The Marcum LLP Not-for-Profit (NFP) Practice Group was created to address the unique challenges organizations face in the contemporary marketplace. It can be a difficult environment for Not-for-Profits that face a pressurized economy, limited returns on investments and changing regulatory constraints.
The professionals at Marcum understand the specific needs and concerns of their charitable and institutional clientele and bring the highest level of expertise
and knowledge to every service we provide them.
With a national team dedicated to exceeding the expectations of our NFP clients, Marcum delivers services with depth and breadth of industry experience
from which our clients benefit, including:
Our NFP Organization clients include:
Public and private universities
Arts and cultural organizations
Human service organizations/social service agencies
Institutions of higher education
The NFP Practice Group provides a complete range of services to your industry including:
Assurance Services Assurance services primarily involve the audit of financial statements and the issuance of an opinion on the fairness of the presentation of financial
position and results of operations of an entity.
At Marcum, we use a constructive approach to auditing. Our philosophy and practice is to blend the technical, the practical and the business approach in
the conduct of each engagement.
Audit, reviews and compilations of financial statements
Compliance audits – OMB Circular A-133 and
Program Specific Audits; Florida Single Audit Act
Agreed-upon procedures engagements
Internal control assessments
Tax Services A dedicated group of professionals within the Firm’s Tax and Business Services division is responsible for the tax services for all our not-for-profit
clients. Since this team works solely for not-for-profit clients, they understand the tax issues these entities face, and they work with these clients
to make sure returns are prepared accurately and in a timely manner.
Consultation and preparation for application for tax exempt status
Annual state and federal filings (Form 990, 990-T, 990-PF, F-1120, etc.)
Other regulatory filing compliance
Tax planning for excise tax and other complex issues
Advice on formation, mergers, liquidations and unrelated business income tax
Advice on other tax related issues including sales tax, payroll tax, property tax, etc.
Internal controls review
Other planning and general business consulting
Advisory Services Marcum’s Advisory Services encompass the analysis of business problems, the evaluation of the scope of specific situations, as well as the development
of solutions and alternative procedures. The purpose of this comprehensive endeavor is to assist clients in solving their management problems.
The scope of an advisory engagement is determined in large measure by the client, and depends partially on the extent of involvement of the client’s own
personnel. Marcum aims to provide clients with “know-how” by using personnel who have the knowledge and experience to serve clients in a wide range
of functional areas such as accounting systems, computer systems, financial controls and organizational structure.
Advice on accounting and bookkeeping issues, including establishing accounting and financial reporting systems
Advice on adherence with Generally Accepted Accounting principles
Evaluation of accounting systems, policies and procedures
Board of Directors governance training and best practices
General business advisory services
IT Consulting Our Information Technology (IT) assurance services were developed in response to an increased risk environment. We provide a wide range of IT advisory
Nonprofit CPAs is a nationwide affiliation of independently owned accounting firms committed to delivering exceptional financial and consulting
services to nonprofit organizations. Certified Public Accountants who demonstrate expertise and focus in supporting nonprofit organizations
are selected based on their superior service to the industry. Nonprofit CPAs members cooperatively build leading accounting practices in
their individual markets by exchanging business development practices and technical knowledge to benefit more nonprofit clients effectively.