Nonprofit Organizations

Whether in a robust economy or in a recession, nonprofit organizations are always challenged with the problem of identifying the donors and volunteers they need in order to deliver their services and programs.

The nonprofit community is volunteer-driven, and as such, has long been informally “exempted” from adopting the business-like approach expected from their for-profit colleagues. Instead, the nonprofit culture of good-will has protected these organizations, with most organizations enjoying a respected leadership role and the high regard of the community for their hard work and their stewardship role.

But things are quickly shifting in the nonprofit community. There is now a significant attitude change on the part of donors, volunteers, constituents and the government. Nonprofit organizations are expected to embrace the message of transparency embedded in the Sarbanes-Oxley Act as they adopt a more ‘professional’ approach.

Whether they represent a civic or social service group, a religious organization, an educational institution, a museum or symphony, an animal shelter or healthcare facility, or a trade association, the standards are now being raised. Organizations are adopting some of the same best practices that have typically been reserved for leading edge for-profit companies, with a new focus on board governance, internal controls, strategic planning, better budgeting, and an expectation of improved efficiency and effectiveness to help them remain viable and strong.

At the Resnick Druckman Group we have worked closely for several decades with the nonprofit community. We can help your organization deal with:

• OMB Circular A-133 audits, housing and urban development audits
• Tax planning for exempt and non-exempt entities
• Budgeting
• Risk management
• Long range planning
• Retreat facilitation

At The Resnick Druckman Group we understand these expanding responsibilities and we work with our clients’ boards of directors, audit committees and staff to help them understand the impact of these changes and their roles and duties in the newly defined nonprofit world in general and within their own organization specifically.

*The Resnick Druckman Group LLC and Resnick Druckman & Hill LLP have an alternative practice structure. Though separate and independent legal entities, the two firms work together to serve clients' business needs. The Resnick Druckman Group LLC is not a licensed CPA firm.