A social service organization is accountable to its various stakeholders for the use of funds received either as fees, donations or grants. These include the donors of the funds and the people whom the organization serves. In addition, the organization’s tax-exempt status carries with it a much broader responsibility to society at large.

Who Needs This Service?

Vicenti has worked with all types of social service organizations, from large and established organizations to small start-up community service organization with big dreams.

Benefits to Our Clients

We can assist social service organizations in the following areas:

  • Audits, reviews and compilation engagements
  • Financial analysis, including performance measurement ratios
  • The development of internal, interim financial reporting to administration and trustees
  • Strategic planning support
  • Compensation studies
  • Tuition pricing and competition studies
  • Training of your accounting office staff
  • Utilization of restricted resources, including endowment funds
  • Development and management of endowment spending rates
  • Proper accounting and financial reporting for restricted resources
  • Federal Title IV student financial aid compliance
  • Allocation of common costs to departments and functional areas
  • Internal control assessments
  • Improving utilization of technology in accounting and business processes
  • IT system security issues
  • Development of financial policies
  • Defining governing board financial oversight responsibilities, including duties of an audit committee
  • Monitoring of compliance with bond financial covenants
  • Planned giving
  • Tax compliance pertinent to exempt organizations
  • Fraud Investigations