Principal
Cathleen Karpik
CPA
Cathy provides audit and accounting services to nonprofit organizations, educational institutions, and human services organizations navigating complex reporting and compliance requirements. Her experience includes audits, reviews, and compilations for organizations with mission-driven operations and evolving financial needs. She helps organizations maintain financial accountability while navigating funding requirements, operational demands, and long-term planning decisions.
Education
Canisius University, Bachelor of Science, Accounting
Community
Cloverbank Elementary PTA (Frontier CSD), former Board Member and Officer
Professional
American Institute of Certified Public Accountants
National Association of College and University Business Officers
NYCPA – The New York State Society of CPAs
Not-for-Profit Organizations Community of Practice
Ask Me About
The last LEGO I built
Service Expertise
Industry Expertise
Latest Insight
The Value of Tangible Property Donations
Nonprofits occasionally receive donations of tangible property such as real estate, jewelry, or business inventory. What’s important about these donations, is knowing how to value these gifts for compliance and accurate reporting. Most items are valued at fair market value, but factors like restrictions, unrelated use, and donor cost basis can affect the calculation.