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 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
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
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
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
Our Information Technology (IT) assurance services were developed in response to an increased risk environment. We provide a wide range of IT advisory services, including: