Non-Profit Services

It is important for non-profits to engage with a qualified team who has experience working with non-profit organizations to ensure compliance with relevant laws and regulations and to maintain financial transparency and accountability. Our firm can provide a range of essential services to non-profit organizations. These services are crucial for ensuring financial transparency, compliance with regulations, and overall financial health. Some of the key services that we offer to non-profits include:

• Financial Statement Preparation: Our experienced firm members can prepare accurate and reliable financial statements, including balance sheets, income statements, and cash flow statements. These statements help non-profits understand their financial position and performance.
• Audit and Assurance Services: Our team can conduct independent audits or reviews of the non-profit’s financial records to provide an unbiased assessment of their financial reporting and internal controls. These services are often required by donors, grantors, or government agencies for accountability and transparency.
• Tax Planning and Compliance: We will help our non-profit clients navigate complex tax regulations, ensuring compliance with tax laws, and identifying opportunities for tax deductions or exemptions specific to non-profit organizations.
• Internal Control Evaluation: We assess the non-profit’s internal control systems to identify weaknesses and suggest improvements. Strong internal controls help prevent fraud and financial mismanagement.
• Budgeting and Financial Planning: Our team can assist non-profits in developing comprehensive budgets and long-term financial plans, which are essential for effective financial management and achieving organizational goals.
• Board and Staff Training: Understanding compliance regulations is important. We can provide training sessions to the non-profit’s board members and staff, helping them understand financial statements, compliance requirements, and their financial responsibilities.
• Non-Profit Status Application: We will determine through the application process if the organization meets all the financial and operational requirements to receive non-profit status.
• Form 990 Preparation: Form 990 is an annual informational tax return that most tax-exempt organizations are required to file with the IRS. We can prepare and file this form accurately.
• Consulting and Financial Analysis: Our firm can provide valuable financial insights and analysis to help non-profits make informed decisions about resource allocation, fundraising strategies, and program development.
• Risk Management:  We can assess financial risks that the non-profit may face and recommend strategies to mitigate those risks effectively.