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

SCHEDULE A CONSULTATION

SIGN UP NEWSLETTER:

Get the latest news delivered to your inbox.

Newsletter Subscription

Accounting Services for Nonprofits

accounting and Advisory for NOnprofits

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.   

  • Nonprofit accounting differs from for-profit accounting, focusing on tracking and reporting individual funds.


  • Financial statements, reporting, and compliance are essential components of effective nonprofit financial management.



  • Utilizing proper accounting practices and software ensures an organization’s financial health and supports its mission.

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:

  • 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


  • Expertise in Nonprofit Accounting

    Our team has extensive experience and knowledge in nonprofit accounting, offering you top-tier accounting expertise.

  • Personalized Attention

    We believe in building strong, lasting relationships. Each client receives personalized attention, ensuring solutions are tailored to your specific needs.

  • Bookkeeping

    Proper bookkeeping ensures compliance.

  • QuickBooks Services

    QuickBooks solutions to streamline your financial processes.

PRE-AUDIT BOOKKEEPING FOR NONPROFITS

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.

Why Choose Presti & Naegele for Accounting and Advisory Solutions?

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!

Presti & Naegele Accounting Offices

For inquiries or expert guidance, contact Presti & Naegele Accounting Offices. Your success awaits!

Private Foundation- Website Form

Presti & Naegele Accounting Offices

CLIENT REVIEWS

WHAT OUR CLIENTS ARE SAYING


Stacey L.

HAPPY CLIENT

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!

SEE ALL CLIENT REVIEWS

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.

SCHEDULE A CONSULTATION
Share by: