NEW YORK 529 Fifth Avenue, New York, NY 10017
INTRODUCTION TO CITRIN COOPERMANâ€™S
NOT-FOR-PROFIT PRACTICE FOCUS ON WHAT COUNTS: YOUR MISSION
OUR EXPERTISE NOT-FOR-PROFIT Citrin Cooperman’s dedicated Not-For-Profit Practice forms collaborative partnerships with nonprofit organizations to gain a deep understanding of their missions and drive creative solutions tailored to their unique needs.
We are committed to your compliance, governance, regulatory, and consulting needs so you can focus on your mission. Our team members are active on boards of local not-forprofit organizations and national associations. This enhances our ability to serve our clients and demonstrates our commitment to providing unparalleled service to the not-for-profit industry.
OUR CLIENTS • • • • • • • • • • •
Crisis and intervention organizations Cultural and arts organizations Educational organizations including private and charter schools Health care organizations Human and social services organizations International organizations Low-income housing entities Membership and trade associations Private and public foundations Religious organizations Research and scientific organizations
OUR SERVICES • • • • • • • • • • • • •
Audit, assurance, and review Tax compliance and consulting Business planning and budgeting Grant provisions and reporting evaluations Internal controls and reporting evaluations IRS tax exam representation Outsourced accounting Operational and financial systems reviews Employee benefit plan audits Financing and funding assistance Single Audit and Uniform Guidance UFR and HUD specialized regulatory reporting Board governance guidance and support
REPRESENTATIVE CLIENT LIST The firm has a laser focus on quality and service delivery. While it is of the utmost importance that we at Citrin Cooperman maintain our independence in working with our clients, we work as a team with our clients to get the right answers. This is evident in our ability to maintain long-standing client relationships and establishing a mutual respect for each party’s technical skills. We are proud to provide audit, tax, and advisory services to a variety of not-for-profit organizations within our practice. Detailed below is a representative sample of entities the firm either currently serves or has served in the past: Ahimsa Foundation Alliance for Climate Protection American Sleep Apnea Association Association for a Better New York Bayonne PAL Day Care Corp. Big Brother Big Sister Boys Latin of Philadelphia Charter School Cape Cod Academy Children's Medical Fund of New York Climate Protection Action Fund Community Servings, Inc. Council for Higher Education Developmental Disabilities Management Assistance Diabetes Transplant Elder Services of the Merrimack Valley Girl Scouts Heart of the Hudson Greater Boston Chinese Golden Age Center Greater Providence Chamber of Commerce The Governor’s Academy Hebrew Free Loan Society Hispanic Federation Inc. Holocaust & Human Rights Education Center International Association of Credit Port International Council of Shopping Centers International Federation of Accountants Housing and Services, Inc.
Islanders Children’s Foundation Israel Cancer Research Fund James Beard Foundation JCAW Foundation Jewish Family & Children’s Services of Northern New Jersey Jewish Seniors Agency Kaplan Sisters Foundation
Sacred Heart School System Save the Harbor/Save the Bay Seed Global Health Shalom Fund Society of Illustrators South Asian Council for Social Services St. Boniface Haiti Foundation
LCU Fund for Women’s Education Learning Center for the Deaf LLS Foundation Lung Cancer Research Foundation Madeira School Massachusetts Teachers Association
St. Elizabeth Community Stephen P. Hanson Family Foundation Stop Soldier Suicide Sustainable America The Arc of Blackstone Valley The Pasculano Foundation
National Assoc. of Business Political Action Committees National Christ Child Society National Museum of Mathematics New Foundations Charter School
The Tiller Family Foundation Town of Bristol, Rhode Island Victory Programs, Inc. Weintraub Family Foundation
West Orange Public Library
Project A.L.S. Quest Montessori School Rhode Island Community Food Bank Rhode Island Jewish Historical Association Rhode Island League of Cities and Towns Rockefeller Archive Center
Pace Organization of Rhode Island Community Partnership Charter School Jewish Seniors Assisted Living Support Mathematics Civics and Sciences Charter South Shore Young Men's Christian Association, Inc. (YMCA) The Gathering for Justice
Romanian-American Investment Foundation Rush Philanthropic Arts Foundation
Z.S. & M. Wilf Foundation Providence Realty Investment
FIRM SCOPE INDUSTRIES Architecture & Engineering Automotive Dealerships Construction Entertainment, Music & Sports Financial Services Franchising Government Contracting Health Care
