In addition to providing the accounting functions outlined on our Accounting Services page, we are able to expand our services to meet the unique accounting needs of nonprofit organizations.
With a strong background in nonprofit financial management, Angeline understands the need for tax-exempt organizations to comply with IRS record keeping standards. She also recognizes the need for nonprofits to successfully fulfill their fiduciary responsibility for proper handling of its revenue and support in accordance with its mission statement and donor restrictions.
Angeline can confidently take on the role of outsourced accountant for nonprofits, freeing organizational leaders up to perform the tasks necessary to engage their stakeholders and deliver critical services.
Expanded Accounting Services for Nonprofit Organizations
Summary Description
Our expanded accounting services for nonprofits go beyond the work described on our Accounting Services page. Angeline will also complete the following tasks for our nonprofit clients:
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Accounting for government grants.
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Accounting for contracted service agreements.
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Accounting for program revenues.
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Accounting for special events (including fundraising events).
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Accounting for capital leases.
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Accounting for In-kind contributions (goods and services).
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Accounting for indirect costs (allocating them in accordance with established cost allocation plans).
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Accounting for capital campaigns.
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Generating specialized reports, including: donor activities, pledge receivables, external grant progress reports, profit & loss by program, utilization of overhead by program, human resource allocations by program, and many more.
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Representing your organization during independent audits or external financial reviews (e.g. A-133 audits or audits of grant funds by funding agencies).
Ultimate Outcomes
Hiring Angeline as your nonprofit accounting specialist will yield the following positive results for your organization:
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Proper classification of income into appropriate subcategories of revenue and support.
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Donor restrictions recorded and discharged properly.
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Expenditures properly classified into Program Services, Management and Fundraising categories.
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Timely, accurate, detailed financial reports to Board members that are thoroughly reviewed and discussed.
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Access to a skilled nonprofit financial management resource.
Features & Benefits
We will provide these services on a monthly or quarterly basis. Depending the needs of your nonprofit organization Angeline can either serve as a liaison between the CEO or Executive Director and the Board Treasure with the specific goal of communicating the results of your financial data. Or, she can attend regular board meetings to present the findings associated with the analysis of your financial data to your entire board.
The above listed nonprofit accounting tasks will be performed by Angeline. The manner in which you engage her to communicate the results of your financial data is up to you.
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