Nonprofit

Nonprofit

Complex changes in financial reporting standards and regulations impact nonprofit organizations just as they do for-profit businesses. The seasoned nonprofit team at ARB understands the unique accounting and financial management challenges of your environment, and can deliver pragmatic advisory services regardless of your unique internal resources and capabilities.

ARB is active in the Nonprofit Advisory Community in New England.

How We Do It

We meet our nonprofit clients’ needs by being accessible and by offering savvy, sensible and warm-hearted financial advice. Our pragmatic and experienced team provides solutions that help nonprofits meet their regulatory obligations and move toward their goals while keeping their limited resources focused on fulfilling their mission.

Financial Reporting and Audit Services
Compliance Audits Under Uniform Guidance (A-133) and MAPP
Preparation of Federal Information Forms 990 and 990T
Internal Control and Operational Systems Reviews

Customized services and financial statements for your specific needs from lending or regulatory compliance or just an independent look at your financial information.

Take compliance audits to the next level by not only following the standards, but using them to enhance your organization’s effectiveness in achieving your mission.

Use the mandatory, public federal information return to tell those who use it about your organizations successes and accomplishments, while staying compliant with your reporting obligations.

Internal controls are the backbone of your organization to protect the integrity, safety and soundness of your financial information and assets.

Benchmark-Based Reporting
Risk Management
Assistance with Board Governance Issues
Mergers & Acquisitions

Use the financial information you have with the benchmark information we can provide to understand areas for opportunity and improvements.

Risks come from all directions and take many forms. Let us help you identify the most pervasive to your organization with recommendations that don’t crush your budget.

Beginning active members on boards ourselves, we understand the obstacles that can lead to institutional inertia. We can help facilitate goal focused meetings to ensure engagement and ownership in the direction of the organization.

Accounting and tax strategies to facilitate the unique requirements of mergers and acquisitions for nonprofits.

Accounting Software Selection & Implementation
Budgeting and Strategic Long-Range Planning
Cash Flow Analysis and Management
Forecasts and Predictions

Information is the key to making informed business decisions. If your accounting and program software is not up to par, the professionals at ARB can assist in making the right selection and ensuring the programs function to maximum effect.

Your goals are great, but your resources are limited, planning for tomorrow and the future ensures your organization is on a path to achieve greatness.

Fluctuations in your revenue cycle can make managing your cash flow a challenge. We can help you implement systems to track short term cash needs and long-term strategic spending.

Understanding your goals and assumptions is critical to assisting you with creating achievable forecasts and projections.

How We're Helping Our Nonprofit Clients

Presentation of Financial Statements: Organizations need to learn to properly classify and record contributions, expenses, and liquidity under the new financial statement presentation rules.

Internal Controls: Whether you’re lean on staff and everyone does two jobs, or are growing out of your office space, it’s important to review your internal control processes periodically to mitigate the opportunity for fraud.

Lease Standards: Nonprofits that lease the space in which they operate will need to understand and make appropriate changes before the 2020 implementation date of FASB’s (ASU) 2016-02 standard intended to increase transparency around leases.

Nonprofit Advisory Services Team Leaders

Jason LeBlanc, CPA 

Nonprofit Advisory Services Practice Leader

Jason specializes in financial and compliance reporting for nonprofits and works closely with organizations ranging from private schools to youth organizations and beyond. He assists nonprofit organizations with strategic planning, development of internal control systems, implementation of accounting policies and practices, and other compliance issues including Uniform Guidance/OMB Circular A-133 and the State of Maine Uniform Accounting and Auditing Practices for Community Agencies (MAAP).