Country / Language

Not-for-Profit and Education

 LEADERSHIP

 Kelly A. Frank
 CPA, Partner, Not-For-
 Profit And Education
 Industry Practice Leader

 Practice Brochure

 View and download
 the practice brochure.

 Sign up for CohnReznick
 newsletters
, including
 the Nonprofit Advisor.

 
Read our Not-for-Profit and Education Blog

A not-for-profit organization is defined in the public eye by its mission. But successfully fulfilling that mission requires careful financial stewardship, risk management, and the scrupulous internal controls and compliance that will stand up to scrutiny by donors and other observers.

The members of CohnReznick's Not-for-Profit and Education Practice specialize in working closely with the boards and management of these organizations so that they have a best-practices approach to their critical financial and operational functions. In addition to the standard array of tax and accounting services, we help not-for-profits identify cost and workflow inefficiencies, implement appropriate internal controls, and manage capital and planned giving campaigns. We have particular expertise in helping the following organizations:

  • New FASB Standard on Not-for-Profit Financial Reporting (ASU 2016-14): This much-anticipated new guidance was issued last August, and is intended to enable not-for-profit organizations to tell their financial story more fully by changing the way all not-for-profits must classify net assets and prepare financial statements.

  • Social service and charitable agencies: We help these entities leverage their governance and internal controls to improve organizational efficiency, assess proposals for supporting community and educational programs, and develop strategic plans to strengthen long-term viability.

  • Professional associations: We work with professional associations to identify alternate revenue sources, integrate technology to enhance operational efficiency, recruit financial personnel and develop new strategies to provide value to their members.

  • Foundations: Foundations play a critical role in the not-for-profit ecology. We assist them in navigating the complex regulatory changes affecting them; implementing practices to improve corporate governance, accountability and standards for giving; and balancing financial and philanthropic objectives.

  • Educational institutions: We work with independent schools, colleges and other institutions to give them the tools they need to manage their endowments, improve financial efficiency and optimize tax structures with the benefit of reliable internal controls.

  • Religious organizations: We help these organizations develop strategic plans to best meet their humanitarian goals and objectives, maximize real estate assets, strengthen cash flow management and create planned giving strategies.

 

Upcoming and Recent Events

Articles of Interest


Videos and Webinars

Search Our People

Search Our People

Look ahead. Gain insight. Imagine more. Is your business ready to break through?

View our new TV commercial..

Industry Outlooks

Industry Outlooks

Gain insight into what is ahead for the Commercial Real Estate, Technology and Middle Market Private Equity industries.

READ MORE

Learn about our upcoming events.

READ MORE

Working With Us

Working With Us

What makes CohnReznick different from others in our profession? And what should our clients come to expect when working with us? The answer is The CohnReznick Advantage. Contact us to learn how we can out the CohnReznick Advantage to work for your business.


People

The value of an organization is determined by the skills and qualities of its leaders. With more than 280 partners serving clients nationwide, CohnReznick is renowned for the diverse experiences, knowledge and backgrounds of its leadership.

Learn More

Services

We align our services in three segments: Accounting and Assurance, Tax, and Advisory. This approach allows us to provide holistic solutions to complex business problems and to seize upon opportunities requiring an integrated approach.

Learn More

Industries

Accounting and tax issues different significantly based on an organization's industry. We provide clients with expertise in nearly two dozen industries – we know the opportunities, the obstacles, the competitive landscape.

Learn more

Insights

CohnReznick professionals are thought leaders in their industries. Clients benefit from relevant and timely economic, legislative and industry insights that can keep them a step ahead of competition.

Learn More

Global Reach

Our involvement in the Nexia International network of firms enables us assist our clients wherever they do business-providing local expertise and connections wherever they needed. Nexia is comprised of 20,000 professionals operating in over 100 countries.

Learn More