Nonprofit CPAs and Accounting Services
DMPS experienced industry nonprofit CPAs and advisors can help your organization survive and thrive with specialized nonprofit accounting services.
Nonprofit Advisory
Nonprofit and charitable organizations face many of the same challenges as their for-profit counterparts. However, due to their tax-exempt structures and organizational missions, they frequently face challenges that require unique experience and insight.
DMJPS has years of experience providing nonprofit advisory services. DMJPS serves hundreds of nonprofit organizations throughout North Carolina and offers comprehensive expertise and knowledge of the industry.
We strive to provide solutions and best practice recommendations to help nonprofits maintain financial stability with increased accountability and transparency ‒ an essential goal during volatile times.
How DMJPS Nonprofit CPA and Accounting Services Help Your Organization
DMJPS helps charitable and civic organizations, educational institutions, community foundations, trade associations, and other nonprofit organizations meet complex compliance requirements, optimize their organizational structure, and fine-tune funding source agreements and financing arrangements.
In addition to nonprofit advisory services, we also provide a range of other services to help you focus on your mission and achieve your organization’s vision.
Auditing Services
Our nonprofit CPAs utilize a risk-based approach that considers your business risk, an understanding of your internal controls, and a fraud risk assessment.
Tax Services
We can assist with all nonprofit accounting services, including helping your organization obtain and maintain tax-exempt status. We prepare all required tax information returns for organizations with unrelated business income. Our experienced nonprofit CPAs apply various tax-planning strategies to lessen this burden and help prepare and file payroll tax returns.
Internal Controls
We can make recommendations to improve your accounting systems and procedures. When elaborate internal controls are impractical because of an organization’s size, we recommend controls that help protect the organization’s assets and produce accurate reports.
Board Member Services
Your board of directors directs your organization and provides much-needed oversight. Building and maintaining a board that fits your organizational needs will help chart the right future for your nonprofit. Our nonprofit CPAs can assist in developing fraud prevention policies, financial governance training and education, and professional development needs.
Other Services:
- Management consulting – Our nonprofit advisory services include diverse areas such as fraud detection and ERISA compliance.
- Revenue enhancements – grants, donations, and other funding sources drive your organization’s ability to sustain operations and affect your causes.
- Accounting procedures & reporting – you need accurate and transparent reporting to your internal and external stakeholders. While a full audit may be necessary in some cases, agreed-upon procedures engagements can provide limited scope assurance for specific audiences.
- Equity allocation – appropriately allocating your assets takes planning and knowledge of objectives and restrictions. Some assets come with temporary or permanent restrictions governing their use.
- Financing alternatives – nonprofits have many financing alternatives, including tax-exempt bonds, taxable bonds, loans, and bank direct placements. Our nonprofit accounting services help you undertake effective capital planning, including analyzing available funding sources and how to utilize various tax-exempt structures.
DMJPS Nonprofit Advisory Services Advance Your Cause
Do you want to maximize your organization’s resources so you can better focus on fulfilling its mission? Let us help. DMJPS can help with tax preparation, financial auditing and reports, and maintaining your tax-exempt status.
Contact us now for a free consultation with one of our nonprofit CPA specialists to learn more about our strategies for growing your nonprofit organization.
