Nonprofits

We have built our reputation on helping nonprofit organizations of all sizes.

GRF CPAs & Advisors has been committed to providing exceptional service to the nonprofit industry for more than 30 years — this community is the cornerstone of our practice.  Our professionals provide solutions and best practice recommendations to help nonprofits maintain financial stability with increased accountability and transparency, an especially important goal during these economically volatile times.

We currently provide services to more than 600 tax-exempt organizations in the greater Washington metropolitan region, across the nation and around the world, including:

  • Trade and membership organizations
  • International non-governmental organizations (foreign and domestic)
  • Human and social services organizations
  • Cultural arts organizations
  • Private foundations
  • Faith-based organizations
  • Public interest organizations
  • Other charitable institutions

Our leadership and staff are actively involved in the nonprofit industry by participating on boards, volunteering or through membership in a number of different industry groups. We write articles and present seminars throughout the nonprofit community related to auditing, tax, and financial management to keep clients informed and up to date on relevant topics. Sign up for newsletters that contain helpful financial resources for nonprofit organizations.

Nonprofit Audit and Assurance Services

Our firm’s leadership offers more than a century of combined experience helping tax-exempt organizations achieve financial and operational success. In addition to nonprofit audit and assurance services, which represent the majority of our work, we also provide the following:

  • Agreed-upon procedures
  • Nonprofit tax compliance and consulting services
  • Organizational, operational and financial analysis
  • Revenue recognition assessments
  • Expenses allocation analysis
  • Internal control evaluation
  • Budget preparation
  • Strategic planning
  • Indirect cost rate
  • Accounting policies and procedures manuals
  • Information technology design and installation
  • Financial and management reporting
  • Board development
  • Grant management review
  • Cash flow projections
  • Training of finance personnel
  • Ballot counting
  • Enterprise Risk Management
  • Cybersecurity and IT Risk
  • Litigation and Fraud Support

Nonprofit Tax Specialists

Our CPAs help nonprofits of all sizes put their best foot forward when it comes to IRS Form 990 preparation, tax strategy and maintaining tax-exempt status. Learn more about nonprofit tax.

Associations

Associations play an important role in our economy by uniting people in the same profession to advance their common interests. Despite some of the challenges faced by trade and membership organizations, those that are thriving are embracing private sector business practices and innovative technologies, identifying and leveraging additional sources of revenue, and proactively addressing regulatory and industry issues like privacy.

GRF provides association clients with the support they need to tackle changes in the industry. Our association experts provide audit, accounting, tax and advisory services with a focus on industry best practices and innovation from the business world. Additionally, GRF’s work with clients around the world means that international membership organizations can draw upon our firm’s extensive global experience. For more on GRF’s services for associations, see our brochure.

International NGOs

International non-governmental organizations that deliver development, humanitarian and relief programs around the world face a unique set of challenges when it comes to oversight of their financial operations. Monitoring field office activity, ensuring compliance with US government regulations and monitoring strong internal controls are some considerations for executive and financial personnel as they serve communities around the world.

Accounting professionals with extensive experience working with international organizations can help ensure your programs and activities are financially sound and comply with all necessary regulations, policies and procedures, including the OMB Circulars and other relevant federal award requirements. The auditors and consultants of GRF CPAs & Advisors are unusual among accountants.

We are familiar with the requirements of domestic and international funding agencies and we also have extensive experience working with NGOs that maintain global operations. Ninety percent of our auditors have traveled internationally on behalf of GRF clients —not every auditor can say that.

As a result, we understand the conditions under which international organizations work.

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Nov 28
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Let us know where you need help, or contact one of our specialists below.

Contact Us

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Terri M. McKnight, CPA

Partner and Director, Audit

Richard J. Locastro, CPA, JD

Partner and Director, Nonprofit Tax