Nonprofit Solutions
For nearly 200 years, nonprofit organizations have strengthened our communities by filling service gaps and providing critical support to those in need. But to maintain their tax-exempt status, nonprofits must adhere to strict regulations regarding record-keeping, reporting, donor communication and operations. VetCents Accounting has been supporting nonprofit organizations for almost twenty years. Let us help you make sense of the rules and put processes in place to keep you in compliance. While our primary passion is animal welfare, we are happy to partner with other nonprofit organizations as well. Let’s work together to feed, heal, shelter, educate, inspire, enlighten, and nurture.
Many nonprofits get stuck in the “because this is how we have always done it” mentality. Don’t let the past limit your future.
- Clarify your mission and values
- Complete and submit an application for tax-exempt status
- Organize and efficiently maintain required records
- Set up proper fund accounting to track donor restrictions
- Prepare and file your IRS Form 990
- Improve the financial transparency reported on your 990
- Determine if you must file an unrelated business taxable income return
- Obtain a raffle license from the Department of Justice
- Construct and document policies and procedures
- Identify and submit grant applications
- Accurately report results back to grantor organizations
- Structure your financial statements to highlight your program work
- Create dashboard reports and key performance indicators
- Provide financial insight to your donors and board of directors
- Learn about private inurement and how to avoid it
- Discuss the potential consequences of influencing legislation
- Develop your board of directors
- Stay in compliance with ever-changing regulations
“If you always do what you’ve always done, you’ll always get what you’ve always got.”
~ Henry Ford
