Nonprofit Organizations
Capaldi Reynolds & Pelosi knows that the nonprofit industry is unique in its focus on public goals and funding streams rather than the private goals of other business owners. We have the expertise to help you navigate the complexities of your program activities, safeguard your assets, and achieve your mission. We can help you attain the transparency in management and operations needed to enhance your stewardship responsibilities and meet the challenges of the complex and changing government and IRS regulations and requirements.
We keep you up to date on critical industry developments and evolving best practices, helping you optimize funding resources. Nonprofit organizations depend on the talent and motivation their team and their reputation in the community- our knowledgeable accounting staff can help you identify and prioritize financial risk areas and develop management plans and policies that inspire trust from Directors, funders and other key stakeholders.
Our services for nonprofit organizations include:
- Audits and financial reporting
- Governmental “Yellow Book” audits
- Single Audits (OMB Circular A-133)
- Retirement Plan (ERISA) audits
- Health and Welfare Plan (ERISA) audits
- Indirect Cost Rate certification
- Exemption application (Form 1023 or 1024)
- Preparation of federal information and tax returns- Forms 990, 990-EZ and 990-T
- Preparation of state registration and reporting
- Internal Control studies
- Data analytics and consulting
- Cost and procurement analysis
- Tax issue analysis
- IRS audit support
- Budget and forecasting
- Transactional analysis and support
- Accounting handbooks
- Board training for understanding financial statements and tax returns
- Development of governance policies
- Benchmark studies
- Industry comparisons
- Functional expense allocation study
Industry Insights
When to File a Gift Tax Return
If you give someone money or property during your lifetime, you may be subject to federal gift tax. The federal gift tax exists for one reason: to prevent taxpayers from avoiding the federal estate tax by giving away their money before they die. When it comes into...
Is Your Nonprofit Governance Up to Date?
Like everything else in the world, concepts about governance in nonprofit organizations are evolving. In the US corporate world, The Sarbanes-Oxley Act (SOX) represented an attempt to legislate some basic principles designed to protect the interests of stakeholders by...
Filing for 501c (3) Tax Exempt Status: Easing the Burden on Smaller Nonprofit Organizations
Most organizations seeking 501c (3) tax exempt status must file an application with the IRS. Until 2014, the only means available to organizations was filing Form 1023: Application for Recognition of Exemption Under Section 501c (3) of the Internal Revenue Code....
Charitable Giving Strategies
While there may be a lot of wisdom in the proverb “May your charity increase as much as your wealth,” there can also be wealth in properly planning your charitable giving. This wealth is derived from the economic benefit that can result from tax savings achieved by...
Capaldi Reynolds & Pelosi Institutes Dress Down Friday for a Cause
This May, Capaldi Reynolds & Pelosi designated Fridays as Dress Down Day For A Cause. Each employee would have the privilege of wearing jeans for the fee of $5 per week. Proceeds collected for the month would be donated to a charity of our choice. The first...
Capaldi Reynolds & Pelosi Paddles for Gilda’s Club South Jersey
On July 9th, 20 of our most adventurous associates, friends and family members participated in the Inaugural Gilda's Club South Jersey Dragon Boat Festival. We joined about 30 other teams from our region to paddle down the Bay at Bader Field to help raise $90,000 for...





