Nonprofits

Since 1973, AAFCPAs has helped nonprofits thrive by navigating complex regulations and compliance, funding, and grant requirements.

Empowering Nonprofits with Audits, Tax, Outsourced Accounting, Fractional CFO, and Strategic Consulting

Assurance, Tax, and Strategic Consulting for Nonprofits

Skillful financial management is essential to any viable organization. The financial reporting needs of nonprofits is proving to be increasingly complicated due to diversity among program offerings, highly-regulated funding sources, and in some cases, multiple real estate holdings.

AAFCPAs has been critical to the success of numerous sophisticated nonprofit organizations since our founding in 1973. We fully understand the unique culture and nuances of nonprofits, including the complexities of funding sources, grant requirements, and regulations that apply to nonprofit entities. Our depth of industry expertise coupled with our extensive exposure to the best practices in the sector makes us uniquely qualified to advise you on running a highly efficient and effective organization.

We provide audit, tax, accounting, and advisory solutions to diverse community, national, and international nonprofit clients.

Joyce Ripianzi
Joyce Ripianzi

Joyce Ripianzi

CPA | Nonprofit Partner, Outsourced Accounting & Fractional CFO

Solutions

AAFCPAs’ tailored services range from strategic decision-making and operational efficiency to compliance and risk management.

Tax Positioning & Compliance
Reimbursement Optimization
Outsourced Accounting & Fractional CFOs
Nonprofit Reserve & Endowment Management
Technical Accounting Advisory
Business Process Improvement
System Selection & Implementation
Data Intelligence
IT Security
Board Development and Governance
Independent/ Consultative Audits & Reviews
Budgeting & Strategic Planning

Tax Positioning & Compliance

AAFCPAs ensures compliance with a holistic approach to your nonprofit’s financial picture, optimizing resources and enhancing appeal to funders.

Learn more about our Tax & Compliance Solutions >>

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IRS Forms 990 presentation & filing
Tax Credit Consulting
UBIT Consulting
Net Investment Income Tax
Foreign Investment Reporting & Compliance
State & Local Tax
Tax Consulting Attorneys

Reimbursement Optimization

Maximize reimbursements and streamline financial operations tailored to your unique needs. Learn more. >>

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Revenue Cycle Assessments
Fee Structure Analysis
Sliding Fee Discount Program Assessments
Medicaid and Medicare Cost Reporting
Denials Prevention and Management
Dashboarding & KPIs
Healthcare Consolidation & Coordination of Care

Outsourced Accounting & Fractional CFOs

AAFCPAs specializes in providing high-quality, cost-effective cloud-based Accounting and Advisory solutions for commercial businesses and nonprofits of all sizes.  Learn More >>

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CFO Advisory
Finance Function Assessments
Financial Planning & Analysis
Outsourced Accounting and Bookkeeping
Audit/Tax Compliance Readiness

Nonprofit Reserve & Endowment Management

The stronger you are financially, the better you are able to serve your community. AAF Wealth Management constructs financial strategies which help you enhance and leverage the use of your assets for short and long-term goals, optimize the services you are able to provide, and further your mission. Learn More >> 

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Portfolio Management
Spending & Investment Policy Statements
Executive Benefits & Compensation

Technical Accounting Advisory

Enhance Financial Compliance with AAFCPAs’ Technical Accounting Advisory Solutions: New Accounting Standards, Complex Transactions, IFRS Conversion & Audit Preparation. Learn More >>

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Guidance on New Tax Code & ASUs
M&A Due Diligence
Grant Compliance
Lease Accounting

Business Process Improvement

Companies change in size, complexity, or just evolve over time.  Their processes do not necessarily evolve appropriately to match the company’s changes.  Typically, process changes lag behind advancements in their software too. Learn More >>

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Business Process Assessments & Gap Analysis
Internal Controls Consulting
Robotic Process Automation

System Selection & Implementation

In some cases, business processes may be improved through better optimization of existing systems and enhanced user training. In other cases, organizations may have simply outgrown their accounting and/or operations system. Learn More >>

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ERP & General Ledger Systems
Collaborative Budgeting
Migration to the Cloud

Data Intelligence

AAFCPAs helps clients transform data into actionable insights.

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Data Analytics & Dashboarding
Financial Planning & Analysis

IT Security

AAFCPAs’ IT/Cyber Security Assessments help identify risks from the use of technology that could potentially cause information loss or financial or reputational harm to an organization. Learn more. >>

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IT General Controls (ITGCs)
Vulnerability Assessments
Configuration Assessments
Infrastructure Operations
Regulatory and Compliance
Phishing
Vulnerability Management as a Service (VmaaS)
SOC Report Assessments for Outsourced Services

Board Development and Governance

Empower your Board to make informed, impactful decisions with AAFCPAs’ comprehensive Board Education Series. Learn more. >>

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Understanding Your Financial Statements
Board Responsibility and Fiduciary Duty
Forecasting and Budget to Actual Analysis
Management Assessment and Staff Turnover
Mission Map
External Image
Risk Management Facilitation

Independent/ Consultative Audits & Reviews

Experience the Best in Assurance Services with AAFCPAs: Expertise, Agility, and Exceptional Value

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Financial Statement Audits
Employee Benefit Plan Audits
Uniform Guidance / Single Audits
State-Specific Filing Requirements (e.g., UFR)
Audit Readiness

Budgeting & Strategic Planning

Whether we provide simple projections, complex financial modeling, or interpretive insights, AAFCPAs will greatly assist you in determining and achieving your organizations financial goals.

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Federal Funding Uncertainty
Financial Forecasts & Projections
Collaborative Budgeting Software
Financial Planning & Analysis

State & Local Tax

Nonprofit organizations are often thought to be tax exempt. But this is a misnomer, as there are many situations where a nonprofit may have to either pay or collect and remit tax. Learn More >>

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Employee Payroll Taxes
Property Taxes
Sales Tax

Tax Consulting Attorneys

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Nonprofit Formation and Dissolution
Tax-Exempt Status and Compliance
Nonprofit Conversion and Restructuring
Lobbying and Advocacy
Out-of-State Registrations

Nonprofit Industries AAFCPAs Serves

AAFCPAs is dedicated to serving nonprofits across a variety of sectors, offering customized solutions to support their unique missions. We go beyond traditional services by keeping you informed year-round with updates on evolving standards, tax laws, and industry best practices through webinars, seminars, email alerts, and one-on-one consultations. Explore the sections below to discover how we can assist your organization, or contact us to discuss your specific needs. If your specific mission area isn’t listed below, our tailored solutions are designed to meet the needs of any nonprofit.

  • “We are really honored to do the work we do. The group of young people we work with have a lot going on. I’m a youth worker at heart. So having our house in order economically, funding wise, and financial-system wise is crucial.

    Having a firm like AAFCPAs, with expertise for nonprofits, is critical. I think that as you grow and as you have more complicated funding sources and the need to navigate major economic shifts, having a firm that helps you advance through that and who you can comfortably ask questions to is really key. Because I don’t have a crystal ball.”

    Molly Baldwin, Founder and Chief Executive Officer Roca, Inc.
  • “It’s extremely helpful that AAFCPAs has specific expertise in the nonprofit sector. When we went out to bid, one of my interest points was that I wanted to find a firm with nonprofit background. I also wanted to make sure they had not only large but also smaller nonprofits in their portfolio. There’s a significant difference between the operations of large versus small nonprofits, particularly in terms of budget. Managing multiple aspects of the organization, especially maintaining proper separation of duties, becomes more challenging given differences in size. I feel very good just knowing that AAFCPAs has similar-sized clients. When choosing AAFCPAs, we absolutely found the right fit in an audit firm.”

    The right fit in an audit firm.

    Marie Downey, Former VP of Finance Catholic Memorial School
  • “Part of the value AAFCPAs provides nonprofit organizations is that they have a lot of clients in our industry and multiple partners in the space. If one partner doesn’t have the answer right away, they will reach out to another partner who does. There is no ego involved. I have only great things to say about the entire cohesive team.”

    Shelly Jackson, Director of Finance American Academy of Arts and Sciences
  • “When we initially went to bid many years ago, AAFCPAs presented the best proposal and one that was significantly better than the others. One of the things that became immediately clear was how many other nonprofit clients AAFCPAs had and that they were working with big name companies in our sector. A large part of their appeal was their understanding of nonprofits, whereas other audit firms didn’t understand our business. We knew from the start that their team fully understood how to work with various state departments and navigate the differences between them. It wasn’t just a general understanding of nonprofits but a deep knowledge of our specific business space as well as experience working alongside our colleagues. That gave us a lot of confidence going in. Their pricing is competitive with their peers, as well.

