CONTACT INFORMATION:
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
Nonprofits play a vital role in society, focusing on cultural, educational, religious and humanitarian initiatives. Since 1982, Presti & Naegele has made it its specialty providing services to organizations that are nonprofits and exempt from income tax.
The IRS recognizes 30 types of nonprofit organizations but only those with 501c (3) status can declare that donations made to them are tax deductible. Nonprofits have no owners and they are not allowed to make profits. Any surplus funds are reinvested to further the mission. This focus on mission over profit sets nonprofits apart from for-profit businesses.
Nonprofit accounting is a specialized form of accounting used by charitable and mission-driven organizations. Unlike for-profit entities that generate revenue through products or services, nonprofits primarily rely on donations and grants to fund their causes.
Donors and board members need to see how funds are used toward the intended programs and purposes. At P&N, our nonprofit accounting ensures financial transparency and accountability.
40+ years of celebrating the power of philanthropy by supporting our clients and their vital initiatives.
501c (3) organizations, as charitable nonprofits, often undergo audits. These audits help maintain integrity, comply with legal requirements and build trust with the donor community. P&N’s team provides the oversight needed to ensure transparency and compliance for our nonprofit organizations.
Our clients, who come in all shapes and sizes, from start-ups to multinational corporations, benefit from the unparalleled assistance of our specialists and dedicated partners, in addition to a whole tax group dedicated to serving the nonprofit sector. Among our clientele are:
P&N’s pre-audit bookkeeping services play a crucial role in ensuring an organization’s financial records are well-prepared and organized before undergoing an official audit. Pre-audit services act as a bridge between the organization and the external auditor during the financial statement audit.
By auditing and preparing the financial information beforehand, the quality of internal control and reporting is enhanced. Our pre-audit services ensure that all necessary information and documents are ready for the external auditor, reducing the burden on the financial administration department.
PREPERATION OF FORM 990
P&N assists our nonprofit clients with their annual Form 990, which is required by the IRS. This form provides information about the organization’s finances, governance and activities. We ensure our clients adhere to the strict IRS guidelines related to tax reporting, compensation, revenue, expenses and narratives that tell the organization’s story.
We identify tax saving opportunities for our nonprofits that can accelerate growth. This includes exploring credits, incentives and other strategies to impact the organization’s bottom line positively.
Choose Presti & Naegele for our tailored financial services, optimized operations, ensured compliance, and enduring success.
Contact P&N Today!
For inquiries or expert guidance, contact Presti & Naegele Accounting Offices. Your success awaits!
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.