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Leaders in the nonprofit sector face an increasingly challenging landscape— tight revenue streams, limited resources, and an ever evolving regulatory environment.
That’s why they turn to the professionals at Friedman LLP, who empower them with the highest level of technical expertise in accounting for nonprofit organizations. Perhaps equally important, they also know that Friedman’s professionals have the "heart" to serve the nonprofit community.
Our goal is to help you fulfill your mission. To that end, we:
We serve more than 200 nonprofit clients, both large and small. These organizations focus on an array of issues, ranging from social advocacy to human services to the arts, among many others.
As a firm and as individuals, we are deeply committed to making a difference in the communities in which we live and work. We encourage our partners and professionals to become actively involved in the nonprofit of their choice, serving on Boards and committees. Our Friedman Cares initiatives support a variety of local, state and national charities.
Please see the Service Menu for specific information on the customized mix of assurance, tax and consulting services offered by our nonprofit accounting services practice. If you seek a professional services firm that not only knows your sector, but is committed to making a difference, please contact us or a member of the nonprofit team.
To our nonprofit accounting clients throughout New York, New Jersey, Pennsylvania and beyond, we provide the highest level of technical expertise in issues critical to the nonprofit arena. Services include:
Audit and Assurance
Tax Services
Management Consulting
Our nonprofit advisors are passionate about providing you with expert tax and accounting services to help you achieve your mission and powerfully impact the communities you serve. Hear first-hand from some of our valued clients.
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"This was our first year working with Friedman and the entire process was professional, efficient, organized and all done in a timely manner." -- Senior Accountant, Nonprofit Organization
"Your assistance during COVID exceeded all expectations. My engagement partner is an amazing person as well as a super knowledgeable accounting authority." -- Business Manager, Nonprofit Music Education Organization
"We are very happy with our auditing services. Keeping the manager but changing the team allows us to have fresh eyes while not having to start at zero every year." --Caren Fitzpatrick, Senior Director of Finance & Administration, Meet AC
Friedman LLP and The Giving Block have teamed up for an informative webinar focused on Nonprofit Fundraising in the digital age....
Read moreJoin Friedman LLP and The Giving Block for a webinar focused on Nonprofit Fundraising in the digital age. During the...
Read moreJoin us for an informative webinar on two new Accounting Standards Updates (ASU) and their impact on the financial statements...
Read moreEven before the onset of the global pandemic, before the rise in remote workforces, and before the associated uptick in...
Read moreFriedman LLP and The Giving Block have teamed up for an informative webinar focused on Nonprofit Fundraising in the digital age....
Read moreEven before the onset of the global pandemic, before the rise in remote workforces, and before the associated uptick in...
Read moreIn 2016, the Financial Accounting Standards Board (“FASB”) introduced new lease accounting rules with the publication of ASC Topic 842 (“the...
Read moreThe American Rescue Plan Act (ARPA) of 2021 extended the CARES Act Employee Retention Credit (ERC) through December 31, 2021...
Read moreBack to Basics, Friedman’s series focusing on nonprofit organizations’, frequently asked questions, has previously covered nonprofit accounting and financial reporting. In...
Read moreOn June 11, 2021, the Department of Health and Human Services (“HHS”) released an updated notice regarding the reporting requirements...
Read moreDiscover valuable resources to fortify your nonprofit organization against the challenges of today's ever changing tax and accounting environment by...
Read moreIn an effort to centralize evergreen content for easy reference by the nonprofit community, Friedman is consolidating material from past...
Read more2021 FAQs for Nonprofit Accounting: Internal Controls, Functional Expenses and Donor Records In an effort to centralize evergreen content for easy reference...
Read moreOne of the many sources of support to come from the Coronavirus Aid, Relief, and Economic Security (CARES) Act is...
Read moreCOVID-19 has had a vast and varied impact on our economy. Unfortunately, in many ways nonprofits are bearing the brunt...
Read moreAccess this full nonprofit webinar recording, geared toward helping you successfully navigate this new, and evolving, nonprofit landscape. Our expert advisors shared insights on: Year-End Tax...
Read moreBeyond business closures, widespread unemployment and entire industries staggered by depressed spending, savvy boards and owners are carefully tracking an...
Read moreDisaster relief provisions are traditionally triggered when forces of nature are unleashed-- such as, a severe storm causing flooding, landslides...
Read moreOur experts shared essential guidance to help you navigate and implement financial reporting changes. Topics included: Details on the new revenue recognition...
Read moreDue to the far-reaching economic impact of the COVID-19 pandemic, many nonprofit organizations have turned to the emergency funding streams...
