Nonprofit Accounting That Helps You
Focus on Your Mission
Mission-driven organizations face unique financial, compliance, and reporting requirements. Annco's nonprofit accounting specialists understand these complexities — and handle them so your team can stay focused on the work that matters.
Mission-Focused
We understand that nonprofit finances serve a deeper purpose — your mission. Every recommendation supports your organizational goals.
Compliance First
We keep your organization IRS-compliant, grant-compliant, and board-ready — protecting your nonprofit status and funding relationships.
Community Partners
Bronx-rooted, we've served local nonprofits and understand the unique funding landscape, community needs, and regulatory environment.
Specialized Accounting for Mission-Driven Organizations
Fund Accounting & Financial Reporting
Nonprofit accounting is fundamentally different from for-profit accounting. Fund accounting tracks resources according to their designated purpose — ensuring that restricted grants are used correctly and that your financial statements reflect the true picture your board and funders need to see.
- Full fund accounting setup and ongoing management
- Separation of restricted, temporarily restricted, and unrestricted funds
- Monthly and quarterly financial statements prepared per GAAP for nonprofits (ASC 958)
- Statement of Activities (revenue and expenses) and Statement of Financial Position
- Board-ready financial reports with narrative commentary
Form 990 Preparation
The Form 990 is not just a tax filing — it's a public document that communicates your organization's mission, programs, governance, and finances to donors, grantors, and the IRS. We prepare it accurately and strategically.
- Form 990, 990-EZ, and 990-N preparation for all nonprofit sizes
- Schedule preparation (Schedule A, B, D, O, and others as applicable)
- Unrelated Business Income Tax (UBIT) assessment and reporting
- State charitable registration and reporting filings
- Prior-year 990 review and amendments
Grant Management & Reporting
Grants come with specific compliance requirements — and failing to meet them puts funding at risk. We help you track, spend, and report on every grant dollar in a way that satisfies your funders and protects your relationships.
- Grant expense tracking segregated by funder and program
- Budget-to-actual reports for each grant award
- Financial narrative support for grant reporting packages
- Allowable vs. unallowable expense guidance
- Indirect cost rate development and support
Audit Preparation & Support
Whether you're required to have a financial audit, a program audit, or a single audit (for federal funding recipients), we help you prepare thoroughly — organizing documentation, reconciling accounts, and coordinating with your auditors for a smooth, efficient process.
- Pre-audit readiness assessment and gap identification
- Financial statement preparation per audit requirements
- Support package preparation for the auditor
- Single audit (Uniform Guidance/A-133) support for federal grantees
- Audit finding response and corrective action plan support
Nonprofit Organizations We Support
Educational Organizations
Charter schools, tutoring programs, and educational nonprofits serving communities from early childhood through adult education.
Social Service Agencies
Human services organizations providing housing, food assistance, workforce development, and community support programs.
Faith-Based Organizations
Religious organizations and faith-based nonprofits needing bookkeeping, payroll, and 990 support.
Community Development
CDCs, housing organizations, and neighborhood improvement groups managing complex multi-source funding.
Arts & Culture
Galleries, performing arts organizations, and cultural institutions with grant funding and membership revenue.
Advocacy Organizations
501(c)(3) and 501(c)(4) organizations engaged in advocacy, policy work, and civic engagement.
Your Mission Deserves Expert Financial Support
Let Annco handle the accounting and compliance so your team can focus on the impact that matters.