As a nonprofit organization, you have numerous areas on which to concentrate: fundraising, grant applications, program revenues, budgeting, and controlling costs to name a few. With all of these concerns the one constant is that your commitment to your mission never wavers.
At Day & Day, PA, we understand the unique challenges that affect the way you operate. We know that having accurate, timely financial information can help you operate your organization to its fullest extent. We can guide you in creating a sound budget and simplifying complex financial information for your staff and board members.
We have significant experience in providing accounting, audit and tax services to not-for-profit organizations. We feel that our non-profit practice area serves to exemplify our commitment to the community. Our firm is actively involved in numerous worthy causes and we take great pride in providing quality, cost-effective services to the organizations in our community. We have extensive experience serving on and consulting with not-for-profit boards and understand the difficulties in running a non-profit agency and stand ready to provide any help that we can.
Areas in which we may be able to help you organization include:
Applying for tax exempt status (Forms 1023 and 1024)
Preparation of federal tax returns (Form 990/990-T)
Audits, reviews and compilations
Creation of budgets
Monthly accounting, bookkeeping and board reporting
Effective risk assessment and responsive internal controls and internal control structure
Governance and board development, responsible board oversight
Audit committee oversight and risk assessment
Cost and expense tracking and reduction strategies
Proper use of funds for exempt purposes within the scope of donor restrictions
Avoiding unreported or unreasonable compensation, excess benefits
Taxation and reporting for ministers
State laws, including formation, registration, charitable solicitations
Compliance with FASB statements, including drafting financial statements and disclosures in accordance with GAAP
Funding and fundraising, (i.e. proper wording of appeal, accounting procedures)
Our experience includes organizations in the following areas: