organizations
- Foundations and philanthropic organizations
- Healthcare entities
- Home health providers
- Hospitals and Hospice
- Healthcare systems
- Federally Qualified Health Centers (Article 28 Diagnostic and Treatment Centers)
- DOH, OASAS and OMH funded agencies
- Other healthcare providers, including Article 16 Clinics
Our dedicated team of professionals are well-versed in financial issues that are unique to the nonprofit community and provide a full-suite of services to assist them in achieving their missions and meeting the financial objectives of their management teams and board of directors.
We are not just advisors; we are also active participants in the not-for-profit community. Our team members serve on boards, volunteer, and support various charitable causes, giving us a unique perspective on the issues these organizations face.
Audit & Attest Services
- Auditing financial statements
- Auditing compliance with government agency funding sources
- OMB Uniform Guidance audits
- Employee Benefit Plan audits
Accounting & Advisory Services
- Cost report certification and consultations
- Operational and internal control reviews
- Board of Directors governance training
- Preparation and certification of the Consolidated Fiscal Report (CFR) and other government cost reporting requirements
- Risk management and assessment
Tax Preparation & Compliance Services
- Preparation and filing of Form 990, 1023, 1024, and 8872
- Unrelated Business Income Tax (UBIT) Advisory and management consulting services