Nonprofits have unique accounting needs—you live that reality every day. That’s why working with an accounting firm experienced with nonprofits is so important. We understand the challenges you face as you strive to balance revenue streams with your organization’s mission.
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Nonprofits are near and dear to us as demonstrated by our commitment to our community. You will find the partners and staff of Shannon & Associates working at various community events, having charity drives, attending fundraising events, and serving on boards of directors of non-client organizations. For example, firm-wide we participate annually in the United Way Day of Caring by helping a nonprofit organization in our community with a major service project.
Shannon & Associates has served nonprofits for over 50 years. We are committed to helping you succeed and achieving your goals. In today’s world, high quality governance is expected in nonprofit organizations. We can provide the financial services you need plus assist you with measuring and projecting outcomes of programs and services you plan in the future. We can also assist you with reviewing your administrative and fundraising costs to determine if they are an acceptable percentage of your overall expenses. These costs are critically reviewed by grantors and contributors who are interested in supporting your organization.
Shannon & Associates can help you get qualified initially with your tax exempt filing, and then make sure you stay qualified. We also do A-133 audits and HUD audits. And we can advise you on the best way to structure your nonprofit organization for optimal risk management and minimal tax liability. Having the right structure is especially important if you’re affiliated with a for-profit entity.
- Assurance services – audits, reviews, compilations, agreed upon procedures
- Audits in accordance with Government Auditing Standards and OMB Circular A-133
- Internal control review and strengthening
- Fraud prevention and detection
- Accounting and bookkeeping services
- Tax return preparation
- Tax planning and consulting
- Tax exempt filing
- State and local tax issues
- Employee benefit plans including audits of 403(b) plans
- Software and consulting
- Mergers and acquisitions
- Budgeting and forecasting
Types of Organizations Served:
- Social services organizations
- Special purpose and private schools
- Healthcare organizations
- Governmental services
- Arts and recreation
- Special purpose organizations
- Community clubs
To learn more about our new Red Flag Fraud Hotline, click here. This is a new service designed to protect organizations, their people, and minimize financial losses.
Trusted Partnerships for peak performance