We have experience with a variety of not-for-profit organizations including: educational not-for-profits, neighborhood crime prevention associations, museums, cultural arts associations and governmental agencies. Our comprehensive experience has allowed us to render service in connection with both state and federal grants and compliance issues on those grants.
We have performed project audits on a variety of state and Pennsylvania grants. For organizations receiving government funding, we have performed audits since 1991 under Government Auditing Standards (Yellow Book), the Single Audit Act and Uniform Guidance Audits, and Pennsylvania Department of Community and Economic Development (DCED) regulations, as required. Our professionals work with our clients to ensure that their relevant legal, regulatory and contractual requirements are satisfied.
At Isdaner & Company, we work in tandem with your board of directors and management team to help you meet your goals.
Typical nonprofit clients are cultural arts institutions, museums, parks, and service providers with a budget of $5 million plus that are in need of an audit and tax preparation. We also serve foundations. Typical governmental agency clients are unions, associations and community and economic development agencies. These agencies budgets are in the $10 million range.
Our seasoned team of professionals have worked with hundreds of nonprofits, foundations and governmental agencies in providing audit and tax services. We have rendered services in connection with both state and federal grants and compliance issues on those grants. We have performed project audits on a variety of state and Pennsylvania grants. For organizations receiving government funding, we have over three decades of experience performing audits under Government Auditing Standards (Yellow Book), the Single Audit Act and Uniform Guidance Audits, and the Pennsylvania Department of Community and Economic Development (DCED) regulations, as required. In addition, many of our accountants serve or have served as a board member of a nonprofit.
Our accountants talk extensively with the management and accounting team at the organization/agency to better understand their mission and goals. We then offer relevant services to meet their needs. We understand the complexities of fund and grant accounting as well as IRS regulations and the complexities of the various states’ required reporting. A crucial role in our relationship with nonprofits, foundations and governmental agencies is to build trust on the basis of accountability and transparency. We feel it is important to work in tandem with the client’s other advisors. This collaboration with attorneys, investment advisors, trust officers, bankers, insurance representatives and financial planners allows u to create a comprehensive approach to meet the client’s goals.
Each nonprofit and governmental agency client has their own distinct needs and requirements. We tailor the client experience to meet those unique needs. We do it by first taking the time to get to know and understand the client’s needs. The first step in the process is the prospect contacting our marketing director, Jill Lock firstname.lastname@example.org Jill will ask many questions about the prospect’s requirements: qualities important in the selection of the accounting firm, timeline and budget. She will then discuss this with the appropriate accounting team. At times, a proposal is requested by the prospect. The written proposal or engagement will be discussed with the prospect’s team. At the meeting, questions will be answered and all concerns addressed. Once all is agreed upon, an engagement letter will be issued. After the letter is signed, the client relationship begins. We welcome this opportunity and building a long-term relationship based on trust and communication.