Is your 990 or 990EZ being prepared accurately?

Is your organization up to date with your state and federal filings?

Can you access the financial information you need to lead your organization well?

If you are not happy with how you answered those questions, Strand and Associates provides consulting and contracted services to help nonprofits in and around the South Puget Sound area manage their money more effectively and efficiently. Work can be done on site as well as remotely for organizations further away.

Financial Services

The effectiveness of any nonprofit organization depends on its financial strength. We provide nonprofit organizations with bookkeeping and accounting services in order to help them manage their financial resources more accurately, efficiently and effectively. From short-term consulting projects to regular, ongoing services, we can help get your financial house in order.

Whether you are an established nonprofit or a new start-up, we can:

  • Provide ongoing bookkeeping and payroll services.
  • Create an appropriate Chart of Accounts.
  • Work with you to develop an informative and accurate cash management system.
  • Prepare accurate financial statements and improve the quality of your reports to your funders and Board of Directors.
  • Train staff and board members in financial literacy.
  • Help you create and implement a cost allocation plan.

Our services are provided by skilled professionals with extensive experience in nonprofit financial management. We will work with you to set up a schedule and work description that fits the needs of your organization.

Form 990 Preparation

Almost every organization exempt from federal income tax must file some version of the form 990. Once filed those form are in almost all cases available to anyone who wants to see them. Few industries are subject to as much scrutiny as nonprofit organizations are. Is your nonprofit ready for such scrutiny? Are you and your board confident that your form 990 or 990EZ tells an accurate story about your organization?

For the returns filed in 2011, reporting about your 2010 tax year, the gross receipts threshold for filing the full form 990 have dropped to $200,000. This means that organizations that have not had to file the updated form 990 with its increased disclosure requirements will now have to do so. Strand and Associates can help you make sure your organization has the policies and practices that the updated form asks for in place by the time you have to file.

Strand and Associates is dedicated to helping your nonprofit be the best that it can be through sound management, governance and financial stewardship. Look to us to help you prepare your forms and answer your questions and present an honest picture of your organization to the world.
Whether you are an established nonprofit or a new start-up, we can:

  • Prepare your Form 990, Form 990EZ or Form 990N depending on your income and asset levels.
  • Prepare any state filings which use information from your form 990.

Policies, Procedures and Support Materials

Mr. Strand can create and document policies, procedures and support materials related to your accounting and finance, cost allocation systems and time sheets/time activity reports. These projects conclude with custom staff training in implementing and integrating new policies or procedures.

Contact us for a free, no-obligation consultation to evaluate your bookkeeping system, recommend changes and discuss how we can help.

Value Added

The following features enhance Strand and Associates’ ability to provide top-level products and services to our clients:

  • Availability as on-call financial consultant following major projects.
  • Access to a network of associates in relevant fields (such as auditing, risk management and fundraising) that we can call on as needed.
  • Knowledge of and commitment to the nonprofit sector.
  • Knowledge of nonprofit-specific accounting, the audit process and risk management principles and procedures.
  • Familiarity with financial accountability, integrity and transparency as a practice and as they pertain to the larger context of nonprofit management and governance.

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