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

Nonprofit board meeting minutes could become critical documents in an IRS review or legal proceeding. It is important to capture the right information.
Identity theft occurs when someone wrongfully obtains and uses another person's personal information, such as their name, Social Security number, credit card accounts, or other confidential data, and uses it to commit financial fraud or engage in other criminal activities while impersonating the victim.
Sponsorship and advertising can provide a real boost to your not-for-profit’s income. However, if sponsors or advertisers receive a “substantial benefit” or if providing benefits isn’t a related business activity, you may owe unrelated business income tax (UBIT).


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