Year-End Best Practices for Family Foundations: Strengthen Governance and Compliance
As the year comes to a close, family foundations have an important opportunity to review their governance practices,…
Read Full ArticleConcentrate on fulfilling your mission while we focus on the financials to grow your organization.
Not-for-profits face big challenges in today’s economy and regulatory environment, so the need for rigorous internal controls and solid reporting mechanisms is greater than ever. Anders has decades of experience working with not-for-profit organizations and can help you comply with regulations and be protected for your future. Most importantly, we’ll free you to develop long-term growth strategies so you can focus on fulfilling your mission.
For not-for-profits, tax planning and preparation can get complicated. Our tax advisors help organizations navigate 990 tax forms to understand what they’re paying.
Our advisors develop insights through financial statement audits, single audits, agreed-upon procedures and other analyses to help not-for-profits strengthen internal controls and identify areas to improve operations.
We recognize that a one-size-fits-all technology strategy doesn’t work for every organization. At Anders, our technology advisors can work directly with your IT team to supplement expertise and save overhead costs, or act as your entire outsourced IT department and helpdesk. With experience working with not-for-profits, we help organizations like yours secure their donor tracking software to prevent costly data breaches and support fundraising efforts. We can fill in the gaps your company has in network and server monitoring and maintenance, Microsoft licensing, CIO-level strategy, helpdesk outsourcing and other IT advisory services as needed.
From development of policies and fiduciary responsibilities, to overall board governance and financial input, our advisors help not-for-profits make strategic decisions to move their organization forward.
Anders works with a range of leaders and professionals in the not-for-profit industry, including:
Gain insight into the not-for-profit industry with these resources from Anders:
We moved a small not-for-profit organization to Office 365 using a large vendor discount. Employees can now utilize email and collaboration tools, and easily access and share documents at a fraction of the cost.
While auditing a labor union client, we encountered difficulties with reconciling the numerous categories of dues revenue during analytical testing. The client’s process for classifying revenue receipts and allocating the correct amounts from various income streams required time-consuming calculations each week by the client and was subject to human error. The client’s office manager was spending between 20-25 hours a month performing all of the manual calculations needed to allocate the dues categories based on the manner she received the deposit data from their third-party administrator.
The Anders team was able to develop a process to automatically calculate the various income allocations and populate a journal entry each week. The new revenue allocation process cut the client’s time from 20+ hours per month to 1-2 hours at maximum and will make future audits more efficient.
Learn more about the latest not-for-profit trends from leading Anders professionals.
November 26, 2024
Erin E. Prest
As the year comes to a close, family foundations have an important opportunity to review their governance practices,…
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Jeanne M. Dee
In-kind contributions, or gifts-in-kind (GIK), play a critical role in supporting not-for-profit organizations’ program activities and mission goals.…
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Jeanne M. Dee
Keeping your not-for-profit on mission depends on your organization’s ability to overcome the riskier areas in compliance: donor…
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