Accounting & Advisory Services for Nonprofit Organizations
At SEK, we understand the unique pressures and scrutiny nonprofit organizations face, which differ significantly from those encountered by traditional business entities. Our dedicated nonprofit team brings firsthand insights into your daily challenges and opportunities, and are deeply embedded in the sector through active board participation in social services, the arts, foundations, and more.
Leveraging our extensive experience from partnering with more than 400 diverse nonprofit clients, SEK offers training and innovative solutions tailored to the nonprofit community. We provide actionable advice to foster growth and spark new ideas for organizations, including:
- Child and family services
- Health and welfare organizations
- Health systems, including Federally Qualified Health Centers (FQHCs)
- Cultural institutions
- Community service organizations
- Colleges and universities
- Foundations
- Mission-based groups
- Churches and arts organizations
Empowering Your Mission with Financial Expertise
Nonprofit Audits
SEK provides independent financial statement audits for nonprofit organizations of all sizes—from small community-based organizations to large regional nonprofits with complex programs and multiple funding sources. Our auditors are experienced with ASC 958 (nonprofit accounting standards) and apply those standards to produce clear, accurate financial statements. For nonprofits that receive significant federal funding, a Single Audit is required under the Uniform Guidance. SEK's Single Audit team ensures compliance with federal program requirements and helps organizations address and resolve findings.
Form 990 Preparation
The Form 990 is one of the most important documents a nonprofit produces—it's publicly available and serves as a critical tool for demonstrating accountability to donors and the public. Our team prepares accurate, complete 990s and helps organizations understand and communicate their financial story effectively.
Unrelated Business Income
We help nonprofits identify activities that may generate unrelated business income (UBI), determine the resulting unrelated business taxable income (UBTI), and develop strategies to manage potential tax exposure while protecting the organization’s tax-exempt status.
Governance
Strong internal controls and governance practices are essential for maintaining donor trust and protecting the organization from fraud and mismanagement. SEK helps nonprofit boards understand their financial oversight responsibilities and strengthens control environments.
Comprehensive Services Designed for Nonprofit Excellence
Delivering an array of services tailored to the specific needs of nonprofit organizations, we assist our clients in achieving their strategic objectives:
Compliance & Assurance Services
- Tax and Tax-Exempt Status Management: Maintain tax-exempt status and optimize tax strategies for your organization.
- Audit Committee Training and Internal Controls Evaluation: Strengthen governance with specialized training and internal control assessments.
- Grant Application Management and Federal Grant Reporting Assistance: Streamline grant applications and ensure accurate reporting for federal funding.
- Indirect Cost Rate Analysis for Federal Grants: Maximize cost recovery with detailed indirect cost rate analysis.
- Employee Benefit Plan Audit: Maintain compliance with ERISA regulations and provide assurance that your benefit plans meet all legal requirements.
Financial & Operational Consulting Services
- Cash Flow Projection Preparation and Analysis: Enhance your financial planning with accurate cash flow projections and insights.
- Strategic Organizational Planning: Drive your nonprofit’s mission with forward-thinking, long-term strategies.
- Board Member Collaboration and UBIT Management: Collaborate effectively with your board while managing Unrelated Business Income Tax obligations.
- Retirement Plan Design and Administration: Attract and retain top talent with tailored benefit plans.
- Outsourced CFO & Accounting Services: Gain expert financial leadership without the overhead of a full-time CFO or Controller.
- QuickBooks/Sage 50 Consulting: Optimize your financial software for efficient accounting and reporting.
- Human Resources Consulting: Tailored consulting services to improve HR functions that address nonprofit-specific needs.
- Budget Consulting: Create realistic, mission-driven budgets to support long-term sustainability.
Why Choose SEK?
With extensive experience serving nonprofit organizations, SEK understands the unique challenges facing the sector. As a proud business partner of the Pennsylvania Association of Nonprofit Organizations, we are connected to a statewide network of more than 900 nonprofit members. This affiliation helps us deepen our understanding of the nonprofit sector, stay informed on emerging challenges and opportunities, and provide insightful guidance that supports our clients and the communities they serve.
We also offer regular content on our blog and an annual nonprofit webinar, designed to equip you with knowledge on current issues and trends affecting the sector.
If you’re ready to navigate the complexities of nonprofit management with a partner who truly understands your needs, contact us today to explore how our advisory services can empower your organization to achieve its mission while maintaining integrity and transparency.
