Nonprofit

Succession planning is a critical component of organizational management and sustainability, especially for nonprofits. It involves identifying and developing individuals within an organization to take on key leadership roles when the current leaders transition out. But nonprofit succession planning isn’t just limited to key internal leadership roles. It also involves identifying and developing your governing…

ASC Topic 842, the accounting standard for leases, has brought significant changes for nonprofit organizations in their financial reporting. Over the past several years, these organizations have reassessed and reevaluated their lease agreements, determining the impact on their financial statements and disclosure requirements. Let’s explore some of the key lessons learned from the ASC Topic…

Princeton, NJ & Philadelphia, PA – Mercadien is pleased to announce several promotions within the firm’s corporate leadership team.  Ms. Melissa Correa, CRCM, a member of the Financial Institutions Services Group, was promoted to managing director of The Mercadien Group and principal in Mercadien, P.C., CPAs (the official titles of firm partners). Melissa has been…

Princeton, NJ & Philadelphia, PA – Mercadien, a leading accounting and advisory firm in New Jersey, is proud to announce its 60th anniversary of providing exceptional accounting, tax and advisory services to clients across various industries, including private companies, financial institutions, government entities, nonprofit and human service organizations and individuals and families. Since its establishment…

You have heard the phrase “risk management” over and over again, but have you taken the time recently to step back and really think about what that means to your organization?  Speaking as a board member of an organization for a moment, it’s my job to understand how my organization thinks about and manages risk. …

When your organization is looking at new technology, it’s easy to get caught in the weeds of evaluation, weighing pros and cons, testing vendors, and more. It’s an arduous process and, with the tech stack of an average business growing each quarter, one that won’t go away. The pandemic accelerated adoption of business technologies, some…

In today’s hybrid environment, outsourcing is commonplace and remote work has never been more accepted.  Combining those shifts with the need for more strategic thinking and financial leadership, your business could be in a prime position to benefit from a fractional CFO.  CFOs do substantially more than just maintain books and records and pay the…

Princeton, NJ & Philadelphia, PA – The Mercadien Group is pleased to announce several promotions within the firm’s corporate leadership team.  Ms. Bjondina Karpuzi, CPA, PSA, a member of the Private Company and Advisory Services Groups, was promoted to managing director of The Mercadien Group and principal in Mercadien, P.C., CPAs (the official titles of…

The Accelerating Charitable Efforts (ACE) Act is proposed legislation aimed at reforming the tax laws that cover charitable donations made by Private Foundations (PFs) and Donor Advised Funds (DAFs). The Act is supported by a bipartisan organization called The Initiative to Accelerate Charitable Giving, or IACG. One aim of the proposed legislation is to restructure…

Many emerging growth and middle-market companies stand to benefit from the expertise of an experienced financial and accounting professional but are hesitant to carry the cost of a full-time CFO or just struggle to fill that position.  Often, these organizations employ a bookkeeper and accounting personnel but lack a fully functional accounting department capable of…