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non profits shannon associates1881 .pdf


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non profits shannon associates
Nonprofits have unique accounting needs—you live that reality every day. That's why working
with an accounting firm experienced with nonprofits is so important. We understand the
challenges you face as you strive to balance revenue streams with your organization's mission.
Nonprofits are near and dear to us as demonstrated by our commitment to our community. You
will find the partners and staff of Shannon & Associates working at various community events,
having charity drives, attending fundraising events, and serving on boards of directors of nonclient organizations. For example, firm-wide we participate annually in the United Way Day of
Caring by helping a nonprofit organization in our community with a major service project.
Shannon & Associates has served nonprofits for over 50 years. We are committed to helping you
succeed and achieving your goals. In today's world, high quality governance is expected in
nonprofit organizations. We can provide the financial services you need plus assist you with
measuring and projecting outcomes of programs and services you plan in the future. We can also
assist you with reviewing your administrative and fundraising costs to determine if they are an
acceptable percentage of your overall expenses. These costs are critically reviewed by grantors
and contributors who are interested in supporting your organization.
Shannon & Associates can help you get qualified initially with your tax exempt filing, and then
make sure you stay qualified. We also do A-133 audits and HUD audits. And we can advise you
on the best way to structure your nonprofit organization for optimal risk management and minimal
tax liability. Having the right structure is especially important if you're affiliated with a for-profit
entity.


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