Skip to main content
  • About
  • News
  • Offices
  • Careers
  • Contact Us
  • Subscribe
CohnReznick LLP Logo
  • Industries
  • Services
  • Insights
  • Events
  • People
  • About
  • News
  • Offices
  • Careers
  • Contact Us
CohnReznick LLP Logo
  • Industries
    • Recent Insights
      • Tools to help navigate the Inflation Reduction Act

      • Exit planning for business owners: Start now, maximize benefits later

      • View More
    • Consumer & Industrial
      • Hospitality
      • Manufacturing & Distribution
      • Consumer
      Financial Sponsors & Financial Services
      • Broker Dealers
      • Independent Sponsors
      • Mortgage Lenders
      • Real Estate Funds
      • Family Offices
      • Hedge Funds
      • Private Equity
      • Small Business Investment Companies (SBICs)
      • Special Purpose Acquisition Companies (SPACs) Services
      • Venture Capital
    • Life Sciences & Healthcare
      • Life Sciences
      • Healthcare
      Public Sector
      • Government Contracting
      • Government
      • Not-for-Profit & Education
      Real Estate
      • Affordable Housing
      • Commercial Real Estate
      • Construction
      • Opportunity Zones
      • Tax Credits
    • Renewable Energy
      Technology & Media
      Private Clients
      • Film & Entertainment
      • Law Firms
      • Medical Practices
      • Private Clients
      Cannabis
  • Services
    • Recent Insights
      • Handshake recognizes CohnReznick with second Early Talent Award

      • Silicon Valley Bank: Lessons on governance, risk management, and controls

      • View More
    • Advisory
      • Accounting Advisory
      • Financial Modeling and Decision Analytics
      • Performance Improvement
      • CFO Advisory
      • Cybersecurity, Technology Risk, Privacy
      • Emergency Management
      • Emergency Rental Assistance Program
      • Global Consulting Solutions
      • Infrastructure Advisory
      • Project Finance and Consulting
      • Real Estate Advisory
      • Restructuring & Dispute Resolution
      • Risk Advisory
      • Technology+
      • Transactions
      • Valuation
    • Accounting & Assurance
      • Accounting Advisory
      • Accounting Services
      • Attest & Audit
      • Employee Benefit Plans
      • Lease Accounting
      • Paycheck Protection Program (PPP) Loan Forgiveness Assistance
      Tax
      • Federal Tax
      • International Tax
      • Exempt Organizations Tax Services
      • Private Clients
      • SBA Disaster Loan Assistance
      • State & Local Tax
      • Tax Credits
      • Trusts & Estates
    • Managed Services & Outsourcing
      • Data & Technology Solutions
      • Managed and Outsourced Services to Administer and Safeguard Public Funds’
      • Mitigate Enterprise Risk & Achieve Compliance
      • Prepare for the Future of Your Business
      • Managed and Outsourced Tax Concerns
      • Transaction Processing, Financial Close, & Reporting
      Affiliated Companies
      • Asset Management & Insurance
      • Benefits Brokerage & Consulting
      • Capital Markets Advisory
      • Government Contracting Technology Consulting
      • Risk Insurance Consulting
  • Insights
    • Recent Insights
      • Walking through housing tax credit resources: Historic Tax Credit FAQs

      • Understanding Zero Trust

      • View More
    • Topics
      • Affordable Housing CRedit Study
      • CohnReznick & Major League Baseball®
      • The C-Suite Dashboard
      • Gamechangers in ESG Awards 2022
      • All Insights
      • GovCon360° Resource Center
      • Infrastructure Resource Center
      • Lead with ESG
      • Real Estate Movement
  • Events
  • People
  1. CohnReznick: Advisory, Assurance, Tax Firm
  2. Industries
  3. Public Sector
  4. Not-for-Profit & Education
    Share CohnReznick
    Share

Not-for-Profit and Education

Your organization holds a clear vision for a better future — but financial stewardship, risk management,  internal controls compliance, and reporting consume limited resources. CohnReznick provides solutions and peace of mind to not-for-profits. Working with hundreds of organizations nationwide, we help you enhance your governance, minimize risks, improve  controls and accountability and, ultimately, accomplish your mission.

