Nonprofit Accounting, Audit, and Form 990 Support
Nonprofit organizations face unique accounting, reporting, and compliance requirements. We provide accounting services for nonprofits that help tax-exempt organizations meet obligations to funders, regulators, boards, and stakeholders while keeping the record set useful for mission-driven decisions.
Who We Serve
- 501(c)(3) charitable organizations
- Private and family foundations
- Educational institutions
- Religious organizations
- Trade associations and membership organizations
- Healthcare nonprofits
Audit and Assurance
- Financial statement audits under GAAS
- Single Audits (Uniform Guidance)
- State charitable registration audits
- Review and compilation services
- Grant-specific agreed-upon procedures
Tax and Compliance
- Form 990 preparation and review
- State registration and annual reports
- Unrelated business income tax (UBIT)
- Private foundation excise tax
- Public charity status testing
- Tax-exempt application support
Accounting and Reporting
- Fund accounting and restricted fund tracking
- Grant accounting and compliance
- Functional expense allocation
- Board financial reporting
Determine the Required Engagement First
A nonprofit may need an audit because of state charitable-solicitation law, a grant or debt agreement, board policy, or federal award expenditures. Under the current Uniform Guidance threshold, a nonfederal entity that expends $1 million or more in federal awards during its fiscal year is generally subject to the Single Audit requirements, unless a program-specific audit is permitted. Awards, pass-through identifiers, Assistance Listing numbers, and subrecipient activity should be reconciled before the threshold and major-program analysis is finalized.
An audit, review, compilation, and agreed-upon procedures engagement answer different questions. We confirm who will use the report, the required accounting framework, regulatory filing deadlines, grant terms, and whether internal-control or compliance reporting is expected. That avoids paying for the wrong assurance level or discovering after fieldwork begins that a lender or funder required a different report.
Nonprofit Close and Audit Readiness
- Reconcile cash, investments, receivables, grants, contributions, payroll, payables, debt, and net assets
- Document donor restrictions, conditional contributions, functional expenses, in-kind support, and related parties
- Prepare board minutes, grant agreements, compliance reports, budgets, policies, and the schedule of federal awards
- Coordinate the audited statements, Form 990, state filings, and federal data-collection submission
Boards can review the Uniform Guidance audit requirement and our Single Audit threshold guide. We provide a request list and timeline early enough for management to resolve missing schedules without weakening day-to-day operations.
Board and Management Decisions
Financial reporting should help the board see operating results, liquidity, restricted resources, grant concentration, program costs, reserves, and compliance deadlines. We distinguish accounting corrections from control recommendations and identify which issues require board approval, a policy update, grantor communication, or legal advice.
For Form 990, management should review the narrative, governance questions, compensation, related organizations, fundraising arrangements, grants, and public-support calculations rather than treating the return as a mechanical tax filing. The audited statements and Form 990 should tell a consistent story, with documented explanations for legitimate differences in reporting periods or classifications.