Nonprofit Audit Services

CPA for Nonprofits 

We understand the “business” end of your nonprofit organization.  Our partners have served on numerous boards of nonprofit entities.  We have also directed internal business operations for a variety of nonprofits. Our experience as a nonprofit audit firm and nonprofit audit services 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 Accounting Services

We help organizations like yours, increase productivity 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 on 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 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 Consulting 

Nonprofit Tax Filing 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 nonprofit 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

PPP Forgiveness & The Nonprofit Double Dipping Dilemma

As borrowers near the end of their 24-week covered period and prepare to apply for PPP forgiveness, many nonprofit organizations face the issue of double dipping, or being reimbursed for the same expense twice by government agencies. A surprise to many is that the PPP guidance does not actually address double-dipping. Federal cost principles, detailed […]

Five Keys to Improving the Close Process for Nonprofits

The right nonprofit financial management team and reporting solution can be a critical driver of efficiency and visibility; the wrong solution can be a critical roadblock to strategic improvement. In accordance to “Close the Books” Survey Results – 2020 Edition, by Sage Intacct and our extensive experience with nonprofit outsourced accounting services, here are five […]

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: […]