Education Services

As the education sector continues to navigate challenges related to enrollment management, cybersecurity, compliance, governance, financial reporting and technology modernization, our professionals deliver tailored advisory, tax and accounting solutions designed to strengthen operations, mitigate risk and support institutional growth.

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Withum is a trusted advisor to educational institutions across the country, providing specialized services to K-12 schools, charter schools, colleges and universities, independent schools and non-traditional learning organizations. Explore some of the key services we provide to help education organizations achieve their strategic goals and fulfill their mission.

Education Challenges and Trends 

Education institutions are navigating a rapidly changing landscape shaped by shifting student demographics, financial pressures, evolving technologies and increased regulatory demands. To remain competitive and mission-focused, education institutions must adapt to new challenges while balancing long-term sustainability and growth.

Enrollment and Demographic Shifts 

Increased enrollment pressures are being driven by changing demographics and evolving workforce demands. Withum works with leadership teams to assess financial and operational impacts, develop sustainable budgeting strategies and strengthen institutional decision-making through strategic advisory services.

Financial Management and Risk Services 

Educational institutions are balancing rising operating costs, regulatory compliance requirements and increasing stakeholder scrutiny. Withum works with educational institutions to provide valuable consulting offerings, including cash flow management, enterprise risk management, IT risk assessments and developing sustainable strategies to support long-term growth and mitigate risk.

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Market Consolidation and M&A Activity

Withum provides merger and integration advisory services throughout the transaction lifecycle, including due diligence, financial and operational assessments and regulatory compliance planning. We help institutions navigate complex transformations while minimizing disruption to students, faculty and stakeholders.

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College Athletics and NCAA Considerations 

The college athletics landscape is evolving as institutions respond to changes in NCAA compliance requirements. Our team assists with NCAA agreed-upon procedures and compliance assessments to help support transparency and compliance.

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Education Accounting and Advisory Services

Advisory

Mergers, Acquisitions and Integrations
Cybersecurity
Data Analytics and Business Intelligence
Outsourced CFO / Controller Services
Outsourced Accounting and Staff Augmentation
Enterprise Risk Assessment and Board Governance Advisory

NCAA Agreed-Upon Procedures
ERP and Technology Implementation
Board Training and Education
Higher Education Winddown and Dissolution
AI Adoption and Implementation
Lease and SBITA Calculations

Accounting

Auditing and Reporting, including FASB and GASB reporting
Single Audits in accordance with 2CFR200 and local state regulations

ERISA Audits and Compliance
Internal Audit

Tax

Tax Compliance, including 990, 990T, International Reporting and SALT (State and Local Tax) Services

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Case Study: Delivering Merger Integration Advisory Services for a Public University Merger

Executive Summary The merger of two public universities required the seamless integration of financial operations, technology platforms, compliance obligations and governance structures with the added pressures of ensuring there were no disruptions for students, faculty, staff and vendors. Withum’s Not-for-Profit and Education Services Team was engaged to provide merger integration advisory services, helping leadership navigate…

Cybersecurity for Schools: Protecting K-12 Institutions from Rising Threats 

In recent years, cybersecurity for schools has become a critical concern as K-12 educational institutions have become prime targets for cybercriminals, leading to significant disruptions in educational services and compromising sensitive data. A recent report by the Center for Internet Security (CIS) reveals a concerning trend: 82% of K-12 schools experienced a cyber incident between…

SBA Updates FAQs for Loan Necessity Questionnaires

Share On December 9, 2020, the SBA posted final versions of Forms 3509 and 3510 on the Treasury website, along with a new question and answer (FAQ #53) to its running list of FAQs. These forms have been and will be sent to all PPP borrowers whose loan size, together with its affiliates, is $2…

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Case Study 

Learn more about how Withum partnered with two higher education institutions to address strategic, financial and operational challenges in this featured case study.

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Active Members of Education Associations

Withum’s Not-For-Profit and Education Services Team is an active member of national and local centers of influence.

Connect with Our Leaders

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Lauren A. Naples

Partner

Red Bank, NJ

Steven J. Cohen

Partner

Braintree, MA

Zachary Laflash

Partner

Braintree, MA

Michelle A. Sullivan

Partner

Buffalo, NY

Ryan E. Caster

Partner

Buffalo, NY

Michael J. Schoell

Partner

Buffalo, NY

Vicki Raivitch

Partner

Philadelphia, PA

Brian Page

Partner

Philadelphia, PA

Amanda Romond

Partner, Team Leader, Foundations

Princeton, NJ – Corporate Headquarters

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