In today's world, not-for-profit organizations face the unique challenges of declining corporate and individual contributions, reduced government assistance, increasing grant compliance requirements, continually changing government regulations, and accounting standards that require a greater degree of accountability. In order to fulfill their objectives and survive in the future, tax-exempt organizations need to adopt a businesslike approach in dealing with these issues.

At WS+B, we can help you survive—and succeed—in the not-for-profit environment. In addition to traditional accounting, auditing and tax services, we offer a full range of not-for-profit business advisory services designed to increase your revenues, improve operating efficiencies and reduce expenditures. We can assist you in meeting your objectives with:

• Strategic Planning - developing forecasts and business plans, reviewing accounting/bookkeeping needs and attending board/executive committee meeting and retreats
• Investment Analysis - guiding you in developing reports and analyses that allow you to benchmark performance against board-developed investment goals
• Compensation and Benefit Planning - facilitating the development and enhancement of benefit programs to keep and attract talented individuals
• Tax Planning - completing or reviewing applications for exempt status and providing guidance in identifying UBTI, compensation and other potential tax issues
• Technology Consulting - conducting a needs analysis to identify your hardware and software requirements and recommend solutions for improved efficiency
• Financial Consulting - performing internal control and financial systems studies that will help you identify potential areas of improvement, monitor compliance with appropriate state and federal regulation, and provide enhanced monthly financial information to meet the needs of your organization and board of directors
• Board and Management Development - training focused on financial and compliance requirements

For more than 25 years, WS+B has been assisting not-for-profit organizations in cost-effectively reaching their goals. Our extensive experience and broad range of not-for-profit clients include national and local based organizations with annual revenues from under one million to multimillion-dollar entities. Our clients serve a wide variety of community needs and interests, including education, religion, social causes, the arts, foundations and trade associations.

Our not-for-profit specialists have extensive experience with audits conducted in accordance with government auditing standards (Yellow Book)/single audit (OMB Circular A-133) as well as with State of New Jersey Department of Education rules and regulations. We also assist not-for-profit clients involved in real estate/housing for low income, handicapped and elderly individuals, which requires audit reports to be filed under HUD regulations.

In addition, through our experience in service engagements and our own participation on many not-for-profit boards of directors, we are sensitive to board/staff issues that may create unique situations. At WS+B, we'll provide you with the financial expertise and professional advisement you need to remain focused on your organization's primary mission.

Contacts:

New Brunswick:
Richard Cohen, CPA
rcohen@withum.com

Jim Decker, CPA
jdecker@withum.com

Maureen M. DeCicco, CPA
mdecicco@withum.com

Joyce Mayeresky, CPA
jmayeresky@withum.com

Jim Mulroy, CPA
jmulroy@withum.com

Joe Scudese, CPA
jscudese@withum.com

Ruben Cardona, CPA
rcardona@withum.com

Princeton:
Tony Chapman, CPA
tchapman@withum.com

Red Bank:
Bill Cadmus, CPA, PSA
bcadmus@withum.com

Morristown:
Marietta Bennett, CPA
mbennett@withum.com

Cherry Hill:
Richard Cohen, CPA
rcohen@withum.com