Not-for-Profit Organizations (NFPs)

Not-for-Profit Organizations (NFPs)

Not-for-profit (NFP) organisations have different needs and priorities from traditional businesses in many aspects. They work to achieve their goals and missions through the steadfast commitment of a dedicated staff and Board of Directors. The zeal and passion of the employees and volunteers comprising NFP's are fundamental to their continued dynamic growth throughout Canada. While NFPs’ are a productive and puissant force in the Canadian landscape, they nonetheless face unique challenges in regard to transparency, strategic planning, adherence to their mission, financial reporting, and adaptation to the changing regulatory NFP world.

Our Experience

At Kriens-LaRose LLP we understand the value that NFP’s add and take great pride in our involvement with many NFP’s providing multifarious services to the greater community. We bring immense expertise and business acumen to the NFP sector, performing audit engagements for a multitude of not-for-profit clients. Thomas Kriens acts as the partner leading the firm’s not-for-profit group and holds an enormous passion for this segment.

The firm has been active in the not-for-profit sector since 1997 and has developed a niche in working with over 120 not-for-profit organisations, including trade and professional organisations, community groups, charities, and condominium corporations. We understand that not-for-profit organisations work first to achieve their goals and missions; profitability is a secondary concern. Through our involvement with numerous not-for-profit organisations, we have developed a clear understanding of the budgeting, accounting and financial reporting requirements of NFP organisations.

Our Commitment

We are acutely aware of the timing and reporting challenges that NFPs face and their needs for effective and economical professional services; at Kriens~Larose we strive to provide the outstanding level of service that will enable NFP’s to overcome any impediments in their path.

We are also committed to providing our NFP clients with timely and skilled services at a fair price. Through our commitment to continuous professional development and our careful planning of audit engagements with our NFP clients in an effective and professional manner, we successfully deliver value to these noble organisations in fulfilling their visions.

Our Difference

Our assurance division had focused on the NFP sector, cultivating long-term relationships based on mutual respect and trust. Our team has been chosen based on their individual experience and professionalism in dealing with the NFP market.

As a firm, we embrace continuous professional development specifically pertaining to the NFP sector. In turn, we offer to our NFP clients the benefit of our experience and expertise in delivering professional services tailored to their organisations, based on an in-depth understanding of our NFP clients’ needs and expectations.

NFP Sector Involvement

Naturally, Thomas Kriens is an active volunteer in the not-for-profit area; he has been proactive in writing educational articles, running seminars, and assisting organisations in need. He joined the Canadian Society of Association Executives in 1993 and is currently a member of their Board of Directors in the position of Vice-Chair.

Not-For-Profit Experience

Our NFP experience includes:

  • Trade and Professional Organizations
  • Educational Institutions
  • Charitable Organizations
  • Community Groups
  • Churches
  • Condominium Corporations
  • Sports Organizations
  • Publicly Funded Social Organisations

Our Services

Our NFP services include:

  • Auditing and accounting: annual audits and the options available to NFP organisations
  • Taxation compliance for NFPs
  • Advisory services, due diligence, governance, financial policies and controllership