NOT-FOR-PROFIT

Rossi’s experience with not-for-profit organizations is second to none. Your organization faces unique challenges as a not-for-profit, and your CPA firm should be equipped to assist you with those challenges. More important to you, we anticipate the issues you face and proactively work with you in the financial management of your organization.

Whether the organization’s focus is the arts, civic, culture, education, or health and human services, the not-for-profit faces a wide range of operational and regulatory challenges. Combine these with the current lower economic realities of contribution levels and limited resources, creates a difficult environment for an organization to focus on and fulfill their stated mission.

Regardless of the size or purpose of your organization, operational and regulatory compliance issues can easily steer you off course, taking away valuable resources from your programs. Rossi currently works with all types and sizes of not-for-profits. Successful organizations realize the value of accurate and timely financial and management reporting, including functional expense allocation, public or government requirements, governance and financial management policies, tax compliance and tax planning, but all these should come at a reasonable cost. The professionals at Rossi understand these concerns and have the experience to provide you the information and analysis to assist you in accomplishing timely, effective and transparent financial reporting. Whether dealing with financial reporting of endowment funds or donor-imposed restrictions, accounting for grants, in-kind donations or functional expenses, our experience with not-for-profits will add value to your organization.

We have been performing audits in compliance with the provisions of the Office Management and Budget Circular A-133, Audits of Institutions of Higher Education and Other Not-for-Profit Organizations (OMB Circular A-133), since its issuance in March 1990. Moreover, the firm has been conducting audits of not-for-profits in accordance with generally accepted auditing standards for over 25 years. As a result, the firm has significant experience with the reporting and compliance requirements set forth under the single audit concept.