Nonprofit Organizations

Nonprofits have to make every dollar count. Faced with increased funding competition, evolving technology, and changing regulations, nonprofits rely on Templeton to understand their many special audit, tax and operating requirements.

Considered one of the outstanding professional services firms serving South Florida’s nonprofits, Templeton provides organizations of all sizes with high quality audit, accounting, consulting, tax and advisory services and solutions that are customized to each nonprofit’s unique concerns and issues.

Our Nonprofit Clients Include:

  • Charitable and service organizations
  • Civil, cultural and social organizations
  • Educational Institutions
  • Faith-based organizations, houses of worship
  • Foundations
  • Healthcare providers
  • Membership and trade organizations
  • Museums
  • Religious organizations
  • Sports, recreational and youth programs

In addition, having provided support services and solution demonstrations, system installation and customized training, Templeton has a technical understanding of business management and accounting solutions not available from most computer support organizations.

Our Services Include

  • Audits of financial statements in accordance with GAAP, the Yellow Book, the Single Audit Act, OMB Circulars, and various funding agencies.
  • Strategic planning and trend analyses.
  • Consultation services, including design and implementation of fund structures and charts of accounts.
  • Assistance with design and implementation of accounting and internal control systems, policies and procedures, and training personnel.
  • Consultation, design and implementation of computer systems with a special emphasis on MAS 90 accounting software.
  • Preparation of required reports for various funding agencies, including Mental Health and Mental Retardation Programs, Children and Youth Social Services, Long-term and Intermediate Care Facilities, Departments of Health and Human Services, Housing and Urban Development, and Public Welfare.
  • Preparation of federal and state tax and information returns, including private foundations.
  • Consultation on the most recent regulatory and legislative developments.
  • Consultation and advisory services on tax-related issues, including maintaining tax-exempt status and strategic planning.

The firm is a member of the AICPA’s Governmental Audit Quality Center demonstrating our commitment to the quality performance of not-for-profit, governmental and Uniform Guidance assurance engagements.

NONPROFIT BLOG

FASB Issues ASU 2019-03, Updating the Definition of Collections

By Lee Klumpp, CPA, CGMA The Financial Accounting Standards Board (FASB or the Board) issued Accounting Standards Update (ASU) 2019-03, Updating the Definition of Collections, to address the issue that the definition of the term collections in the Master Glossary of the FASB Accounting Standards Codification (ASC) was not fully aligned with the definition used […]

Top 10 Trends in the Nonprofit Industry

By Laurie De Armond, CPA and Adam Cole, CPA The nonprofit industry is anything but static. Many outside factors impact their daily operations. Following is a list of what we see as the top 10 trends that are currently impacting nonprofit organizations. Protecting Nonprofit Nonpartisanship The current political environment has created a lot of uncertainty.  […]

Lessons Learned from Implementing ASU 2016-14 – Functional Expenses

By Tammy Ricciardella, CPA Nonprofit organizations with calendar year ends are working to implement the provisions of Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities. The ASU is effective for annual financial statements issued for fiscal years beginning after Dec. 15, 2017. Specifics of the requirements of […]