Nonprofit

We’ve provided accounting and consulting services to nonprofit organizations for half a century. Let us work as part of your organization to help you maximize financial efficiencies and allocate more to your mission.

As a nonprofit organization, you may rely upon fundraising, grants, program revenues, membership dues, and income from investments. Your cash flow may fluctuate, but your commitment to your mission never wavers.

Abdo, Eick & Meyers has provided audit, accounting, and consulting services to nonprofit organizations for half a century. We understand the unique strategic, financial, operational, and regulatory challenges that may affect the way you operate. We are most comfortable working as part of your organization to help you maximize financial efficiencies and allocate more to your mission.

We know that having accurate, timely financial information at your fingertips can help you prioritize and plan ahead. As your trusted advisor, we can guide you in creating a sound budget and simplifying complex financial information for your staff and board members.

The services we provide to nonprofit organizations include:

  • Audit & Assurance
    • Audit
    • Employee Benefit Plan Audits
    • Extended Employment Audits
    • Lawful Gambling Audit
    • Review and Compilation Services
    • Single Audits
  • Accounting and Financial Services Outsourcing
    • CFO/Finance Director
    • Monthly Accounting
    • Temporary Accounting Help
  • Board Education & Training
    • Board Member Roles and Responsibilities
    • Internal Controls and Process Consulting
    • Other Board Governance Issues
    • Reading and Understanding Financial Statements and Form 990
  • Business Valuation & Analytics
    • Bench-Marking your Key Performance Indicators (KPIs) Against the Industry
    • Creating a Customized Narrative Report for Easy to Understand Financial Analysis
    • Financial Modeling
    • Performing Ratio and Trend Analysis
    • Transition Consulting
  • Exempt Organization Tax
    •  Analysis of Activities & Corporate Structure
    •  Entity Formation
    •  Form 990 and 990-T Preparation
    •  Form 990-PF Preparation
    • IRS Dispute Resolution and Collections
    •  Mergers and Dissolutions/Terminations
    •  Reinstatement of Exempt Status
    •  State and Local Tax Issues – Minnesota and Multi-state
    •  Tax Reporting and Compliance
  •  Fraud and Forensic services
    • Economic Damages Calculation
    • Fraud Risk Assessment and Prevention
    • Fraud Prevention
    • Litigation Support Services
  • Financial Reporting Standards Changes
    • Lease Contract Analysis
    • Liquidity Footnote Analysis
    • Revenue Recognition Standard
    • Training on Upcoming and Current Changes
  • HR and Payroll Outsourcing
    • Employer Assistance Programs
    • Human Resources Services and Consulting
    • Payroll Services (5 – 500 people)
  • Indirect Cost Allocation Rate Consulting
  • Operational Efficiencies
    • Continuous Improvement
    • Lean practice
    • Six Sigma
  • Third Party Audit Preparation and Response
  •  Unrelated Business Income
    • Analyzing Activities Subject to Unrelated Business Income Tax
    • Developing Cost Allocation Methods for Taxable Activities That Can Help Minimize your Tax Liability
    • Evaluating Various Planning Alternatives to Support Treating the Activity as Nontaxable, Including Restructuring
    • Form 990-T Preparation
    • Training on Tax Law Changes and How it Affects your Organization

Our passionate involvement in local and national nonprofits lets us stay current with the latest industry regulations and issues. We’re involved in several professional nonprofit organizations, including:

  • Minnesota Council of Nonprofits
  • MN Society of CPAs
  • American Institute of CPAs
  • DFK International Not-For-Profit and Audit & Attest committees

Our partners serve as board members and active participants in the following organizations:

  • Minnesota State University, Mankato
  • Mankato Area Foundation
  • St. Jude Children’s Research Hospital
  • Mercy Missionaries
  • Colon Cancer Coalition Foundation
  • Osseo School District Foundation
  • United Way
  • Minnesota Council for Quality

Related Services

Tax Services

For nearly 50 years, we’ve helped clients spend less time worrying about their taxes. Our tax services go beyond what’s considered standard to help you plan effectively—and keep you from paying more taxes than necessary.

Audit Review and Compilation

Attest Services

Our audit, review, and compilation services meet your needs while complying with current reporting practices.

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