nonprofit accounting

CPA for Nonprofits 

We understand the “business” end of your nonprofit organization and nonprofit accounting.  Our partners have served on numerous boards of nonprofit entities.  We have also directed internal business operations for a variety of nonprofits. Our experience varies from religious organizations through federally qualified health centers (FQHC), museums, clinics, transitional housing, and support facilities.  

The first step may be to have us help you make sure you are a tax exempt organization, and help you understand the term nonprofit. See our blog Nonprofit Organization Need to Make a Profit? because the term nonprofit actually refers to the purpose of the organization.

Nonprofit Outsourced Accounting

We help organizations like yours, increase productivity in nonprofit accounting systems through automation, integration and user-defined workflows. O&S will drive the process to develop a fully integrated solution to meet your needs in order to achieve your organization’s vision and mission for growth and success!

Nonprofit Development Related Services 

To help our nonprofit clients create their all-important revenue streams, we have established charitable giving programs, and created sophisticated financial analysis procedures to measure the performance against fundraising goals. We have also counseled our clients in how to develop internal control procedures to manage these tasks.  

We would be happy to assist you in growing your nonprofit “business.” 

Nonprofit Assurance Services 

Below is a list of nonprofit accounting services that we can deliver with confidence. We have many years of experience with Uniform Guidance and governmental accounting principals that apply in this industry. 

  • Financial statement audits, reviews and compilations  
  • Single audits under OMB Uniform Guidance 
  • Yellow Book Audits 
  • Agreed-upon procedures 
  • Attestation engagements 

Nonprofit Accounting Consulting 

Nonprofit Tax Services 

  • IRS (Exempt from Income Tax) Form 990 preparation  
  • Unrelated business income tax 
  • State excise taxes 
  • Property tax exemptions 
  • State sales tax issues 

 

Through the causes they support and the people they help, nonprofit entities create livable communities for our society. Through our development-related, assurance, business consulting, and tax services, we hope to make your local nonprofit organizations successful and gratifying for their founders, employees, volunteers, and supporters.  

Websites that may be helpful to your organization: 

www.irs.gov 

www.stayexempt.org 

www.guidestar.org

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NONPROFIT INSIGHTS

Nonprofit CFOs Agree – Cloud Financials Key in Running a Nonprofit Today

In the mission-driven nonprofit world, accounting and financial management can sometimes slip down the priority list.  It’s not always easy to allocate budget dollars to back office infrastructure that doesn’t directly support the nonprofit agenda, and it’s even harder to find the time and expertise to make it all work.  Consider some of the obstacles: […]

After Tax Reform, Here’s What the Nonprofit Sector is Watching

By Courtney Rozen Initial estimates aren’t promising: The American Enterprise Institute projected June 18 that the law would reduce charitable giving by $17.2 billion this year, according to a static analysis. But in the six months since Republicans passed the 2017 tax act (Pub. L. No. 115-97), much of the impact is yet to be […]