• Audit and Attest − Agreed-Upon Procedures − Employee Benefit Plan Audits − Financial Statement Audits − Public Company Audit Services − Reviews and Compilations • Accounting Advisory Services − Business Combinations − Going Public Readiness − Lease Accounting − Revenue Recognition
Law Firms Manufacturing & Distribution Maritime, Shipping & Logistics Not-For-Profit Private Equity & Capital Markets Real Estate Restaurants & Hospitality Staffing Technology & Life Sciences
• Commercial Tax Services − Federal Tax Policy − IRS Representation & Tax Controversy − Mergers and Acquisition Tax − Not-For-Profit Tax − Tax Accounting and Provisions − Tax Compliance − Tax Research and Planning • International Tax Services − Transfer Pricing • State and Local Tax (SALT) • Private Client Services − High Net Worth Individuals − Offshore Voluntary Disclosure Initiative − Tax Compliance − Trust and Estate Services
• Business Consulting − Business Management & Family Office − Office of the CFO − Outsourced Solutions − Strategy and Business Transformation • Technology and Risk Advisory Consulting (TRAC) − Cybersecurity − IT Business Advisory Services − Outsourced IT and Managed Services − Risk Advisory • Transaction Specialty Services − Transaction Advisory Services − Valuation Advisory Services • Wealth Management and Investment Advisory Services
VALUE-ADDED SERVICES The not-for-profit industry is a dedicated focus of our firm, so we go to great lengths to understand the unique challenges our clients face. We recognize all organizations are different and tailor our work to the client’s specific needs. Our goal is to add value by providing advice and recommendations that improve efficiency and sustainability, and ultimately supports the organization in meeting its mission.
THOUGHT LEADERSHIP REVIEW OF INFORMATION TECHNOLOGY SYSTEMS BOARD GOVERNANCE EVALUATION OVERVIEW OF FORM 990 INTERNAL REVENUE SERVICE AUDITS RETIREMENT PLAN(S) COMPLIANCE EDUCATIONAL SEMINARS AND ROUNDTABLES PUBLICATIONS (ARTICLES, RISK ALERTS, CHECKLISTS)
Our strengths go well beyond those of traditional audit and tax services.
VALUE-ADDED SERVICES TECHNOLOGY & RISK ADVISORY CONSULTING (TRAC) In today’s environment, companies are exposed to mounting risks associated with increased business complexity, technology challenges, the growing regulatory environment, and cybersecurity threats and breaches. Citrin Cooperman’s Technology and Risk Advisory Consulting practice (TRAC) offers integrated services in the areas of risk, technology, and compliance so you can focus on what counts – your mission. Backed by decades of experience, our team has advised clients throughout their business lifecycles to minimize risk, fill resource gaps, and improve overall bottom line performance. Whether developing programs and strategies to enhance internal controls, improving processes, finding solutions to maximize your protection against a data breach, building custom databases, recommending and implementing hardware/software, or relocating your office, our team is your go-to resource for addressing management challenges throughout your organization. If you are looking for a short-term solution or a strategic partner for the long haul, we have the solutions you can count on for all of your advisory and project based needs.
OUR SERVICES THREAT AND VULNERABILITY
RISK MANAGEMENT • •
• • • • •
SCORE Report Comprehensive IT Risk Assessments (framework based) Application Mapping Cybersecurity Training Project Management CISO Advisory Services Virtual CISO – Privacy Training – Security Training – Risk Management
Incident Response Forensic Services Vulnerability – Internal – External – Wireless – Physical • Penetration Testing – Internal – External • Social Engineering • • •
BUSINESS AND CONTINUITY PLANNING
COMPLIANCE MANAGEMENT • • • • •
PCI HIPAA/HITECH CUI GRPR State Security Standards Compliance (WISP) Privacy Compliance Consulting GLBA Compliance Assessments – Safeguards Rule Information and Cybersecurity Policy and Procedure Design
• • •
Incident Response Planning Incident Response Testing Business Contingency/Disaster Recovery Plan Development Contingency/Disaster Recovery Plan Review Contingency/Disaster Recovery Plan Testing
VALUE-ADDED SERVICES OFFICE OF THE CFO Citrin Cooperman’s Office of the CFO (“OCFO”), offers integrated CFO, consulting, and outsourced services in the areas of financial reporting, budgeting, forecasting and modeling, performance management, and financial decision-making. Whether it is a one-time project, an ongoing accounting and CFO arrangement, or filling an interim vacancy, OCFO’s diverse team can help you bridge the resource gap by providing oversight and onthe-ground services. At Citrin Cooperman, we are always focused on what counts - providing the services our clients need to run a successful business. You will have access to our team of experts who will help you assess areas of need, advise you on how to create a practical plan or solution, and provide the resources to implement a plan to achieve desired results.
WHAT MAKES US DIFFERENT?
