Nonprofit expertise
Nonprofit Accounting and Grant Management
A nonprofit organization faces unique challenges that for-profit businesses do not, such as the annual filing of Form 990, compliance with (OMB) Circular A-133 requirements or paying taxes on unrelated business income. In addition, nonprofit receives grants from other entities that requires proper budgeting, tracking and reporting to meet specific guidelines. It is definitely well-worth it to bring on dedicated accounting professionals who specialize in these areas for accounting and grant management.
What We Do
- Assist with external audits
- Prepare quarterly and annual financial statements
- Submit annual Forms 990 and 990-T
- Prepare required supporting documents required for grant report submissions
- Budget planning & expense allocation
- Comply with federal & state laws affecting nonprofits
- Apply for tax-exempt status under (Section 501(c)(3) - including filing Form 1023