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Not-For-Profit and Education

I am always confident in having your expertise as our auditors as I know you cover every detail and keep us always moving forward and on the right track. As you know, we take great pride in our agency and always doing the best possible in all areas, and knowing we have such vigilant auditors always provides us with confidence for when we have our bigger state audits, as I know we are in good shape and everything is in order according to rules and regulations.
— Kathy Solana, Executive Director, SEARCH Day Program
We look forward to being able to continue to rely on Withum’s counsel and advice as we seek new and better ways to deliver our products and services to our customers. It is a pleasure to work with a Firm that understands and shares our values.
— David M. Schreck, Executive Director, Community Loan Fund of NJ, Inc.
I can honestly say that during my 35-year professional career, I have not once written a letter to an accounting firm to sing the praises of the lead accountant on an auditing team—until now. My accountant not only worked on site with my team to ensure that our accounting procedures and policies were all in order, but he also assisted in developing the internal capacity for effective implementation to continue in his absence. He is the kind of professional that any organization would want to have on their team.
— Ross Danis, Ed.D, President & CEO, Newark Trust for Education
We are highly impressed by the unmatched level of professionalism, high quality of service and an exceptional degree of responsiveness of Withum to our business needs.
— Nilda Ruiz, President & CEO, Asociación Puertorriqueňos en Marcha

pdf-downloadDownload Not-For-Profit and Education Fact Sheet

Experience In The Not-For-Profit and Education Industry

Withum’s Not-For-Profit and Education Services Group provides services to over 800 not-for-profit entities including community-based and community development organizations operating on a local and national level, public and private foundations, associations, health care facilities, social service agencies, faith-based organizations, schools and other educational institutions (both for-profit and not-for-profit) and a variety of other not-for-profit organizations. Working with clients whose annual revenues range from under $1M to over $100M enables us to effectively serve your organization no matter the size. We understand the pressures from tightened budgets and declining contributions, identifying and fulfilling grant compliance requirements in order to maintain accountability and keeping up with changing corporate compliance requirements, government regulations and accounting standards. Our client-focused philosophy means we share in your vision; a goal-oriented approach that delivers expertise, efficiency and innovation to meet the unique needs of each client.

Services For The Not-For-Profit and Education Industry

Auditing And Reporting

Our Not-for-Profit specialists have extensive experience with audits, including those conducted in accordance with government auditing standards (Yellow Book), those performed in accordance with Uniform Guidance (single audit), GASB and those with HUD regulations. Our depth of experience in performing audits for federal, state and local governments provides us with additional insight into their expectations of the not-for-profits they oversee—an insight very few other accounting firms can offer.

Tax Planning And Preparation

Our tax professionals work closely with the audit staff in the preparation of state charitable information returns and Federal Form 990s. We provide guidance and planning on hot topics, such as Unrelated Business Income Tax (UBIT), compensation compliance, related party transactions and other potential problematic tax issues.

Board Governance And Risk Management

Not-for-profit organizations are particularly sensitive to the evolving legislative environment. Our team of specialized experts, in corporate governance and internal controls, has helped many leading organizations mitigate risk and improve efficiencies.

Additional Services

Withum offers a full range of business advisory services designed to improve operating efficiencies, such as:

  • Assisting management in developing forecasts and business plans, reviewing accounting/bookkeeping needs and attending board/executive retreats.
  • Facilitating the development and enhancement of benefit programs to retain and attract talented individuals.
  • Providing introductions to our established relationships in the banking, legal and financial communities.
  • Providing added insight to those agencies operating grants and contracts. Our professionals have hands-on experience working with administrative regulations and cost principles; grant and contract accounting and reporting requirements; compliance matters; cost allocation and indirect cost applications; and other applicable requirements.

Professional Updates

Our Firm is focused on providing value-added services and keeping our clients up-to-date on new accounting developments, laws and regulations and other pertinent industry topics through e-Flashes, quarterly newsletters and semi-annual CPE seminars.

About Our Professionals

Our Not-for-Profit and Education Services Group includes not only Certified Public Accountants (CPA) but also other credentialed Certified Government Financial Managers (CGFM), Licensed Public School Accountants (PSA), Certified Fraud Examiners (CFE), and Registered Municipal Accountants (RMA). Our specialists maintain their knowledge of government regulations and the ‘Yellow Book’ requirements through completion of mandatory annual CPE. Our professionals actively participate in various professional societies and industry related associations and serve on many not-for-profit boards which provides valuable insight from the “other side of the table.” Withum supports charitable community efforts and the efforts of many of our clients by participating in their respective events.

WithumSmith+Brown believes that to be a great company, we must all strive to be great citizens in the communities in which we live and work. It’s a goal that is written in our mission statement…and we take this very seriously.

See Our Withum Staff in Action.

Withum’s Not-for-Profit and Education Services Team is a member of:






Our Team

Catherine Bendall
Catherine Bendall
James J. Decker
James J. Decker
James P. Mulroy
James P. Mulroy
CPA, PSA, CGFM, CGMA, Partner 732-828-1614
Brad Caruso
Brad Caruso
Joseph J. Perez
Joseph J. Perez
The information contained herein is not necessarily all inclusive, does not constitute legal or any other advice, and should not be relied upon without first consulting with appropriate qualified professionals.