Non-Profits Industry | CPA | Florida


We know the Non-Profit industry. Learn how we can help companies like yours.

The non-profit sector could grow by 4 percent in 2013, according to First Research’s latest forecast.  In the  U.S, about 60,000 organizations report combined revenue of about $110 billion. Health is the largest category based on funding; education has the most entities, nearly 20 percent of U.S. non-profits. 

One interesting trend is toward “impact investing,” where philanthropists select the organizations they support based on the impact of their dollars. Another is “social entrepreneurship,” the idea of creating enterprises that will create social change.

In South Florida, December 11, 2012 marked the first Give Miami Day, which raised more than $1.2 million for local organizations from nearly 5,000 givers. Gifts were matched in part by the Miami Foundation, with much of the matching money donated by the John S. and James L. Knight Foundation.

Are potential donors seeking transparency and assurance? Many non-profit organizations have added codes of conduct, and appointing ethics officers. Some are voluntarily auditing financial statements annually; others are required by their funding sources.

Kaufman, Rossin's non-profit audit team works with nearly 100 entities annually, providing audit and tax services, including engagements requiring single audits under OMB Circular A-133 (for federal funding) and the Florida Single Audit Act (for state funding). We're committed to helping the organizations which contribute to our South Florida community.

Is your status intact? In 2011 the IRS cracked down on 275,000 tax-exempt organizations which had not fulfilled their filing obligations for the past three years. In Florida, more than 200 schools had their status revoked.

Kaufman, Rossin's tax exempt organization team can assist organizations in understanding their current status, filing requirements, and (if necessary) steps to get back into compliance.

Are you using your funding efficiently? Mission-driven organizations may miss opportunities for better operational performance, or even put themselves at risk for compliance or security issues. You may be focused so intently on your goals or your funding issues that you neglect areas that should be addressed.

Our business advisory services team can help. Whether you are struggling to turn risk into opportunity, looking to raise the bar on performance, or considering the implementation of new technology, our professionals have a wealth of experience to offer.