Nonprofit
Fulfilling a nonprofit organization’s mission depends on accountability and efficiency. As budgets decrease and competition for funding increases, the pressures within a nonprofit can mount. KatzAbosch is a leading professional service provider to nonprofit organizations, including 501(c) (3), (4), (5), (6), (7), and (9) organizations. We maintain a highly qualified team of professionals who understand the unique issues that these organizations face.
Some types of nonprofit organizations we assist include:
- Community development agencies
- Cultural and arts organizations
- Educational organizations
- Private foundations
- Professional societies
- Public charities
- Religious organizations
- Trade associations
- Assistance with entity set-up
- Management consulting
Our Nonprofit Services
- Preparation of compiled, reviewed, or audited financial statements
- Complete audit services, including GAAP audits and Single Audits under federal guidelines
- Tax audit representation and consulting
- Development of internal accounting controls
- Assurance services
- Promises to Give—proper recording
- Allocation of functional expenses
- Assistance with entity setup
- Management consulting
Let’s Connect
If you have questions or need assistance, please fill out the form and a KatzAbosch representative will get back to you shortly.
Bookkeeping and Foundation Administration Services
Bookkeeping Services Include:
- Entry and categorization of income and expense transactions
- Monthly reconciliation and financial statements
- 1099 preparation
- Weekly bookkeeping management
- Bill pay services
Foundation Administration Services Include:
- Timely processing of grants, taxes, and payroll
- Recordkeeping
- Transaction processing, including processing contributions, preparing checks, and transmittal letters
- Receiving and processing mail
- Assistance with annual licensing
Industry Affiliations
We maintain memberships with the following to support our industry knowledge and participation:
- Maryland Nonprofits
- Maryland Association of Certified Public Accountants (MACPA)
- Leading Edge Alliance’s Not-For-Profit Practice Group (LEA)
- American Institute of Certified Public Accountants (AICPA)
KatzAbosch was a founding firm of the Leading Edge Alliance (LEA), a global alliance of major independently owned accounting and consulting firms in the United States, Asia, and Europe. Since its inception, we have become a leader within the organization by founding various subsets of the group and participating in LEA conferences.
“The simplicity of the audit and tax work is really on them. They make the updates, do timely extensions...it’s seamless and I love it. Other firms in this market are getting bought out, and so we appreciate the independence and consistent team at KatzAbosch.”
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