Accounting for

Not-For-PRofit Organizations

Practical Experience & Knowledge

You need to build long-lasting relationships with partners who understand the not-for-profit industry and we understand that not-for-profit organizations face the same challenges as any business—making the best use of available resources, growing to support more services, remaining financially viable, and providing accountability. Since 1921, Olsen Thielen has had the opportunity to provide insight and guidance to Upper Midwest clients. Through our not-for-profit community experience and participation, we bring a wealth of practical experience and knowledge to each engagement.

Industry Expertise

Olsen Thielen serves over 300 not-for-profit entities, including charities, professional associations, religious entities, business leagues, cooperatives, foundations, insurance trusts, and political action committees. Our practical experience means we can identify with clients’ day-to-day management issues and operational concerns. Our professionals actively participate on not-for-profit boards of directors, chairing fund-raising committees, and giving their time and money to local causes.


The FASB continues to address accounting and reporting matters unique to not-for-profit entities. We offer insight into the changes impacting a variety of different types of organizations. 

Some of the areas in which we can assist you include:

St. Andrew's Lutheran Church

Case Study

20 years ago, St. Andrew’s was looking for a CPA firm they could build a relationship with to support them. President Pat Powers, CPA and Director Mark Bergquist, CPA at Olsen Thielen developed a connection with members of the church council and staff and began a longstanding partnership that continues to this day.

Contact a Specialist

Olsen Thielen has committed top talent and substantial resources to provide the best, most extensive services for not-for-profit organizations. Contact one of our industry specialists to discuss how we can help you work better, not harder, and have more time to accomplish your mission.

Articles & News

The IRS recently released the 2025 Health Savings Account (HSA) amounts, which have been adjusted for inflation.
Nonprofit audit findings usually contain recommendations that need to be taken seriously and acted on. Failing to take action could threaten your nonprofit's future.
Most charitable volunteers don’t think about potential legal and tax liabilities resulting from their volunteer activities. As a nonprofit leader, it’s your responsibility to ensure they never have to worry about such risks.


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