Nonprofit Accounting & Tax Services
Magidov CPA Firm has a mission, and for more than fifteen years we have been proactive in helping both nonprofit organizations and private foundations achieve their own missions as well. Through a mix of financial guidance and consulting, we ensure each nonprofit we work with has the financial knowledge and resources to fulfill their goals.
At Magidov CPA Firm, we can help your nonprofit organization or private foundation with the following:
- Apply for nonprofit status
- Develop the organization’s mission, policies, and procedures
- Design internal controls
- Consult on safeguarding of assets
- Prepare nonprofit and private foundation tax returns
- Provide financial reporting on all three levels of assurance:
- Audit- an intensive examination with the highest level of assurance
- Review – some analytical procedures conducted with limited assurance
- Compilation – based upon client information provided
- Analyze unrelated business income
- Analyze whether public support test is met
- Implement accounting system
- Consult on fundraising rules and lobbying restrictions
- Assist with grant applications
- Track unrestricted, temporarily restricted, and permanently restricted funds
- Allocate joint costs between programs
- Endowment tracking and spending
- Restricted gift analysis
- Evaluation of executive salaries and deferred compensation
- Outsource accounting functions, such as receivables and payables
- Assist in recruitment of personnel
- Ratio analysis/benchmarking
We want to see your cause thrive. Please call or email our office today to see how our services can help your organization.