    We truly value having AAFCPAs as our business partners. Thank you for being there for us and for providing such expansive service offerings. Your unwavering support as a trusted resource means a lot, and we deeply appreciate everything you do.”

    Together through every challenge.

    Alan Lisak, BSBA, Chief Financial Officer Middlesex Human Service Agency, Inc.
  • “What truly sets AAFCPAs apart is their thoroughness and deep understanding of the current environment, regulations, and rules in finance, which are constantly evolving. They remain ahead of the curve. The auditors approach their work systematically and directly, which we greatly appreciate. They understand the implications their work has for our association. Their knowledge base, combined with an understanding of our business, is complemented by professionalism, accuracy, and thoroughness. We also value that the IT audits are primarily conducted virtually, with the collaboration between our team and theirs exceptional!”

    Linda Deane Senior Vice President, Chief Information Officer Old Colony YMCA

Audit and Tax for Nonprofits

AAFCPAs specializes in providing comprehensive audit and tax solutions tailored to the unique needs of nonprofit organizations. Our approach ensures that we not only meet compliance requirements but also add significant value to your organization. Our expertise spans various industries such as affordable housing, arts & cultural organizations, and associations. Our team consists of CPAs, auditors, consulting CFOs, consulting tax attorneys, systems and process architects, IT security professionals, and ethical hackers, allowing us to provide meaningful audits with actionable recommendations. We prioritize clear and timely communication.

Additionally, we provide insights, regulatory updates, industry news, and best operational practices through seminars, webinars, email alerts, and newsletters, along with board training on governance and financial responsibilities. Our affiliate, AAF Wealth Management, offers nonprofit reserve and endowment management, aligning investment decisions with your mission and social philosophy. We are committed to understanding and supporting your mission, challenges, and vision, providing technical guidance on various challenges such as right-sizing finance functions, maximizing processes and IT systems performance, and providing analysis and projections.

Our Solutions

Tax Compliance & Advisory

Specialized tax support for nonprofits, covering Forms 990, UBIT, multistate compliance, and more. AAFCPAs helps you stay compliant, optimize tax positions, and focus on your mission.

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Audit, Assurance & Attestation

AAFCPAs provides best-value audit and attest solutions for nonprofit organizations and privately-held companies.

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Advisory

AAFCPAs provides tailored business, information technology, and financial advisory solutions to nonprofit organizations, commercial companies, high-net-worth individuals, and estates.

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Outsourced Accounting & Fractional CFO

AAFCPAs provides right-sized, outsourced accounting & advisory solutions, from basic bookkeeping & compliance to advanced CFO advisory, analysis, and management reporting.

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Wealth Management

Wealth expands opportunities. It also expands your need for advisors who keep the full extent of your financial life in order while valuing your trust and confidence above all else.

Visit AAF Wealth Management

Save your spot for our 2025 Virtual Nonprofit Seminar!

Join AAFCPAs on Wednesday, April 30, for a full day of actionable insights and strategies tailored to nonprofit leaders and finance professionals.

Time: 8:45 AM – 3:00 PM ET (subject to change)
Cost: Complimentary to nonprofit executives
CPE Credits: Earn up to 5 credits

 

Register here. >>

Your Nonprofit C-Suite

AAFCPAs’ Nonprofit C-Suite stands as a center of excellence designed to empower senior nonprofit executives in pursuit of their missions. These tailored, C-Suite services range from strategic decision-making and operational efficiency to compliance and risk management. Our comprehensive suite of services is delivered by a diverse team of professionals, including CPAs, Consulting CFOs, Nonprofit Tax Attorneys, Business Process Automation Architects, IT Security Professionals, and Systems Engineers. With a team of 350+ multidisciplinary professionals, we leverage deep expertise and continuously enhance our skills through ongoing learning and hands-on experience.

Contact AAFCPAs

We look forward to speaking with you to determine how we may best solve your needs. A firm representative will reach out to you within one business day. Looking for additional ways to reach us? Visit our Contact Page. >>