For stewards of not-for-profit and educational organizations, CohnReznick is a reliable source of accounting, tax, and advisory expertise focused on the industry. We offer:

EXPERIENCE ACROSS DIVERSE NOT-FOR-PROFIT SECTORS

Our team has a strong track record among social service and charitable agencies, professional and trade associations, foundations, educational institutions, arts and cultural organizations, and religious organizations.

LEADING INSIGHT PROVIDER

Not-for-profit leadership often benefits from an outside perspective to enhance planning efforts. Understanding the industry’s best practices or having access to comparative data on your peer group provides context and useful benchmarks. Our specialists bring an objective view to your board and actively work with you as operational challenges surface — including compliance with changing accounting standards. We also publish educational materials and facilitate learning workshops designed for not-for-profit administrators, board members, trustees, and other stakeholders.

ACTIVE IN THE INDUSTRY

With decades of experience across the sector, our practice professionals are respected for their thought leadership and opinions on timely and consequential matters. As a strong industry voice, our participation at the national, state, and regional levels among industry associations, conferences, and think tanks is sought after, including:

  • American Society of Association Executives
  • Association of Independent Schools in New England
  • California Society of Association Executives
  • The Center for Association Leadership
  • Center for Nonprofit Advancement
  • Council on Foundations
  • Eastern Association of College and University Board Officers
  • Housing Association of Nonprofit Developers
  • Maryland Association of Nonprofit Organizations
  • National Association of College and University Business Officers
  • National Business Officers Association
  • NJSCPA Nonprofit Interest Group
  • Nonprofit Roundtable
  • Society of Nonprofit Associations
  • Various state nonprofit associations

CohnReznick’s integrated accounting, tax, and advisory capabilities form the foundation of our relationship. In addition, because we understand the intricate reporting challenges facing not-for-profit organizations, we have developed unique capabilities to serve the industry:

SUPPORT FOR NEW ACCOUNTING STANDARDS IMPLEMENTATION

Every not-for-profit must meet the requirements of the Presentation of Financial Statements of Not-for-Profit Entities (ASU-2016-14) issued by the Financial Accounting Standards Board (FASB).  Not-for-profits may also be required to adopt new standards for leases, revenue recognition, and other accounting rule changes imposed by FASB. CohnReznick will build comprehensive training and implementation strategies for your organization, work with you to draft, review, and revise pro-forma financial statements, and help prepare the requisite disclosures.

NOT-FOR-PROFIT TAX REQUIREMENTS

Obtaining and maintaining tax-exempt status is essential to organizations. CohnReznick has a dedicated Exempt Organizations Tax Services practice that provides specialized expertise in the compliance and reporting obligations of Form 990 or Form 990-PF and ASC 740 (FIN 48). We can also assist you with corporate structuring, state and local tax issues, Unrelated Business Income Tax (UBIT) and foreign tax compliance.

SPECIALIZED AUDITS

As part of our assurance offering, we provide financial, Yellow Book, OMB Uniform Guidance Compliance, HUD, CFR,  and DOE and other audits.

