Nonprofit Organizations

The Accounting You Need So You Can Support the Community

Limited sources of funding. Staff and volunteers stretched thin. Competition for grants. Rising costs and shrinking budgets. Nonprofits face myriad challenges such as these even outside of a pandemic while trying to provide crucial support services to their communities. That mission needs to remain No. 1. But how can you do that with so many challenges?

Nonprofits often have to provide third parties, such as board members, donors and grant organizations, with financial information. These usually come in the form of an audit, review or a completed Form 990. The special projects handled by a chief financial officer, controller or in-house accounting team are critical to a nonprofit’s growth and success. However, when

your financial team is pulling double duty – or a lower-level, less-experienced employee handles your bookkeeping – day-to-day accounting operations may suffer.

At Bailey Scarano, we understand the intricate needs nonprofits face – and how to help you navigate them. We go far beyond simple tax financial statement compliance to provide year-round advice. By working with our nonprofit team, you will have access to a range of experienced professionals who can help you connect with new business, banking contacts and other contacts to help further your mission. With our support, your board and staff won’t have to sweat the small stuff when it comes to IRS and other compliance concerns.

Advisory Services to Support Your Charitable Efforts

At Bailey Scarano, we provide a full range of accounting and tax and consulting services to non-profits large and small. But we don’t stop there. Taking a holistic approach, we focus on your company’s financial needs so you can focus on running a successful organization. You can count on us for tax advice, accounting services, specialized consulting and everything in between, including:

  • Financial statement audits, reviews, compilations and preparations
  • Internal Control support and reviews, including consulting and assistance with implementation of proper controls
  • Comprehensive bookkeeping services, including outsourcing chief financial officer, controller and bookkeeping assistance
  • Tax Services to support tax advisory and planning, in addition to and tax return and compliance matters.
  • Board of Directors reporting including easy-to-understand presentations of financial statements and standing.

Want to Learn More?

Reach out to Bailey Scarano today to discuss how we can assist your not-for-profit organization with its accounting or auditing needs.

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