Not-For-Profit Organizations
Not-for-Profit - Accounting, Tax, Audit & Consulting
At Dermody, Burke & Brown (DB&B), our work with not-for-profit clients isn’t a sideline – it is a significant portion of our practice. In 60+ years, DB&B’s highly experienced team has worked with more than 200 not-for-profit organizations. Therefore, we are very well-versed in the day-to-day issues that most not-for-profit organizations face and can offer proactive solutions. Should an unusual issue arise, DB&B’s standing in the Allinial Global Not-for-Profit Committee allows our team to tap into the wealth of knowledge of other top not-for-profit accounting practices around the world.
DB&B has a deep base of knowledge and industry experience, allowing us to provide organizations with proactive solutions. We routinely give our clients new ideas and suggestions for improving their operational efficiency and effectiveness. For every audit engagement, our team provides a “Letter of Observations and Recommendations” that: (1) highlights relevant trends and “best practices” in the client’s niche; (2) offers pertinent observations regarding the client’s practices; and (3) makes suggestions for improvement. We also regularly assist our not-for-profit clients with board presentations, including an in-depth review of the audit and a summary of our findings and other observations and recommendations.
Our team has extensive experience serving social service and religious organizations, HUD-funded entities, foundations, cultural arts organizations, long term care facilities, assisted living facilities and affordable housing organizations.
Not-For-Profit Services
- Audits and Accounting
- Financial statement audits
- Reviews and Compilations
- Agreed – Upon Procedures
- Single Audits & Yellow Book Audits
- Review and certification of governmental cost reports
- Fraud investigation services
- Alerts on new standards and trends in the industry
- Establishing financial controls and reporting systems
- Internal control studies and recommendations
- Implementation of Governance Best Practices resulting from the New York Nonprofit Revitalization Act
Tax Services
- Tax return preparation and filing
- Unrelated business income tax issues
- Tax law alerts and consultation
Business Advisory Services and Consultation
- Employee benefit design, audit and administration
- Internal operational review
- Seminars
- Management and development training
- Thought leadership emails
- QuickBooks consulting and installation
Technology Services
- Information systems review
- Network security review
- Training