Not-For-PRofit Organizations
Practical Experience & Knowledge
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.
NOT-FOR-PROFIT Services
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:
- Financial statement audit, review, and compilation
- Tax return preparation, review, and planning
- Strategic and business planning, board development, and training
- Exempt status and revocation issues
- Unrelated business income taxes
- State and local tax reporting
- Application for tax-exempt status
- ERISA employee benefit plans
- Revenue recognition
- Accounting, payroll, controller, and CFO services
- Transition management
- Budget preparation
- Building reserves, cash flow, and forecasting
- Fraud, cybersecurity and internal controls
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.
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