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.
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.
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“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.
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“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
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“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
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“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.
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“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.
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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.