Not-for-Profit Organizations

At R.S. Abrams, our Not-for-Profit Group is dedicated to providing valuable guidance on how to successfully function within an increasingly complex and challenging environment of funding and reporting requirements that the not-for-profit sector faces. Our not-for-profit clients trust the experience and expertise that R.S. Abrams has been providing to the greater New York area since 1934. Clients that we provide services for include a wide range of industries within the Not-For-Profit sector including educational and religious institutions, foundations and health care providers to faculty and teacher organizations and include such services as:

  • Audits, reviews and compilations of financial statements
  • Audits of cost reports required by government agencies
  • Agreed-upon procedures engagements
  • OMB Circular A-133 audits
  • Form 990, 990-PF, 990-T and state filings
  • Assistance with the request for exemption (Form 1023)
  • Form 5500 preparation
  • Board responsibilities and training
  • Internal control and risk management

We understand the unique roles that our not-for-profit clients provide to society and realize that each organization has different missions and challenges that face them and address these on an individual client by client basis. We consider the unique missions, structures and reporting requirements of our clients and provide not-for-profit organizations with the expertise and advice to allow them to stay focused on fulfilling their mission. Additionally, we have the knowledge and experience to help not-for-profit organizations reduce risks and protect their tax-exempt status. Our professionals are dedicated to not-for-profit organizations by constantly keeping updated on the unique issues that face their industry and are members of various Not-For-Profit Organizations that focus on the ever changing environment that they operate in. They function to serve society and to achieve their mission. We function to provide them with the dedicated and knowledgeable professionals they deserve and have one thing in common: serving the needs of our clients. Useful resources: