Nonprofit Services

Here at Jimerson Advisory Group, we recognize that nonprofits operate with a unique blend of passion, purpose, and financial responsibility. Regardless of whether you are a grassroots community nonprofit, a faith-based organization, or a national association, our team is dedicated to providing specialized CPA services that enable you to focus on what matters most: your mission.

Bookkeeping and Fund Accounting

Managing nonprofit finances effectively requires precise bookkeeping and fund accounting that adhere to nonprofit reporting standards. We can ensure that your financial records are not only organized but also timely and accurately represent program-specific activities, grant expenditures, and restricted fund allocation. From daily transaction monitoring to monthly reconciliations, we handle your financial records.

Financial Statement Preparation

Essential principles for nonprofit organizations are stewardship, transparency, and accountability. By allowing us to prepare your financial statements, you will ensure that you stick to those principles. We prepare financial statements that adhere to GAAP standards, guaranteeing clear, professional, and beneficial statements for your board, donors, and grantors.

IRS Form 990 and Tax Compliance

Tax compliance is yet another area where we can bring our specialized expertise. Filing IRS Form 990 allows you to convey your nonprofit’s narrative rather than it being an obligation. We are equipped to prepare and submit all variations of the IRS Form 990, ensuring it is done promptly, accurately, and, most importantly, with a compelling narrative for stakeholders.

Budgeting & Forecasting

For nonprofits, budgeting and forecasting are crucial components of effective planning. We work alongside CFOs, executive directors, and board members to develop cash flow projections and strategic budgets that align with your organization’s mission. With our collaborative approach, we can help you estimate the funding needed, plan for growth, and prepare for any unforeseen circumstances.

Grant and Donor Reporting

For grantors and contributors, we provide thorough financial reporting, including customized reports that meet funding requirements. From monitoring limited gifts to giving detailed explanations of grant-related expenses, we ensure your financial records support your compliance and fundraising efforts.

Preparation and Assistance for Audits
Another crucial area we support is audit readiness. We tidy up your records, complete reconciliations, and assemble the necessary paperwork for auditors, ensuring your company is well-prepared for a successful audit. We support you at every stage, whether you go through a financial review or a comprehensive audit.

Strategic Advising and Board Reporting
We incorporate strategic advising into everything we do. We assist boards and nonprofit executives in understanding their financials. We convert financial data into strategic insights that guide long-term planning and big-picture decisions through financial dashboards, board presentations, and one-on-one consultations.