Read moreAccess the live recording of our virtual webinar where our nonprofit experts answered frequently asked questions in light of COVID-19,...
Read moreIndustries across the world are being forced to alter operations, adopt new policies or apply for relief programs following the...
Read moreThe Internal Revenue Service (“IRS”) recently introduced several changes that could have a material impact on not-for-profit organizations in 2020...
Read morePresident Trump recently signed into law a government funding bill that repeals Sec. 512(a)(7). Prior law required that tax-exempt organizations...
Read moreThe passage of the Taxpayer First Act (“TFA”) in 2019 redefines some of the IRS’ processes and structure, with the...
Read moreThis edition of Nonprofit Advisor delivers an attorney’s insights on representing clients whose revenue streams have come under Internal Revenue...
Read moreAccording to a recent Fidelity Investments report, a relatively low percentage (36%) of donors understand the fundamental principles of donor...
Read moreMissed our recent webinar on the New Nonprofit Reporting Standards? Don't worry, you can still tune into the webinar to tap into valuable...
Read moreYour nonprofit's mission is too valuable to be impeded by speed bumps in the new accounting pronouncements. Our nonprofit tax and accounting...
Read moreEquifax. Yahoo. Marriott. Large scale data breaches only affect large, well-known, for-profit organizations, right? Unfortunately, as The Utah Food Bank...
Read moreToday’s diamond industry is fraught with ever-growing challenges, including those associated with transparency, privacy, traceability, compliance and trust. Compliance costs...
Read moreWatch this exclusive video featuring Jonathan Curry-Edwards, CPA on ways to help you maximize the tax benefits of your charitable contributions. Read the Transcript It’s...
Read moreOf all the changes in the new nonprofit financial reporting standard (ASU 2016-14), the Nonprofit Liquidity Disclosure has drawn the most...
Read moreThe new revenue recognition guidance, issued by the Financial Accounting Standards Board, takes effect for fiscal years beginning December 15,...
Read moreJoin Nonprofit Director, Sarah Avery for an exclusive on-demand webinar addressing tax laws surrounding private foundations. The webinar will cover critical topics including: Applying for...
Read morePrevent unwelcome surprises when filing 2018 returns with must-know details on the changes impacting the Unrelated Business Income Tax ("UBIT")...
Read moreAmish Mehta, Partner and Nonprofit Practice Leader and Denise McKnight Partner in Friedman's Philadelphia office led an exclusive training session on...
Read moreA nonprofit doesn’t need to be in “crisis mode” to consider the benefits of a collaboration or merger. Sometimes, the...
Read moreSince January 2016, cyber security incidents in Kindergarten through 12th grade public schools across the United States are up 223%...
Read moreDonors want to know how the Tax Cuts and Jobs Act will impact their taxes and affect their donations to...
Read moreNonprofits may suffer immensely from the impact of the new 2017 tax law. as The Tax Policy Center “expects giving...
Read moreLiving in the peak of digital existence makes Warren Buffet’s timeless quote more appropriate than ever, "It takes 20 years...
Read morePennsylvania Act 71, signed by Governor Tom Wolf into law on December 22, 2017, raises the contribution thresholds at which...
Read moreThe “Tax Cuts and Jobs Act,” signed by President Trump on December 22, 2017 includes three sweeping tax law changes...
Read moreDonors and policymakers have become increasingly systemic in their consideration of nonprofit endowment management. Whereas the more traditional approach...
Read moreFriedman LLP’s Mike Greenwald shares insights in Long Island Business News in an article about “The Consequences of Saying ‘No’...
Read moreKnowing the best steps to take in order to secure your nonprofit’s longevity can be daunting in an ever-changing tax...
Read moreHiring a nonprofit consultant to execute and amplify your organization’s philanthropic initiatives may seem like a no-brainer. However, subpar fundraising...
Read moreCPA Practice Advisors spotlights the Friedman Share to Care Social Giving Campaign in support of nonprofit client, Urban Arts Partnership....
Read moreIn the aftermath of the devastation caused by Hurricanes Harvey, Irma and Maria alongside earthquakes in Mexico, many rush to...
Read moreAs charitable organizations continue to struggle to raise funds in support of their mission, some of which still haven’t recovered...
Read moreThe potential impact of tax reform proposals by the Congressional House Ways and Means Committee and the Trump Administration has...
Read more“Capacity building” is a broad term which is in vogue among non-profit organizations. In a nutshell, capacity building refers to...
Read moreIt’s a year after implementation of the Uniform Guidance, which was effective for all federal awards provided after December 26,...
