Accounting | North Carolina Center for Nonprofits

Nonprofit Financial Resilience: Understanding “Full Costs” and Dialogue on Post-COVID Recovery

This program is designed to strengthen the financial resilience of nonprofit organizations in North Carolina. Intended for both funders and nonprofit leaders, the program will begin with an introduction to the concept of “full cost” funding and budgeting as strategies to support nonprofit financial health. Full cost goes beyond programmatic budgeting to include things like having working capital to pay bills on time and having reserves to manage risks or opportunities.

How Your Nonprofit's Accounting Operations Can Weather the Storm

Jaime Campbell, Tier One Services, LLC and Mig Murphy Sistrom, Mig Murphy Sistrom, CPA, PC

We are both CPAs and accounting firm owners, committed to serving the nonprofit sector. We welcome this opportunity to share our observations and advice on how the pandemic has affected the accounting work of nonprofits. Since we are both committed to centering racial equity in our work, we have applied an equity lens to these topics.

PPP Forgiveness and CLA Intuition 2.0

Presenter Michele Pratt, CLA, shared in-depth details about PPP loan forgiveness, including eligible costs, required documentation, who is eligible to use the EZ application, clarity on limits for both the 8- and 24-week periods, PPP Flexibility Act and the safe harbor date, and the impact on year-end financial statements. She also explored financial modeling, with discussion of the impacts from COVID-19, cash management and cash modeling, contingency plan considerations, and scenario planning.

“Full Cost” Is the Way Forward

Jeanne Tedrow, President & CEO, North Carolina Center for Nonprofits

Managing a nonprofit’s finances is no small or easy task. Nonprofits and those who seek to do good while making a difference in our communities are to be commended for their ability to manage resources and revenue. More often than not, nonprofits make a way when many would say there appears to be no way. To make things happen for the good, they become creative as they leverage financial support with in-kind donations and volunteer labor.

Norton Collar Lund Lilley, PLLC

For years, Norton Collar Lund Lilley, PLLC has been providing quality, inclusive financial guidance to not-for-profit entities. Our expertise ranges from tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning. By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year.

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Blackman & Sloop CPAs

Established in 1973, Blackman & Sloop, CPAs, P.A., is a full-service accounting firm. We take our commitment to the community as seriously as we do our commitment to our clients. One of our firm’s core values is to PAY IT FORWARD, which fuels our passion for making a difference in the communities where we live and work. We believe that being a good steward results in positive changes to the world around us.

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MPC Certified Public Accountants

Audit & Attestation - For businesses, not-for-profit organizations, & employee benefit plans

Tax & Compliance - We prepare & file tax forms for individuals, corporations, partnerships, trusts & estates

Accounting Services - To meet all bookkeeping, payroll & financial reporting needs for your

Organization Business Consulting - We can assist with a multitude of services: succession planning, business valuation, workflow efficiency, budgeting or forecasting

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Williams Overman Pierce, LLP

In business more than 45 years, Williams Overman Pierce, LLP is a full-service public accounting firm with offices in Raleigh and Greensboro. We are honored to serve nonprofit organizations across North Carolina. Our team of professionals will work hard to help your organization achieve its goals. We are knowledgeable about the specific accounting and tax issues faced by nonprofits, and we stay current on developing standards and regulations that impact your organization.

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Sharpe Patel PLLC

Sharpe Patel PLLC is a full service accounting firm with locations in Raleigh and Charlotte.

Sharpe Patel PLLC believes nonprofits serve as a valuable part of our society. We are committed to providing these important organizations with superior service. As a member of the North Carolina Center for Nonprofits, our goal is to serve as a partner with nonprofits, not a vendor, and to assist them in their ongoing missions and success.

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