Nonprofit Organizations

Nonprofit organizations face significant challenges in the current economic climate. Organizations are competing for donor funds, grants and other vital funding. As such, you must demonstrate program outcomes, while efficiently utilizing your resources and ensuring compliance with applicable not-for-profit financial and regulatory requirements.

At BSSF, we understand the environment you operate in, as well as the challenges you face. We provide numerous audit and nonprofit tax reporting services for this industry that will assist you in maximizing operating efficiencies, ensuring that you have adequate accounting controls in place, and effectively communicating your achievements. Our breadth of work serves many parts of the Mid-Atlantic region, with a large focus in Central Pennsylvania and Maryland.

What Nonprofit Entities Do We Serve?

  • Charitable organizations
  • Faith-based organizations
  • Foundations
  • Membership organizations
  • Economic development organizations
  • Human services organizations
  • Labor organizations

What Services Do We Provide for Nonprofits?

Accounting & Auditing Services

  • Conducting state or federally funded governmental audits
  • IRS audits of nonprofit organizations
  • Overseeing special audit and reporting issues of membership organizations

Tax Services

  • Preparing exempt organization tax returns

Small Business Accounting Services

  • QuickBooks training
  • Payroll processing
  • Rewriting employee handbook policies and procedures

Forensic Accounting Services

  • Fraud prevention
  • Fraud investigation

Specialty Consulting Services

  • Designing and evaluating charitable estate planning
  • Fundraising consultations
  • Implementation issues of various FASB pronouncements
  • Interview candidates for financial and information technology positions
  • Evaluate client information systems
  • Assist in the development of multi-tiered functional expense allocation systems

Why Choose BSSF for Your Nonprofit Needs?

Financial statement and tax reporting requirements for nonprofit organizations are consistently changing. Our tax personnel are fully aware of and knowledgeable in the new IRS reporting requirements of Form 990. They have attended and instructed numerous conferences on the complexities of the new reporting requirements. We will help you stay abreast of these changes and how they impact your organization.

Our nonprofit team provides financial statement audit, review, and compilation services; tax preparation and consulting services as well as accounting and internal control advisory services. In addition, we provide close out grant audit and single audit services to organizations receiving federal and state grants.

We regularly attend the AICPA National Not-for-Profit Industry Conference or the PICPA Not-for-Profit Conference to stay current with the latest accounting, auditing and disclosure issues in the industry.

We also attend national conferences to stay well informed on the changes in financial statement reporting, the new IRS reporting requirements and the recent decisions, rulings and court cases, which affect Tax-Exempt Organizations. We also host seminars for clients, non-clients and other professionals involved in providing services to the tax-exempt sector to provide updates on the revised Form 990, IRS rulings and relevant court decisions.

Our nonprofit team believes in the missions of nonprofit organizations and understands their unique needs. We not only want to be your accountant; we want to be your partner in achieving your mission.

Contact BSSF today and find out more about our services.