Banks, Finley, White & Co. has a thorough understanding of the importance of financial reporting for nonprofit organizations that are accountable to multiple stakeholders, including private and institutional donors, local, state, and federal agencies, volunteers, program recipients, and the public at large. Organizations that demonstrate accountability can determine how successful they will be as well as determine the ability to grow and continue to serve the needs of the community as they achieve their missions.
Banks, Finley, White & Co.’s objectives of financial reporting for nonprofit organizations is to provide information to current and potential resource providers and others in assessing (a) the services and its ability to provide those services, (b) how management has discharged its stewardship responsibilities, (c) the organization’s economic resources, obligations, and net resources and (d) the effects of transactions, events, and circumstances that change those resources.
Our experience allows us to provide innovative solutions that meet the needs of nonprofit organizations. Some of the services we provide to nonprofit organizations are:
- Audits, Reviews & Compilations
- Uniform Guidance Single Audits
- Form 990-Return of Organization Exempt from Income Tax
- Grant Administration and Compliance
- Internal Financial Systems and Controls
- Employee Benefit Plan Audits
- Strategic Financial Planning
- Cash Flow Management
- Agreed Upon Procedures
- Indirect cost proposals
- Cost Allocation Plans
- Internal Audit Services
Types of nonprofit organizations served by Banks, Finley, White & Co. include:
- Public and Private Foundations
- Community Action Agencies
- Health Care Organizations
- Legal Services Organizations
- Churches
- Youth Services Organizations
- Charitable Trusts
- Business and Community Development Organizations
- Unions
- Child Care Organizations
- Trade Associations
- Arts and Cultural Organizations
- Housing Projects