Marcum LLP
 
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Not-for-Profit


Through extensive experience, our team of professionals specializing in the not-for-profit sector has a comprehensive understanding of the unique challenges and tax issues faced by not-for-profit organizations. By keeping abreast of changes in accounting standards and reporting requirements, changes in tax laws and any changes in federal and state regulations, they are able to bring a high level of expertise and knowledge to each organization.

The professionals within the firm’s Not-for-Profit group perform a variety of services for more than 250 public charities, private foundations and private operating foundations nationwide.

Our not-for-profit clients include:

  • Arts and cultural organizations
  • Human service organizations/social service agencies
  • Private schools
  • Museums
  • Supporting organizations
  • Foundations
  • Financial Endowments

Marcum provides a wide range of services for not-for-profit organizations including:

Assurance Services

  • Audit, reviews and compilations of financial statements
  • Compliance audits – Single Audits and Program Specific Audits
  • Agreed-upon procedures engagements

Tax Services

  • 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.

Management Advisory Services

  • 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
  • Strategic planning
  • Board of directors governance training and best practices
  • General business advisory services
  • Forensic services

IT Consulting

  • System vulnerability studies
  • IT compliance assessments
  • Business continuity planning evaluations
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