Nonprofit
We help local nonprofits, throughout Minnesota, grow and thrive in their communities.
Minnesota Nonprofit Accounting experts.
We understand the complexities surrounding the organization, the motivation of leadership and the viewpoint of the people served. Smith Schafer will help you become a more responsible steward of funds and a more efficient provider of services.
Our Experience.
Our Nonprofit Service Group is committed to serving over 280 Minnesota nonprofits. We strive to provide high-quality services in a timely, cost-effective manner. Our nonprofit clients appreciate this approach, which is evidenced by the low level of lost clients which the firm has experienced.
Specialized Nonprofit Industry Services:
Accounting Services
Audit & Attest
Reviews & Compilations
Qualified Benefit Plan Audits
Agreed Upon Procedures
Quarterly Corporate Reports
Fraud & Internal Controls Review
Transactional Due Diligence
Bookkeeping & Payroll
Quickbook ProAdvisor Services
Technology Consulting
Business Process Reviews & Consulting
Entities We Serve:
Associations
Business Leagues
Charitable Organizations
Civic Organizations
Faith-Based Organizations
Member Organizations
Private Foundations
Private Schools
Social Clubs
Youth Organizations
Actively involved in the industry we serve, we are proud members of:
AICPA Audit Quality Center Member
Smith Schafer is a member of the American Institute of Certified Public Accountants Audit Quality Center. As a member, we have access to comprehensive resources that assist us in further enhancing the quality of our nonprofit audits. The membership provides us timely information on a variety of technical and regulatory subjects that we apply to audits to help ensure compliance with the appropriate standards and changes in regulations.
We are here to help. Let’s start the conversation.
Contact us today to schedule a consultation with one of our industry experts.
Nonprofit Industry Resources
5 Questions to Ask Yourself Before Selecting an Auditor
Searching for an audit firm can be a time consuming and stressful task.
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Nonprofit Industry – Functional Expense Statement Tips
Nonprofit organizations will need to include a breakdown of expenses by their natural expense classification and their function for years beginning after December 15, 2017.
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Nonprofit Webinar: 2018 Accounting Standard Changes
Smith Schafer Audit Manager, Adam Kellerhals, hosted a live webinar where he discussed the liquidity requirement in the new accounting standard as it relates to nonprofit organizations.
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