Specialized accounting solutions for nonprofit organizations.

Credom & Associates, CPAs
123 Financial District
Seattle, WA 98101

+1 (253) 283-5477

info@credomcpas.com

Nonprofit Accounting & Compliance

Specialized financial services for nonprofit organizations, foundations, and charitable institutions.

Schedule Nonprofit Assessment

300+

Nonprofit Clients

99.8%

990 Approval Rate

$2.5B

Grants Managed

20+

Years Experience

Your Partner in Mission-Focused Financial Management

Nonprofit organizations face unique financial challenges, from complex fund accounting to stringent regulatory compliance. We provide the specialized expertise you need to focus on your mission while maintaining financial integrity.

Fund Accounting

Specialized fund accounting systems that track restricted and unrestricted funds according to donor intent.

Donor-restricted funds
Temporarily restricted
Permanently restricted

Form 990 Preparation

Expert preparation of IRS Form 990 series with strategic planning to maximize transparency and compliance.

Form 990, 990-EZ, 990-PF
Schedule A, B, G
State registrations

Nonprofit Audits

Single audits (OMB A-133), Yellow Book audits, and financial statement audits for nonprofit organizations.

Single audits
Program-specific audits
Board presentations

Annual Nonprofit Compliance Timeline

Stay on track with our comprehensive compliance calendar and support services.

Jan - Mar

Q1: Year-End Close & Audit Preparation

Complete year-end financial close, prepare for annual audit, and begin Form 990 planning.

Year-end financial statements
Audit preparation package
990 information gathering

Apr - Jun

Q2: Audit Completion & Board Reporting

Complete annual audit, present to board, and file Form 990 (due May 15 for calendar year organizations).

Form 990 preparation & filing
Audit completion
Board meeting presentations

Jul - Sep

Q3: Grant Reporting & Mid-Year Review

Prepare grant reports, conduct mid-year financial review, and update budgets.

Grant financial reporting
Mid-year financial review
Budget revisions

Oct - Dec

Q4: Budgeting & Year-End Planning

Develop next year's budget, conduct year-end tax planning, and prepare for audit.

Annual budget preparation
Strategic planning
Year-end closing procedures

Grant & Contribution Management

Comprehensive support for managing grants, donations, and restricted contributions.

Grant Proposal Support

Financial data and projections for grant applications and funding requests.

Budget preparation
Financial narratives
Sustainability planning

Grant Compliance & Reporting

Tracking and reporting on grant expenditures to meet funder requirements.

Expenditure tracking
Financial reporting
Audit support

Contribution Management

Tracking and acknowledging donations while maintaining donor relationships.

Donor database integration
Contribution tracking
Acknowledgment letters

Restricted Fund Management

Ensuring proper use of restricted funds according to donor specifications.

Fund tracking
Compliance monitoring
Reporting to donors

Comprehensive Nonprofit Services

End-to-end financial management solutions for organizations of all sizes.

Accounting & Bookkeeping

Fund accounting setup
Monthly financial statements
Accounts payable/receivable
Payroll processing
Bank reconciliations
Budget vs. actual analysis

Compliance & Reporting

Form 990 preparation
State registration filings
Charity registration
Annual report filings
Board financial packages
Donor reports

Audit & Assurance

Financial statement audits
Single audits (OMB A-133)
Yellow Book audits
Grant compliance audits
Internal control reviews
Fraud prevention

Strategic Advisory

Strategic planning
Board governance
Fund development
Program evaluation
Risk management
Succession planning

Technology Solutions

Fund accounting software
Donor management systems
Grant management software
Cloud accounting setup
System integration
Staff training

Tax & Regulatory

Tax-exempt status
Unrelated business income
Lobbying compliance
Political activity
Employment taxes
Sales tax exemptions

Nonprofit Technology Partners

We work with leading nonprofit software providers to deliver integrated solutions:

QuickBooks Nonprofit

Certified partner

Sage Intacct

Preferred partner

Blackbaud

DonorPerfect

Implementation expert

Technology Benefits for Nonprofits

Real-time Financials: Access financial data from anywhere
Grant Tracking: Monitor grant budgets and expenditures
Board Access: Secure portal for board members
Automated Reporting: Generate reports with one click
System Integration: Connect accounting with fundraising software

Nonprofit Success Stories

How we've helped nonprofit organizations achieve their mission with financial excellence.

Community Food Bank

$3M Annual Budget

Implemented fund accounting system that improved grant reporting efficiency by 60% and reduced audit preparation time by 50%.

Fund Accounting Grant Management

Education Foundation

$8M in Grants Managed

Successfully navigated single audit requirements for $5M federal grant while maintaining 100% compliance record.

Single Audit Federal Compliance

Healthcare Nonprofit

Regional Expansion

Supported merger with similar organization, achieving $500K in administrative savings while maintaining program quality.

Merger Support Strategic Planning

Focus on Your Mission, Leave the Finances to Us

Partner with nonprofit accounting specialists who understand your unique challenges and are committed to your success.

Call Now: +1 (253) 283-5477 Schedule Assessment