Not-For-Profit Organizations

Not-For-Profit Organizations

Audits of not-for-profit organizations have long been a service that CPA firms provide in the “off season.”  Not at BBD.

At BBD, our Not-For-Profit Group includes a team of professionals, including two partners and a not-for-profit tax specialist, dedicated full-time to providing audit and tax services for more than 100 not-for-profit organizations in the Philadelphia area.  From partners, to tax specialists, to staff accountants, clients work with a team that serves not-for-profit organizations every day of the year.  That’s a level of dedication to the not-for-profit community that few CPA firms can match.

Clients include:

  • Social services organizations
  • Educational and cultural organizations, including independent schools
  • Trade/professional associations
  • Religious institutions
  • Foundations
  • Long-Term Care Organizations

BBD also provides services for many government entities in the Greater Philadelphia area, including school districts, municipalities, and special purpose governments.

Governmental Audit Quality Center
Our firm is a member of the Governmental Audit Quality Center (GAQC), sponsored by the American Institute of Certified Public Accountants.  The Center is a voluntary membership Center for CPA firms that perform audit and attestation engagements under Government Auditing Standards and OMB Circular A-133.  As a member of the GAQC, we are committed to performing the highest quality not-for-profit audits.  We demonstrate our commitment by voluntarily agreeing to adhere to the Center’s significant membership requirements.

Clients rely on our Not-For-Profit Group for the following services:

  • Audits in accordance with Government Auditing Standards, OMB Circular A-133, and other state and local requirements
  • Tax consultation regarding selection of optimum organizational structure, unrelated business income tax, and excess benefit issues and intermediate sanctions
  • Preparation of required reports for funding agencies
  • Audits of employee benefit plans

Can we help you?  Contact Adam Watson or Ron Scaramuzza, the partners-in-charge of our Not-For-Profit Group.