Read moreMost organizations exempt from tax under Internal Revenue Code (“IRC”) Section 501(a), including charitable, religious, scientific, and other organizations described...
Read moreEvery nonprofit board in America has had a conversation similar to this at least once: -Board Member #1 – “We have...
Read moreThe current political climate has landed tax advisors in an unpleasant quandary, forcing them to be the bearer of both...
Read moreAs we begin 2017, many non-profits are entering the year with a level of uncertainty about how the upcoming changes...
Read moreWith the President-elect now officially confirmed through the Electoral College vote and expected to take office on January 20, 2017,...
Read moreSince the reporting requirements for 403(b) plans changed in 2009, our audits have uncovered certain common deficiencies. In this article,...
Read moreAmid mounting concerns over cybersecurity, social media scrutiny and reputational risk, it is crucial that not-for-profit organizations (“NFP’s”) have good...
Read moreIn August of 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-14, “Presentation of Financial...
Read moreIt was recently reported that the Schlichter Bogard law firm filed lawsuits against NYU, MIT, Yale, Duke, Vanderbilt, Johns Hopkins,...
Read moreOn May 18, 2016, the Department of Labor (DOL) announced the Overtime Final Rule. Since then, volumes have been written...
Read moreTo help you better understand the Form 990, and as a follow-up to last month’s Nonprofit Advisor article on marketing considerations,...
Read moreAs most exempt organizations know all too well, preparing federal tax Form 990 can be a time consuming and complicated...
Read moreFor nonprofit board members and senior managers, creating a performance dashboard is a beneficial tool to help their organization meet...
Read moreFriedman’s Amish Mehta, Not-for-Profit Practice Leader, and Peter Manzetti, Director of Governance, Risk, and Compliance Services, presented this Guidestar webinar...
Read moreAt a time when digital and social marketing is becoming an essential component of overall advertising strategy, nonprofit organizations often...
Read moreFinancial Accounting Standards Board issues simplified revenue recognition guidance effective for annual reporting periods after December 15, 2018. How will this...
Read moreIn 2013, Guidestar, BBB Wise Giving and Charity Navigator, three of the leading sources for information on nonprofit organizations, joined...
Read moreFor busy nonprofit business leaders and board members, a seemingly endless stream of reports, meetings, emails, phone calls and text...
Read moreCharitable organizations continue to be subjected to increasing scrutiny by the public and by the Internal Revenue Service (“IRS”). In...
Read moreIf you have ever served as a board member to a nonprofit organization, you probably know the rewards, as well...
Read moreAmish Mehta, Friedman LLP partner and not-for-profit practice leader, sat down with The Street to discuss charity fraud.
Read moreThe Financial Accounting Standards Board ("FASB") issued an exposure draft on April 22, 2015 proposing sweeping changes to the not-for-profit financial reporting model encompassing liquidity, cash flows, operating results, expense reporting and other disclosures intended to enhance comparability between nonprofits. But changing a model that professionals, management, and other users have become accustomed to may shake up the not-for-profit reporting world for financial professionals.
Read moreWhen it comes to not-for-profit organizations and their retirement plans, enterprise-wide governance and internal controls are critical considerations for senior executives. The ultimate goal is to create and administer retirement plans that offer employees viable savings opportunities and that comply with Internal Revenue Service and Department of Labor regulations. What factors should be considered as you strive to achieve that goal?
Read moreOne of the more difficult reporting issues facing not-for-profit organizations is the classification of net assets between unrestricted, temporarily restricted, and permanently restricted categories. These categories are based on the existence or absence of donor-imposed restrictions, and are defined in the accounting standards under FASB ASC 958-210-20. Readers rely on these classifications to determine what assets have external purpose or time restrictions or to put it simply, what assets are spoken for and what assets are available for use. While this net asset reporting model has been around for quite some time, challenging classification issues and reporting pitfalls still exist.
Read moreOMB Circular A-133 requires higher education and nonprofit institutions that expend a specific threshold of federal funds to annually undergo...
Read moreAs the world continues to get smaller and as more and more taxpayers want to see the instant benefit that their...
Read moreThis past October, the Friedman LLP team was a first-time sponsor at the 2014 BoardSource Leadership Forum (BLF) held in Washington, D.C. The annual two-day conference was attended by BLF members from around the United States, which included nonprofits' board members, chief executives, staff and professionals. BoardSource's mission is dedicated to the advancement of the public good by building exceptional nonprofit boards who will aspire to quality board service.
Read moreEncompassed in sweeping tax reform changes proposed by the Committee on Ways and Means and the Senate Committee on Finance...
