Education

Bright ideas to improve the future for your bright young minds.

Today’s educational institutions face a growing spectrum of financial and other challenges in the years ahead:

• Costs are up. To compete, institutions now spend more on student services — recreation centers, cyber cafés, climbing walls, upscale locker rooms, etc. — than on instruction. At the same time, technology costs are rising as classes, materials, and procedures go online.
• Income is down. Endowment and other investment income have plummeted, government funding for public institutions is declining, and fan support for athletic departments has faded. This trend is putting a higher dependence on tuition revenues for educational institutions.

Where to turn?

At BerryDunn, our Education Group gives your organization the advantages of working with our team, CPAs and consultants who are experts in the industry.

From IRS regulations affecting education institutions to U.S. Department of Education student financial aid matters, we help our clients make better-informed decisions.

Do you know how the Affordable Care Act (ACA) will affect student health plans’ annual limits, preventive services, and medical loss ratios? Do you know the latest changes in not-for-profit employee benefit regulations? Or the most advantageous methods of investing in information technology?

We do. Because our specialists serve so many institutions of higher learning throughout the Northeast and across the country, and we understand your business.

Expertise that lights the way

As we analyze the specifics of your organization, you’ll gain new insight and perspective. We treat your issues as our own and work in collaboration with management to resolve them productively — with no surprises at the end of the day. This approach is efficient, and leads not only to deeper engagement, but also to greater project success.

We are active participants in NACUBO, EACUBO, and other education associations and are committed to keeping clients abreast of key developments in the field.

"Colby-Sawyer has used a number of audit firms in the twenty-two years I’ve been here. BerryDunn is far and away the best. You take for granted that CPA firms will be knowledgeable and familiar with higher education, and can complete the audit compliance requirements. However, BerryDunn goes beyond that. Their staff has become trusted advisors in all the financial aspects of the college and has helped us become more efficient in each phase of our operations. We seek their advice throughout the year on debt issues, compliance issues and in designing systems and procedures for new programs or services. They have taken the time to thoroughly understand Colby-Sawyer and have certainly contributed to our success. Although their chocolate intake is a little high, their service is worth it."

-  Doug Lyon, Treasurer, Colby-Sawyer College

Looking for more information about how we can help? Contact our education industry practice leader, Mark LaPrade.

Looking to the future? Look to BerryDunn.