Not-For-Profit Services Group
You need to make every dollar count, right? We understand. Without properly managed finances for your not-for-profit, making every dollar count can feel impossible. Corrigan Krause can help you meet your challenges head on, refining your financial reporting, driving greater efficiency in fundraising and, ultimately, helping you further the goals of your cause.Not-For-Profit Services Solutions
You know how accounting and management issues directly affect the fiscal stability of your not-for-profit. So do we. With many team members actively involved in not-for-profits both personally and professionally, we have firsthand experience with the scrutiny you face from government agencies, donors and members of your Board.
A successful not-for-profit is built on many things: sufficient funding and donations, reliable information and dedicated staff and volunteers to see it through the ups and downs. Corrigan Krause provides an extra layer to aid in your success: alternative consulting and guidance, from tax help to grant applications. We’re here to provide you with the tools to help your organization gain the trust and support of the communities you serve.
- Audit & Accounting
- Tax
- Business Advisory
- Executive/Leadership Advisory
- Cash Flow Analysis
- Internal Control Evaluation
- Operational Reviews
Choose a Firm that Specializes in the Nonprofit Industry
Nonprofit accountants provide specialized financial services tailored to the unique needs of nonprofit organizations. These services help nonprofits manage their financials, ensuring compliance with regulations and helping maintain transparency for donors, stakeholders, and the public.
Financial Reporting
Nonprofit accountants prepare financial statements such as the Statement of Financial Position (balance sheet), Statement of Activities (income statement), and Statement of Cash Flows. These reports differ from for-profit entities and often include details on the use of donor-restricted funds.
Grant Management
Many nonprofits receive grants that require tracking how funds are spent. Nonprofit accountants can help manage these grants to ensure compliance with reporting requirements and appropriate allocation of funds.
Tax Filings
Nonprofits are typically exempt from paying taxes, but you still need to file Form 990 (or other relevant forms) with the IRS, which your Nonprofit accountants can complete. This filing provides information on the organization’s financial health and ensures that they comply with tax-exempt regulations.
Budgeting and Forecasting
Nonprofit accountants can help you create budgets that align you’re your mission and operational needs. Accountants can also help plan your nonprofit’s financial future, making sure you have enough resources to sustain your programs.
Audits and Reviews
Many nonprofits are required to undergo financial audits or reviews, especially if they receive government funding. Nonprofit accountants prepare the organization for audits and work with auditors to ensure compliance.
Compliance with Donor Restrictions
Many donations come with specific requirements on how the money can be used. Nonprofit accountants help ensure that funds are used in compliance with these restrictions.
Financial Analysis and Strategic Planning
Nonprofit accountants provide insights into financial data, helping nonprofits understand their financial position and make strategic decisions to improve their operations and achieve their goals.
Business Advisory
Nonprofit accountants provide strategic financial guidance to nonprofits, helping you optimize operations and align financial goals with your mission. This guidance can offer insights into improving financial sustainability and long-term planning.
Executive/Leadership Advisory
Nonprofit accountants can advise nonprofit leaders and executives on financial strategy, governance, and decision-making. We can help leadership make better informed financial choices to support the organization’s mission.
Cash Flow Analysis
Nonprofit accountants can review and project cash inflows and outflows to help your nonprofit maintain adequate liquidity. This analysis supports better financial planning and helps avoid shortfalls that could disrupt operations.
Product Line Profitability Analysis
Nonprofit accountants can analyze the profitability of different programs, services, or products offered by your nonprofit. We can help determine which initiatives are financially sustainable and which require adjustments.
Operational Reviews
Nonprofit accountants can evaluate your nonprofit's operational efficiency and financial practices to identify areas for improvement. This review supports better resource allocation and cost-saving measures.
Meet Our Not-For-Profit Services Team
Latest Not-For-Profit News

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New Rule Modifies Federal Statute’s Definitions of “Employee” and “Independent Contractor”
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