We help you streamline your financial operations so you can focus on your organization’s mission. At hfco, we support nonprofit executives with a comprehensive, wraparound approach to accounting and finance services, freeing you to focus on what you do best and empowering you to lead your organization with confidence.
Nonprofit leaders need more than financial reports. They need practical budgets, confident board meeting preparation, streamlined processes, and assurance of regulatory compliance. As your organization grows, we are with you at every step. No matter the transactional services we provide, we bring deep nonprofit expertise and a commitment to elevating your overall operations, not just your accounting.
hfco’s Nonprofit Accounting and Advisory Services (NAAS) cover every dimension of your organization’s financial life, from bookkeeping and grant reporting to board governance support, audit preparation, and custom financial procedures.
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Many nonprofit leaders and board members bring strong experience from the commercial business world. That expertise is a real advantage. Budgeting, financial reporting, transparency, and accountability matter everywhere. But nonprofits play by different rules and understanding...
By: Cristopher Sefransky, CPA, CFE, LSSGB Government grants are a critical source of support revenue for nonprofit organizations. Grant awards exist for a multitude of different types of organizations and allow the organizations to deliver...
Beginning in 2025, Pennsylvania non-profit corporations and other non-profits registered in Pennsylvania will now be required to file an annual report with the Pennsylvania Department of State. In November 2022, Pennsylvania Governor Wolf signed Act...
N.J. Governor Murphy signed legislation that effective immediately raises the threshold at which a nonprofit must undergo an audit from $500,000 to $1 million in gross revenues. It also provides that in-kind donations directly related to...
Earlier this month, the Internal Revenue Service (IRS) released a memorandum (CCA 202302012) concluding that a qualified appraisal is required when a taxpayer claims a charitable contribution deduction exceeding $5,000 for donated cryptocurrency. The memorandum...
Our Nonprofit Accounting & Advisory (NAAS) practice is staffed by advisors with deep nonprofit expertise. We work exclusively with nonprofits, so we thoroughly understand grant compliance, Form 990 preparation, audit readiness, net assets accounting, and the governance needs of nonprofit organizations. We also bring advisory capability such as: controller-level oversight, strategic financial planning, and board support. We serve as our clients’ outsourced controller and advisory CFO.
Yes. As part of our governance and strategic support services, we can attend board meetings and provide board-level financial training. We understand that your board needs to fully comprehend the financial statements and reports to fulfill its governance responsibilities, and we design our reporting and training accordingly.
Yes. Audit preparation is a dedicated service area within our NAAS practice. We assist with internal control documentation, account reconciliations, audit schedule preparation, closing journal entries, and financial statement preparation, giving your auditors exactly what they need and minimizing the disruption to your staff.
Yes. Grants management, including grant reporting, review of expense allocations, and review of supporting documentation, is a core part of what we do for nonprofits. We understand the specific compliance requirements of federal, state, and private foundation grants.
Yes, our initial consultation is complimentary.
Our NAAS practice is staffed by advisors with deep nonprofit expertise. We work alongside your executive director/CEO, finance staff, and board to deliver the financial clarity your organization needs to lead with confidence.