Related Services

  • Lease Accounting
  • Exempt Organizations Tax Services
  • Tax Credits
  • Analytics & Data
  • Attest & Audit
  • Management Consulting
  • Cybersecurity
John Alfonso
CPA, CGMA, Partner - Not-for-Profit & Education Industry Leader
View full biography
Contact John
Meet the Not-for-Profit & Education Leadership Team
Meet our team
Not-for-Profit & Education Industry Webinar Series
Learn more
Related Insights
  • Insight
    Demonstrating relevance: a top priority for not-for-profits in 2023
    John Alfonso
    In 2023, not-for-profit organizations need to be able to demonstrate relevance by measuring and reporting on impact. Learn more.
  • Insight
    New York not-for-profits: Amendments bring new flexibility for board operations
    Lori Rothe Yokobosky, Jola Tuck, Chaim Fridman
    Catch up on recent changes related to voting methods, quorum requirements, and replacement board member term durations.
  • Press Release
    CohnReznick’s Yokobosky named to NJBIZ 2022 Best 50 Women in Business List
    CohnReznick Partner and Exempt Organizations Tax Services Leader Yokobosky was named by NJBIZ as one of its Best 50 Women in Business for 2022.
  • Insight
    Taxation for higher ed: Are RA stipends and housing taxable?
    Laura Kielczewski, Sima Wolfson
    Stipends for resident advisors are a great way for colleges and universities to encourage participation of their upperclass students in the welfare of undergraduates. But it is important to keep the tax implications of such payments in mind.
  • Insight
    SVOG recipients: Prepare for your federal audit requirements
    Paul R. Ballasy, Rebecca W. Lyman
    Both for-profit and not-for-profit SVOG grantees may face additional compliance audits. Read key rules and how to prepare
  • Insight
    Understanding and implementing FASB’s new guidance for gifts-in-kind
    Jason Mintz, Catherine Syslo
    Not-for-profit entities need to not only understand the FASB’s new guidance for gifts-in-kind but also know how to implement these changes. Learn more.
Nexia International Logo
Accessibility by ilumino - opens in a new tab/window
  • Contact Us
  • Subscribe
  • Follow:
Industries
Consumer & Industrial
  • Hospitality
  • Manufacturing & Distribution
  • Consumer
Financial Sponsors & Financial Services
  • Broker Dealers
  • Independent Sponsors
  • Mortgage Lenders
  • Real Estate Funds
  • Family Offices
  • Hedge Funds
  • Private Equity
  • Small Business Investment Companies (SBICs)
  • Special Purpose Acquisition Companies (SPACs) Services
  • Venture Capital
Life Sciences & Healthcare
  • Life Sciences
  • Healthcare
Public Sector
  • Government Contracting
  • Government
  • Not-for-Profit & Education
Real Estate
  • Affordable Housing
  • Commercial Real Estate
  • Construction
  • Opportunity Zones
  • Tax Credits
Renewable Energy
Technology & Media
Private Clients
  • Film & Entertainment
  • Law Firms
  • Medical Practices
  • Private Clients
Cannabis
Services
Advisory
  • Accounting Advisory
  • Financial Modeling and Decision Analytics
  • Performance Improvement
  • CFO Advisory
  • Cybersecurity, Technology Risk, Privacy
  • Emergency Management
  • Emergency Rental Assistance Program
  • Global Consulting Solutions
  • Infrastructure Advisory
  • Project Finance and Consulting
  • Real Estate Advisory
  • Restructuring & Dispute Resolution
  • Risk Advisory
  • Technology+
  • Transactions
  • Valuation
Accounting & Assurance
  • Accounting Advisory
  • Accounting Services
  • Attest & Audit
  • Employee Benefit Plans
  • Lease Accounting
  • Paycheck Protection Program (PPP) Loan Forgiveness Assistance
Managed Services & Outsourcing
  • Data & Technology Solutions
  • Managed and Outsourced Services to Administer and Safeguard Public Funds’
  • Mitigate Enterprise Risk & Achieve Compliance
  • Prepare for the Future of Your Business
  • Managed and Outsourced Tax Concerns
  • Transaction Processing, Financial Close, & Reporting
Tax
  • Federal Tax
  • International Tax
  • Exempt Organizations Tax Services
  • Private Clients
  • SBA Disaster Loan Assistance
  • State & Local Tax
  • Tax Credits
  • Trusts & Estates
Affiliated Companies
  • Asset Management & Insurance
  • Benefits Brokerage & Consulting
  • Capital Markets Advisory
  • Government Contracting Technology Consulting
  • Risk Insurance Consulting
Insights
Affordable Housing CRedit Study
CohnReznick & Major League Baseball®
  • Business of Food
  • Community Development
  • Community Outreach
  • Elevating The Fan (Customer) Experience
  • Business of Baseball: Highlights From Past Seasons
  • Managing for Success
  • Mayor of the City
The C-Suite Dashboard
Gamechangers in ESG Awards 2022
  • Are you a NextGen Gamechanger in ESG?
  • NextGen Award: Thank you
GovCon360° Resource Center
Infrastructure Resource Center
Lead with ESG
Real Estate Movement
Events
People
Nexia International Logo
Contact Us
Offices
Nexia International Logo
© 2023 CohnReznick LLP, All Rights Reserved. Terms of Use & Disclosures Privacy Policy

“CohnReznick” refers to CohnReznick LLP or any of its subsidiaries or affiliates. Each entity is a separate legal entity and solely responsible for its own acts and/or omissions.

CohnReznick LLP is a member firm of the “Nexia International” network. Nexia International Limited does not deliver services in its own name or otherwise. Nexia International Limited and each of its member firms are separate legal entities and not part of a worldwide partnership.  Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members.