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 Nonprofit Service Group is committed to serving over 300 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
- Quickbooks ProAdvisor Services
- Technology Consulting
- Business Process Reviews & Consulting
Entities We Serve:
- Business Leagues
- Charitable Organizations
- Civic Organizations
- Faith-based Organizations
- Member Organizations
- Private Foundations
- Private Schools
- Social Clubs
- Youth Organizations
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.
Why Nonprofit Clients Choose Us
“Smith Schafer and its staff have been a joy to work with.”
– Minnesota Economic Development Foundation
“Years of great, dependable service!”
– Wilensky Family Foundation
“Excellent service matched with quality work and great people.”
– Minnesota Builders Exchange
“We have gotten consistent, positive results with Smith Schafer. We value them as a trusted partner with this organization.”
– Best Prep
“Since 1995 we have been approached by other CPA firms and have occasionally put our audit out to bid, but Smith Schafer is always the one we choose. They understand the complexities of our business, and their professionalism is outstanding.”
– Family Service Rochester
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
IRS Plan Approval Eligibility Extended to 403(b) Plans
Starting in 2023, tax-exempt employers like schools, churches, governments, and other not-for-profit organizations can request an IRS determination letter for their 403(b) plans for the first time.
Revenue Recognition Case Studies
with Customers (ASC 606) has gone into effect and will be significantly changing some financial statements and the recognition of revenue
5 Questions to Ask Yourself Before Selecting an Auditor
Searching for an audit firm can be a time-consuming and stressful task. However, it can be maneuvered easier if you know what to look for, have realistic expectations, and ask the right questions.
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