Read moreGiven the challenging economic times we find ourselves in, many nonprofit organizations are questioning whether to hire a professional fundraiser to supplement their own fundraising efforts. Often the perception is that professional or paid fundraising campaigns are expensive and only for the larger nonprofit organizations. So, does size really matter, and when does it make sense for a charity to work with a professional fundraiser?
Read moreGuideStar, a public charity that provides unbiased information about nonprofits, is one of the nation's most visible advocates for advancing nonprofit transparency.
Read moreFriedman LLP Partner and Director of the Not-For-Profit Services Group Amish Mehta was recently interviewed by AccountingToday.com Editor-in-Chief Michael Cohn for the site's Podcast.
Read moreThe Committee of Sponsoring Organizations (COSO) is a joint initiative of five private sector organizations that is dedicated to improving organizational governance through the development of frameworks and guidance on risk management, internal control and fraud deterrence.
Read moreAccording to the IRS, tens of thousands of nonprofit organizations have their tax-exempt status revoked every year.
Read moreThe practice of philanthropy has played an enormous role in the building and promoting of education, religion, social welfare, the arts and charitable institutions.
Read moreEarlier this year, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2013-06, "Not-for-Profit Entities (Topic 958)...
Read moreIf you haven't already taken steps toward compliance with the next wave of Affordable Care Act requirements, now is the time to do so.
Read moreIncreasingly, globalization is impacting the tax-exempt sector's activities including fundraising, grantmaking and investing.
Read moreJoin Friedman LLP and The Giving Block for a webinar focused on Nonprofit Fundraising in the digital age. During the...
Read moreJoin us for an informative webinar on two new Accounting Standards Updates (ASU) and their impact on the financial statements...
Read moreJoin Friedman's Amish Mehta, CPA, Partner, Nonprofit Practice Leader, at this year's AICPA and CIMA Government and Not-for-Profit Training Program, where he will...
Read moreDiscover valuable resources to fortify your nonprofit organization against the challenges of today's ever changing tax and accounting environment. Tune into...
Read moreThis year, the economic disruption brought about by the global pandemic has affected virtually every industry. Nonprofits and their donors...
Read moreJoin Friedman LLP and The Giving Block for a webinar focused on Nonprofit Fundraising in the digital age. During the program,...
Read moreJoin Friedman for a live, virtual webinar where our nonprofit experts will answer frequently asked questions about adapting practices, qualifying...
Read moreFriedman is proud to sponsor the Women in Nonprofit Leadership Conference! The goal of the conference is to bring together women...
Read moreFriedman LLP is proud to be a sponsor of the Nonprofit Leadership Breakfast Series event, "Optimizing the Use of Technology to Drive...
Read moreFriedman LLP is hosting an exclusive webinar in collaboration with Firespring. Join host, Nonprofit Practice Leader Amish Mehta as we examine how...
Read moreDenise McKnight, CPA, Partner at Friedman LLP will present a training session on everything you need to know about the...
Read moreJoin Friedman LLP and U.S. Trust for a dynamic discussion covering the latest information on tax reform and its impact...
Read moreFriedman LLP is a proud sponsor of the 2018 Women in Nonprofit Leadership Conference. The ever-evolving management structure in the...
Read moreNumbers tell the story when it comes to surviving the mounting pressures nonprofit leaders face when proving that they are...
Read moreFriedman LLP is hosting an engaging discussion on leading questions that are dominating the nonprofit sector. Industry thought leaders answer...
Read moreFriedman LLP is hosting an exclusive webinar in collaboration with Firespring. Join host Nonprofit Practice Leader Amish Mehta as we...
Read moreOn October 20th Sarah Avery, CPA, Director in Friedman LLP’s Nonprofit Practice will be co-hosting a webinar on the best...
Read moreFriedman is a proud platinum sponsor of ‘The Right Notes: Wine Tasting Benefit’. Guests will convene for an evening of...
Read moreFriedman is a proud sponsor of the Hopeworks Annual Dinner! Hopeworks empowers today’s youth to earn a sustainable living by...
Read moreAmish Mehta and Denise McKnight will present a training session on everything you need to know about the new financial...
Read moreSarah Avery, Director in Friedman’s Not-for-Profit Practice, will moderate at the next Association of Fundraising Professionals – New Jersey chapter...
Read moreFriedman LLP is proud to be presenting and exhibiting at the 2015 annual New Jersey Non-Profit Conference. Join us to...
Read moreFriedman LLP is proud to be speaking this year at the Boardsource Leadership Forum on November 9-10 in New Orleans. Amish...
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