NONPROFIT & EDUCATION

A POSITIVE IMPACT IN

YOUR INDUSTRY

Fulfilling the mission of a nonprofit organization is often prominent in the minds of the organization’s leadership and directors. The focus is centered on finding new ways to meet the needs of those they serve. There is a compassion and a desire to “help” that touches people in a meaningful way. While fulfilling their passion for helping, nonprofits face challenges. They must balance their mission of creating programs and delivering services with the financial reality of the need to rely on donations, grants, and other sources of funding. The formula can become more complicated when these sources include federal and state government agencies, due to compliance requirements. To stay focused, it’s essential to partner with an experienced provider who can help navigate issues, provide insights on best practices and assist in the financial vitality of the organization.

Klatzkin has decades of experience serving the audit, accounting, tax and compliance needs of nonprofit organizations in Lower Bucks County, Pennsylvania and across New Jersey. During this time, we have served federally funded organizations, healthcare entities, legal services, private foundations, social service organizations, and private education institutions, to name a few. Our team members work with management to address compliance requirements, provide accounting support, and assist with strategic planning needs. Our diverse experience allows us to bring a distinct perspective to your organization.

  • Our Nonprofit & Education Services

    • Auditing and Accounting Services
    • Audited financial statements
    • Reviewed financial statements
    • Compiled financial statements
    • Yellow Book Audit and single audit reporting
    • Consulting
    • Grant reporting Guidance
    • Tracking of expenditures for restricted funds
    • Audit preparation services
    • Tax Preparation and Compliance
    • Preparation of Form 990 and state registrations
    • Form 1023 Preparation and Assistance
    • Tax planning
    • Tax representation
    • Budgeting
    • Outsourced CFO services
    • Bookkeeping services
    • Strategic planning
    • Fiduciary guidance
    • Compliance for Management
  • Let Us Help You Move Forward

    Working with a provider that intimately understands your operational passion and challenges is imperative to success. Relax with confidence, knowing that our seasoned team members are here to guide your organization through the operational and compliance complexities common for many nonprofits.

NONPROFIT & EDUCATION

LEADERS

THOMAS H. MARTIN serves as the Managing Partner and is focused on serving the audit, tax, and accounting needs of manufacturing, nonprofit, education, and professional service firms.

MEET EXPERT

CHRISTOPHER S. MAYNARD is a Partner and divides his time between Klatzkin’s Newtown and Hamilton offices. He focuses on serving the audit, tax, and compliance needs of independent schools and nonprofit organizations.

MEET EXPERT

Industry Insights

Advisory FASB Extends Implementation Deadline for New Accounting Rules Businesses continue to figure out new ways to drive revenue, manage expenses, and implement new measures to protect employees from COVID-19. The sudden shift to a business situation which months ago seemed impossible means there has been little time for much else. Read Post
Nonprofits 2020 Nonprofit Fraud Trends According to the Association of Certified Fraud Examiners (ACFE) 2020 Global Study on Occupational Fraud and Abuse, employee corruption was identified as the leading source of fraud amongst nonprofit organizations. It was found that in 74% of the cases, either the Executive Director or Manager was the primary perpetrator of illegal activity. Read Post
COVID-19 CARES Act: Opportunities for Independent Schools The federal government responded with two important pieces of legislation, including the Families First Coronavirus Response Act and the Coronavirus Aid, Relief and Economic Security (CARES) Act.  They both provide significant compliance changes, but more importantly, outline various tax changes, loan options, and additional assistance for independent schools. Read Post

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