Not-for-Profit Accounting Services | Meyers Brothers Kalicka, P.C.

Not-for-Profit Services

At MBK, we are experienced in the unique needs and concerns of nonprofits and dedicated to providing the highest level of knowledge and expertise to your organization.

Some of Our Most Influential Clients Don't Make A Dime

As a not-for-profit organization, your highest priority is your mission. Your Board of Directors, executive and financial team and staff all work together to ensure that your services and products benefit their intended recipients. This sounds simple but it’s really quite complicated. Not-for-profit organizations have unprecedented regulations and restrictions that now govern how they fund their programs, structure their organizations and execute their missions and strategic plans. Your team needs a CPA firm that knows non-profit organizations inside-out and can serve as a strong technical resource while helping your team maintain its focus on your organization’s mission.

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Call us at (413) 536-8510

Not-for-Profit Professional Services

Meyers Brothers Kalicka, P.C.’s Not-for-Profit division is comprised of almost a dozen CPA professionals dedicated to our non-profit clients. Our team includes experts specific to “Yellow Book,” the Uniform Grant Guidance, Massachusetts UFR and benefit plan audits as well as Form 990 tax filings, exemption qualifications and public charity status. We also are a member of the AICPA Government Audit Quality Center, an affiliation that sets us apart from most of our competition.

Financial and compliance audits

Budgeting and long-term strategic planning

Internal control evaluations

Implementation and compliance with Uniform Prudent Management of Institutional Funds Act (UPMIFA)

GAAP for non-profit contributions, endowment funds, reporting of restricted assets

Organizational structure, governance matters, development and implementation of policies

Audits under “Yellow Book” and the Uniform Grant Guidance, UFR preparation

Form 990 and MA PC tax planning and return preparation, as well as other tax filings

Analysis of different contracts for tax ramifications to not-for-profit organizations

Review of revenue sources for unrelated business income

Matters related to bond assurance and financing

Representation of not-for-profit organizations with IRS audits

Compensation and benefits analysis to ensure no private enurements

Continuation of exemption qualification and public charity status

Financial forecasting and budgeting

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Experienced Accounting Team

Submit any inquiry or request for proposal (RFP) below.

Non-Profit Accounting Insights

The Benefits of Cost Allocation

By Sarah Rose Stack • 22 Apr, 2024

Cost allocation can be a cumbersome task for nonprofits, especially organizations with many activities. However, the process is critical for multiple reasons, and it’s worth reviewing cost allocation practices regularly to ensure they’re working as intended. This article covers the reasons to make allocations and the various methods used.

Is it Time to Hire a CFO?

By Sarah Rose Stack • 01 Apr, 2024

Let’s face it: Most nonprofits are founded on a passionate belief in service. This doesn’t always include a passion for numbers. To fill this gap in financial expertise, nonprofits often hire chief financial officers (CFOs). But do all nonprofits — including small organizations — need one? This article examines the duties of a CFO, how the size of a nonprofit organization may affect a CFO’s role, qualifications that a CFO should bring to the job, and whether outsourcing the job may be the right move.

MBK's Community Winter Initiative: Compassion and Action

By Sarah Rose Stack • 12 Mar, 2024

MBK remains steadfast in its commitment to the community in 2024.

Real People. Real Stories. Real Results.

“MBK isn’t just the auditing firm for Square One, they’re also an integral partner. After the tornado, MBK did anything and everything to ensure we completed our audit despite the circumstances. We’ve had a tremendous relationship with MBK for more than a decade, due in large part to their shared belief in our mission to impact the lives of thousands of children and families.”

Joan K. | President & CEO, Square One

"MBK does not limit their services to only offering advice on audits - they serve all year as advisors and providers of proactive decision making to avoid issues or problems."

Dawn D. | Springfield Day Nursery Corp D/B/A Square One