Our Audit Services for Nonprofits
Assurance and accounting
BPM’s experienced professionals are familiar with the various standards and agreed-on procedures for nonprofit accounting and auditing under U.S. GAAP, along with the principles adhered to by the IRS in applying standards to nonprofits.
We perform financial statement audits under the Office of Management and Budget (OMB) Uniform Guidance and the Yellow Book, and we conduct attest services, accounting reviews and compilations to support audits. We also provide guidance on financial and banking statement reconciliations and assistance in preparing financial statements for published annual reports as needed.
Tax
BPM’s accounting and tax professionals can assist with a full range of filings, including IRS Forms 990 and related schedules reporting unrelated business income, etc., as well as state sales and excise taxes and filings for property tax exemptions.
Our nonprofit accounting and tax advisors can offer ways to increase productivity through automation, integration and user-defined workflows, helping you develop an integrated solution that meets your needs.
Development and fundraising advisory
We empower nonprofit clients to create new revenue streams, establish charitable giving programs and implement financial analysis procedures, allowing them to measure performance against their fundraising goals. We also counsel nonprofits on ways to develop internal control procedures to better manage these tasks.
We appreciate that contributions and other revenue from sales are vital to your nonprofit organization’s existence and growth. We well know the importance of developing new sources of revenue.
We help clients implement systems and strategies to help them reach new sources of funding, improve how income and expenses are tracked, and benefit from reporting capabilities and dashboards to assist them in strategic decision-making based on which outreach strategies, campaigns and targeted audiences have proven most successful.
Consulting
BPM offers nonprofit clients an array of business process and IT advisory services that can benefit their organizations, including:
- Setting up new accounting systems or reviewing and improving existing ones.
- Implementing formal budgeting and cash flow projections, along with attendant reports.
- Helping develop strategic and financial plans.
- Evaluating operations, processes and internal controls, making recommendations for improvement where needed.
- Examining pension plans and compensation programs.
- Implementing systems and procedures to better manage contributions and donor lists.
- Advising on accounting for charitable remainder trusts.
- Offering insight on fraud prevention, including investigations as needed.
- Preparing accounting and financial policy and procedure manuals and training in-house staff.
- Providing external controller and CFO support, including advising finance committees and nonprofit boards.