Nonprofit accounting requirements are complex, and each organization has its own operating style, revenue sources, and operational challenges.
All nonprofit organizations must be transparent in the financial information they present to their donors and to the general public. These and other challenges often require nonprofit organizations to have the support of trusted advisors. CPA firms can fill that role in many areas, not only reporting on the performance of the prior year through financial statements and filing your organization’s annual Form 990, but also looking to your organization’s future. Working with a CPA firm that has industry specific team members can be especially critical for nonprofit organizations.
Kathleen Clayton on HBK Nonprofit Solutions
Your CPA firm should be steeped in experience and expertise. By working with a firm with team members dedicated to nonprofit industry work, you will have trusted advisors who understand your compliance concerns and have the knowledge and knowhow to help you address them. However, their expertise should extend far beyond compliance. They should be able to help you with topics including composition of your board, organizational structure, and compensation as well as have the resources and relationships to help you with needs including information technology, software, bookkeeping, CFO services, and benchmarking. This support all comes while supporting you and your organization’s mission.
HBK Nonprofit Solutions is a dedicated team of subject matter experts within HBK CPAs & Consultants, an Accounting Today Top 100 CPA firm. Our team members work with hundreds of clients in the nonprofit sector and have more than 35 years providing financial compliance and consulting to nonprofit organizations. In addition, we offer the hands-on experience and technical skills to help nonprofit organizations fulfill their missions and reach their goals.
"*" indicates required fields