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Manhattan Location
225 W35th St, 5th FL New York, NY 10001
Phone:
(212) 736-0055
Stamford Location
350 Bedford St, Ste 303 Stamford, CT 06902
Phone: (203) 356-1061
Long Island Location
487 Jericho Turnpike, Syosset, NY 11791
Phone: (212) 736-0055
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225 W 35th St, 5th FL., NY 10001
Non Profit Accounting Firms New York
accounting and Advisory for NOnprofits | Non profit accounting firms in New York
Nonprofit organizations are essential to society, focusing on areas like culture, education, religion, and humanitarian efforts. Since 1982, Presti & Naegele has dedicated itself to meeting the specialized needs of nonprofits, which are exempt from income tax. Recognized as one of the top Non Profit Accounting Firms in New York, we provide mission-driven organizations with expert financial solutions tailored to their goals.
The IRS identifies 30 categories of nonprofit organizations, but only those with 501(c)(3) status can accept tax-deductible donations. Nonprofits operate without owners and cannot distribute profits. Instead, any surplus is reinvested to support their mission. This mission-centric model differentiates nonprofits from traditional businesses and highlights the importance of working with specialized Non Profit Accounting Firms in New York like ours.
Nonprofit accounting is distinct, focusing on the financial needs of charitable and mission-driven organizations. Unlike for-profit businesses that earn revenue through sales or services, nonprofits rely on funding from grants and donations. This requires the precision and expertise that experienced Non Profit Accounting Firms in New York bring to the table, ensuring compliance and efficient use of resources.
Both donors and board members must clearly see how funds are allocated to intended programs. At Presti & Naegele, we provide nonprofit accounting services designed to deliver the financial accountability and transparency that stakeholders expect. As a trusted name among Non Profit Accounting Firms in New York, we help nonprofits succeed while maintaining the highest financial standards.
40+ years of celebrating the power of philanthropy by supporting our clients and their vital initiatives.
Charitable nonprofits with 501(c)(3) status often require audits to ensure transparency, uphold integrity, and meet legal standards. These audits not only satisfy regulatory requirements but also foster trust among donors. As one of the leading Non Profit Accounting Firms in New York, Presti & Naegele offers expert oversight to help nonprofits achieve these essential goals.
- Nonprofit accounting stands apart from for-profit accounting due to its emphasis on tracking and reporting specific funds. This specialized focus demands the knowledge and skill provided by experienced Non Profit Accounting Firms in New York, ensuring every dollar is properly managed and directed toward advancing the organization’s mission.
- Accurate financial statements, detailed reporting, and strict compliance are critical to sound nonprofit financial management. Working with top Non Profit Accounting Firms in New York ensures these responsibilities are handled with precision, allowing organizations to devote more energy to their mission.
- Proper accounting practices and advanced software are fundamental to maintaining a nonprofit’s financial health and driving mission-focused success. At Presti & Naegele, we leverage state-of-the-art tools and decades of expertise to deliver exceptional support, empowering nonprofits to achieve their objectives.
Our clients range from small start-ups to large multinational corporations, all benefiting from the unmatched expertise of our skilled specialists and dedicated partners. In addition to offering a full suite of services, we have a specialized tax group exclusively serving the nonprofit sector. As one of the most trusted Non Profit Accounting Firms in New York, we take pride in providing customized solutions designed to address the distinct needs of charitable organizations. Our diverse client base includes:
- Affordable housing entities
- Charitable organizations
- Educational institutions
- Healthcare organizations
- Membership organizations and trade associations
- Museums, arts and cultural institutions
- Private country and social clubs
- Public and private foundations
- Religious entities
- Social services agencies
Benefits of Working with Presti & Naegele, one of the top Non Profit Accounting Firms in New York
PRE-AUDIT BOOKKEEPING FOR NONPROFITS
P&N’s pre-audit bookkeeping services are essential for ensuring that a nonprofit’s financial records are properly prepared and organized ahead of an official audit. As one of the top Non Profit Accounting Firms in New York, we recognize the importance of pre-audit services in facilitating a smooth financial statement audit process and fostering collaboration between nonprofits and external auditors.
By reviewing and organizing financial data in advance, we help strengthen internal controls and improve the quality of financial reporting. Our pre-audit services ensure that all required documents and information are ready for the external audit, easing the workload on the financial administration team. This proactive strategy, delivered by trusted Non Profit Accounting Firms in New York like Presti & Naegele, enables nonprofits to undergo efficient audits while maintaining robust financial management.
PREPERATION OF FORM 990
P&N supports nonprofit clients with the preparation of their annual Form 990, a vital document required by the IRS. This form details the organization’s finances, governance, and activities. As one of the premier Non Profit Accounting Firms in New York, we ensure our clients comply with the IRS’s strict guidelines for tax reporting, including requirements for compensation, revenue, expenses, and narratives that effectively showcase the organization’s mission.
Beyond ensuring compliance, we help identify tax-saving opportunities that foster growth. This includes uncovering credits, incentives, and other strategies to enhance the financial health of the organization. At Presti & Naegele, we are proud to be among the Non Profit Accounting Firms in New York that go beyond compliance to drive financial efficiency and sustainability for mission-focused organizations.
Why Choose Presti & Naegele, one of the leading non profit accounting firms in New York?
Choose Presti & Naegele for our tailored financial services, optimized operations, ensured compliance, and enduring success.
- Holistic Business Approach
- Customized Strategies
- Proactive Advisory
- Reliable Support
Contact P&N Today!
For inquiries or expert guidance, contact Presti & Naegele Accounting Offices. Your success awaits!
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CLIENT REVIEWS
WHAT OUR CLIENTS ARE SAYING
I have had my business for more than 10 years and struggled through several *truly awful* accountants in the early years. I found Presti & Naegele about five years ago and have never looked back. They are a life-changing breath of fresh air and they will be my accountants for as long as I live. Donald Sager brings me confidence, peace and calm in an area of the business that would otherwise be stressful. He knows what he's doing and is always extremely responsive and ready with a plan of action and to explain anything at all. I am so grateful for him!
Eager to collaborate with Presti & Naegele?
We welcome the opportunity to understand your financial needs and tailor solutions for success. Join our distinguished clientele who have experienced the excellence of our services. Let's embark on a journey toward financial prosperity together.
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New York (NYC) Location
225 W 35th St, 5th FL New York, NY 10001
Phone: (212) 736-0055
Stamford, CT Location
350 Bedford St, Ste 303 Stamford, CT 06901
Phone: (203) 356-1061
Long Island, NY Location
487 Jericho Trnpk, Syosset, NY 11791
Phone: (212) 736-0055
