Not-for-Profit & Government

Not-for-Profit Organizations & Governmental Agencies

Providing services for not-for-profit clients requires specialized training, continuing education and experience. It also requires a unique ability to understand the mission, the management and the reporting requirements that make not-for-profits different from corporate clients. This work also requires a firm with a heart for the niche.

Audit, Assurance & Attest

KraftCPAs Not-For-Profit & Governmental Industry Team has the experience, expertise and continual training to excel in serving not-for-profit organizations. We have been long recognized for our commitment to the not-for-profit community, and our not-for-profit/governmental clientele includes more than 100 organizations, including:

  • health and welfare organizations
  • schools and other education organizations
  • trade and professional associations
  • arts and cultural organizations
  • foundations
  • civic organizations

We have significant experience auditing not-for-profit organizations and governmental entities in compliance with Government Auditing Standards (Yellow Book) and the Uniform Guidance. Read more about our financial statement assurance services.

Tax Consulting & Compliance

Because we prepare more than 100 Form 990 returns annually, our not-for-profit industry team has significant experience dealing with not-for-profit reporting issues such as unrelated business activities, debt-financed income, allocation of functional expenses, disclosures related to program service accomplishments, private inurement, excess benefit transactions, proper reporting of special events and fund raisers, and appropriate compensation disclosures.

Advisory services

In addition to our professional experience with not-for-profit clients, our team has extensive, practical experience serving on committees and boards of numerous professional, civic and social organizations. This hands-on experience gives our team a management-level perspective, which prepares us to advise not-for-profit clients on business management, technology, tax and other financial issues.

We routinely offer some management advisory services as part of our audit engagement. During the pre-planning and post-engagement meetings, we discuss best practices for not-for-profits that would enhance operations, and we discuss IRS changes and industry developments and the impact they might have on the organization.

In addition, we are available to provide more structured, stand-alone advisory engagements, such as:

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