Why Non-profits and Philanthropy are Great for our Business

At MKA, we are more than just an accounting firm. We care about our community, and for that reason, philanthropy is a one of our company’s focal points. MKA has done work with various non-profits in Central Florida, many of which are clients of ours. As a result of our avid community involvement, we have been awarded the Top Philanthropic Companies award by the Orlando Business Journal from 2015-2020. Another award that MKA received as a result of our philanthropic efforts is the Community Service Champion award from the Orlando Sentinel in 2012.

We are proud to offer a diverse variety of services here at MKA. Offering traditional audit, accounting, and tax services to non-profit organizations has allowed us to work closely with incredible organizations with even more incredible missions. In fact, our non-profit clients represent over 50% of our practice. By letting the tax professionals of MKA focus on the accounting, these organizations can work towards accomplishing their mission of bettering the Central Florida community.

Some of the services we offer to our non-profit clients are as follows:

  • Organizational Policy Assistance
  • Budgeting
  • Review of unrelated business income tax
  • Protection of tax-exempt status
  • Ensure compliance by reviewing investment policies
  • Single audits and yellow book audits
  • Functional expense reporting assistance
  • Donation reporting requirements

Client spotlight

One of the incredible non-profit organizations we are lucky to work with is the Orlando Philharmonic Orchestra (OPO). The Orlando Philharmonic Orchestra serves to enrich, inspire, and serve the Central Florida community through the magic of music. OPO has served 187,000 patrons, 85,000 families, and 1 million students while promoting the transformative power of live music. OPO promotes the idea that music speaks for the heart. In turn, they believe music impacts growth, enrichment, inspiration, healing, maturity, and the expression of human experience. They are committed to fostering both the joy and wide-ranging benefits of arts education for all ages. The Orlando Philharmonic Orchestra embarks on a new musical adventure each season and performs in hospitals, schools, parks, and stages of all kinds. As the hub of music in Central Florida, the Orlando Philharmonic Orchestra continues to make a difference by spreading their love of music!

While we only covered one of our non-profit clients today, there are many incredible organizations that we have the honor of working with at MKA. MKA knows the importance of supporting our surrounding community. Now more than ever, it is important to do your part and give back. How can you and your company give back?

Do you work for a non-profit and need help with your accounting? Click here to avoid the worry of trying to focus on your mission and accounting!

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