Not-for-Profit

Not-for-Profit Services

nonprofit

With nearly 350 clients in the not-for-profit sector, HBE’s team of professionals offers the experience and technical skills needed to successfully serve the distinctive needs of clients in this industry. Through years of working in this sector, we ahve developed significant capability and fluency in the general business issues faced by not-for-profit and governmental organizations. We combine our extensive experience with industry leadership and insight to address the nuances of not-for-profit financial and operational  management. 

Working with your organization’s management and board members, we can help you achieve extraordinary results through sound business and financial advice paired with broad-based services and resources.

  • Targeted expertise and service.
  • Tools and resources tailored specifically to your organization’s needs.
  • Swift responsiveness and personalized, service-oriented philosophy.
  • Distinct record of performing high quality work.

HBE maintains memberships in several not-for-profit and government organizations including the AICPA Governmental Audit Quality Center and the BDO Alliance USA Not for Profit Group. HBE professionals also attend yearly continuing education classes specific to the not-for-profit and government accounting.

We understand that not-for-profit and government organizations have unique reporting needs, and our professionals are well trained to meet these needs. Beyond reporting and financial statements, each member of the HBE team will strive to fulfill the role as your trusted advisor.

We work with over 350 not-for-profit clients by offering them a wide variety of services including:

  • Audit, Review, and Compilation
  • Single Audits under Uniform Guidance
  • Preparation of Financial Statements
  • Tax Planning and Preparation 
  • Agreed Upon Procedures
  • Internal Control Analysis
  • Cash Flow and Budgeting
  • Board Training and Education
  • Exemption Applications
  • Comprehensive Outsourced Accounting and CFO Services

At HBE, we are continually working to expand our offerings to our nonprofit clients by means of practice aids, newsletters, educational sessions and client appreciation events, and one-on-one consulting sessions.

“[HBE] brought to us a team of professionals who truly understand the unique nature of fund accounting. The partner is actively involved in all aspects of the engagement and their responsiveness to our needs  is outstanding. We would highly recommend them to any entity seeking a quality accounting firm.”

Scott Lawson, Vice President, Finance, Lincoln Community Foundation

Key Considerations for Non-Profits When Selecting a New Accounting System

For non-profits, choosing the right accounting system can be even more complex than for a traditional business. Non-profit organizations have unique needs, including managing donations, grants, and ensuring compliance with strict reporting requirements. What is an...

Federal Grant Compliance: Key Resources and Best Practices for Navigating Audit Requirements

Written by,Lucas J. Post, CPASenior Accountant, HBE LLPJoin us  for an enlightening nonprofit education webinar focusing on the intricacies of applying for and managing grants. This webinar will bring to light what granters are looking for in their applicants and shed...

Recruiting New Nonprofit Board Members? HBE Can Help!

HBE’s breadth of experience in serving nonprofit clients has allowed many of our staff members to develop an in-depth understanding of what it takes to run a successful mission-oriented organization, making many of them excellent candidates for active board and/or committee participation.

CECL for Nonprofits Is Here – Helping You Prepare

Nonprofits have endured the challenges of adopting several new accounting standards over the last several years. Now, after a lengthy deferral period, the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-13, Financial Instruments –...

Effective Cash Management Solutions for Organizations

Written by, Lucas J. Post, CPASenior AccountantIn the Spring of 2023, the Federal Deposit Insurance Corporation (FDIC) acted on its first recovery measures due to bank failures since 2020. These recent events have led organizations to reevaluate the protection of...

Cryptocurrency Gift Acceptance Policy

By Emily Arrigo,Audit ManagerThe use of cryptocurrency has been on the rise in recent years with the younger, tech-savvy generation. Some investors are now looking at donating cryptocurrency due its potential tax savings. As cryptocurrency values have historically...

The American Rescue Plan Act of 2021 and Single Audit Requirements

By Zachary Fowler, Senior Accountant The American Rescue Plan Act of 2021 (ARPA) was a $1.9 trillion stimulus package signed into law on March 11, 2021. The bill provides additional relief to address the continued impact of COVID-19 on the economy, public health,...

Tips for Increasing Nonprofit Employee Retention

By Morganne Fuller, Senior Accountant  It's no secret that the world is experiencing a new climate that goes even beyond high-profile topics such as COVID-19 and politics. This new climate does not discriminate against any type of business, especially the...

Salary Increase Budgets Jump for Nonprofits

In the face of the “Great Resignation” and rising inflation, organizations are taking a second look at the size of their salary increase budgets. For the last decade, budgets for merit increases have hovered around 3%. Now, salary increase budgets are on the rise to...

Engaging Donors at Every Level: A Checklist

By Andrea Espinola Wilson and Adam Cole Nonprofit organizations have been navigating change in almost every aspect of their operations over the past two years, including shifting priorities, a new employment landscape, and changes in fundraising and hosting programs...

For further information on not-for-profit services, please contact us today at 402.423.4343.