Financial reporting

Proper and accurate financial reporting is critical to the growth and sustainability of your nonprofit.  Nonprofit Financial Consulting can assist your organization and staff by reviewing current reporting practices, offering improvement suggestions, and educating staff and board members on understanding financial reports.

Independent financial audit 

Most all nonprofit organizations can benefit from an annual independent CPA audit.  The staff effort to complete this annual report can efficiently be completed by a consultant with experience in this field.  Nonprofit Financial Consulting has nearly 20 years of preparing and managing the annual independent CPA audits for large organizations such as The San Diego Foundation and the Campanile Foundation as well as smaller nonprofits such as San Diego History Center and San Diego Second Chance.

board fiduciary RESPONSIBILITIES

Board members have fiduciary responsibilities that require them to understand and review the financial status of the organization on a regular basis.  A diverse board of passionate, financially committed, program committed individuals are not always well versed in reading and understanding financial reports.   Nonprofit Financial Consulting can present the organization's financial reports to management and the Board to educate them on understanding the reports as well as their fiduciary responsibilities.  Nonprofit Financial Consulting can also review the compliance requirements with the CEO to ensure the organization is following best practices.  

Budgeting

Budgeting is the backbone to useful financial reporting.  The annual budgeting process should include meetings with key staff, understanding of the sources of revenue as well as direct and indirect expenses, and cash flow needs.  Nonprofit Financial Consulting has nearly 40 years of experience developing and tracking annual budgets for both nonprofit and for-profit organizations.  Monthly or quarterly financial reports are greatly enhanced when the budget is properly and thoughtfully developed and monitored. 

ANnual tax preparation and filing

The 990 informational tax return is one method to enhance your organization's public image.  Many donors utilize this public report when assessing their interest in supporting local nonprofits.

Nonprofit Financial Consulting will work with your independent CPA to prepare work papers and ensure the "marketing" side of your return is presenting your organization at the highest level.

fundraising and program area support

Finance and Fundraising work toward a common goal of ensuring proper stewardship of donor gifts. Nonprofit Financial Consulting believes when these two departments work as a team, the organization can better attract and retain their passionate donors, increasing the stability and sustainability of the organization.

The program area of the organization fulfills the donor intent and/or the contract awarded.  With a collaborative effort between the program staff and the finance staff, donors can easily see the impact of their investments and the organizational reputation will proceed future grant applications, increasing the number of grants awarded.  

Financial software

The choices for financial software can seem endless and the cost/benefit has a huge range.  Nonprofit Financial Consulting can assist your organization if you are looking to upgrade or replace your existing financial software or if you are interested in determining if you are maximizing the utilization of your current software. 

accounting services

Whether your organization is in need of permanent or temporary accounting or bookkeeping services, Nonprofit Financial Consulting can fill that need.  Services include but are not exclusive to journal entry input, accounts receivable, payable input, bank reconciliations, report generation for grants and contract reimbursement monthly billings, revenue and balance sheet reconciliations, and report generation.   

CFO services - part-time, interim, or on an project basis to review and implement policies and procedures, prepare exemption applications, financial guidance, internal control recommendations, and/or finance task assessments.