For use in 2025 by congregations with Net Operating Incomes of less than $750,000, unless they need a certified audit for another reason. For further guidance on completing this form, please download the accompanying workbook.
For the Fiscal Year ending December 31, 2024, the threshold for this requirement is an NOI of at least $750,000.
What this Means
For Congregations with NOIs of $750,000 or more
All congregations with NOIs for 2024 of at least $750,000 are required to submit a certified audit.
For Congregations with NOIs of less than $750,000
Congregations with NOIs for 2024 of less than $750,000 may submit either the Alternative Audit or a certified audit.
Additional Requirements for Congregations Submitting the Alternative Audit
Congregations which submit the Alternative Audit are also required to submit the following:
1. the completed alternative audit worksheets found on the Diocesan website;
2. bank reconciliations for all bank accounts operating under the congregation’s employer identification number (EIN), whether belonging to the congregation or its organizations, for the period ended 12/31/2024
3. a profit and loss statement covering all of such congregation’s organizations, for the period ended 12/31/2024
4. a balance sheet covering all of such congregation’s organizations, as of 12/31/2024.
Please note that all congregations’ annual audit for 2024 must be submitted to the Finance Office by September 15, 2025.
Audits Submitted in 2025 for Financial Year 2024 must be uploaded using the Audit Upload form (add hyperlink https://dioceseny.org/2024audits/).
If you have any questions regarding any of the above, please contact us as soon as possible (see right of page for contact info).