WHY CITRIN COOPERMAN? Depth of experience in your industry to leverage best practices World class service and communication Direct access to technical and subject matter specialists An engagement team empowered to make decisions and activate resources Collaborative approach for finding solutions to complex accounting and tax issues Value for fees with no surprises
Not-For-Profit Practice Leader John Eusanio is a partner in Citrin Cooperman's New York City office and practice leader of the firm's Not-For-Profit Practice. He has nearly 20 years of public accounting experience providing auditing and accounting services to clients in the not-for-profit, education, and health care sectors. Prior to joining Citrin Cooperman, John was an audit partner at CohnReznick. In addition, John has significant “Big 4” experience, where he also completed a three-year national rotation within KPMG in which he assisted engagement teams serving various governmental and not-for-profit clients.
JOHN M. EUSANIO CPA, CGMA
PARTNER & NOT-FOR-PROFIT PRACTICE LEADER
John has experience providing financial statement audit services to a wide variety of entities, including social service organizations, foundations, associations, state and local government agencies, colleges and universities, health care providers, community and teaching hospitals, long-term care facilities, academic medical centers, and other 501(c)(3) organizations. He also advises clients on accounting and auditing matters relating to Uniform Guidance audits, employee benefit plans, tax-exempt bond offerings, and cost report certifications. John is a member of the American Institute of Certified Public Accountants (AICPA), the New York State Society of Certified Public Accountants (NYSSCPA), and the New York Society of Association Executives (NYSAE). John earned his Bachelor of Business Administration in Accounting at Dowling College. He is a Certified Public Accountant in the State of New York and a Chartered Global Management Accountant, and the firm’s representative for the Governmental Audit Quality Center (GAQC). John contributes to regular communications and e-alerts for the Not-For-Profit Practice. He also facilitates technical trainings to boards, client management, and internal staff on various not-for-profit technical matters and governance considerations. In addition, John routinely attends not-forprofit conferences and participates as either a presenter, sponsor, or participant in roundtable and panel discussions.
ABOUT US OVERVIEW Citrin Cooperman is among the largest, full-service assurance, tax, and business advisory firms in the United States, having steadily built its business serving a diverse and loyal clientele since 1979. Our daily mission is to help our clients â€œfocus on what counts.â€? Rooted in our core values, we provide a comprehensive, integrated business approach to traditional services, which includes proactive insights throughout the lifecycle of our clients; wherever they do business, across the globe. Citrin Cooperman has deep experience in a variety of industries, including not-for-profit, entertainment, financial services, franchising, health care, private equity, real estate, and technology. Citrin Cooperman is an independent firm associated with Moore Stephens International Limited.
ABOUT US PHILANTHROPIC INITIATIVES Our firm is committed to working hard to serve the needs of our clients and the communities in which we live, work, and play. As caring, service-minded individuals, each of us desires to improve the lives of others. We encourage our staff to give back to the community. The Citrin Cooperman Cares (CC Cares) Committee organized several programs and initiatives, dedicating resources, time, and dollars to give back to local organizations. Programs included breast cancer walks and bake sales, food drives, holiday giving, toy drives, coat drives, and more. Seeking to promote the welfare of others, especially by making charitable donations to good causes and being generous and benevolent, is what makes Citrin Cooperman proud. The firm encourages staff to give back on the first Monday of June, that’s exactly what we did! All Citrin Cooperman offices closed for business and gave back to their local communities by donating their time to local organizations during our annual CC Cares Day of Service.
Charitable Fridays The philanthropic mission of Citrin Cooperman is to improve the quality of life in our communities and to encourage and support the charitable efforts of the employees of Citrin Cooperman by contributing to the charitable organizations in which our staff are involved. Once again, employees were asked to donate a nominal amount to a specific charity chosen, including Team Rubicon – Hurricane Florida Disaster Relief, Swim Across America: Making Waves to Fight Cancer, METAvivor, and Runway of Dreams Foundation. The firm was proud to match all donations made.
Donations and Other Charitable Activities Citrin Cooperman recognizes that it is the company’s responsibility as a good corporate citizen to help enrich our surrounding communities and those in time of need. One of the key parts of our company’s vision is to “enhance life and community.” Citrin Cooperman encourages all employees to use their resources to better the communities in which we work and live. In addition to volunteering, Citrin Cooperman provides monetary donations to local organizations throughout the East Coast. Furthermore, the firm actively participates in various outreach and awareness programs in addition to providing scholarships to graduating high school students majoring in accounting.
WHEN YOU ARE FREE TO FOCUS ON WHAT COUNTS, BUSINESS THRIVES. Contact Us John Eusanio, CPA Partner & Not-For-Profit Practice Leader 646.979.6091 firstname.lastname@example.org