Nonprofit Financial Management by Elevate Wealth Advisory
At Elevate Wealth Advisory, we have a team of experienced, highly qualified advisers who are committed to helping you run your nonprofit more smoothly. We offer financial management for nonprofit organizations that need help in acquiring, maintaining, and disposing of assets, planning and setting financial goals, allocating resources, and tracking and reporting their finances. Our budgeting and financial management for nonprofits will make it easier for you to maintain compliance with local and federal regulations and better serve your targeted communities. Call us to learn more about nonprofit financial management.
Importance of Financial Management in Nonprofit Organizations
Nonprofit managers and executive teams must be smart about how they manage their finances. They cannot always survive on donations alone. Without the necessary funding, they may not be able to manage the rent, utilities, payroll, office supplies, and marketing services that secure those donations. Working with an experienced financial adviser can help you build a nonprofit financial management strategy that supports your goal and mission and helps you better service your community.
Financial Basics for Nonprofit Managers
Understanding financial basics is crucial to establishing trust among donors, employees, and the community you serve. People depend on you to confirm that you are spending the nonprofit’s funding and resources wisely. Our advisers can help you better understand the financial basics for nonprofit managers and provide you with guidance and resources throughout every stage of your journey. The key elements of budgeting and financial management for nonprofits are:
- Compliance with local and federal regulations, including IRS and state tax rules regarding tax-exempt status, financial reporting, and donation collection and allocation
- Accurate and timely recordkeeping that tracks incoming donations and assets, income, expenses, grant funding, and more
- Financial reporting and analysis
- Routine financial audits
- Realistic budgeting for expenses like rent, utilities, payroll, supplies, marketing and outreach, and more
- Careful allocation of funding across programs and activities
- Internal controls to prevent fraud, misuse, and loss and to safeguard assets while ensuring accountability, accuracy, and transparency
- Establishing trust among donors, grantors, and the community you serve
- Effective and proactive financial planning for short-term and long-term financial needs
Our Comprehensive Nonprofit Management Services
When you run a nonprofit, your focus is on helping the community you serve. You may not have the time, resources, or background needed for competent and effective nonprofit financial management. Our experienced, highly qualified advisers offer comprehensive nonprofit management services. Let us lift the financial burden by assisting you with everything from investment strategies to recommending asset allocations that ensure your funds work for you so that you can help more people.
- Acceptance of illiquid gifts
- Asset allocation recommendations
- Consolidated monthly reporting
- Cost-effective liquidation
- Customized performance reporting
- Endowment management
- Investment policy statement
- Periodic market updates
- Spending policy & management
Why Choose Elevate Wealth Advisory
At Elevate Wealth Advisory, we are committed to helping nonprofit managers and executive teams navigate their finances and ensure compliance with all local and federal financial regulations. We understand the importance of every penny in helping you better serve your community’s needs and reach your financial goals. We can act as a trusted partner and advisers, providing education, resources, insight, and guidance that will help your nonprofit achieve its goals and serve its community. We have been a trusted wealth adviser for over 40 years, and our team can bring you closer to reaching your goals through systematic, strategic financial management.
Schedule a Consultation for Nonprofit Financial Management
Call us now or contact us online to schedule a consultation with our advisers for nonprofit financial management services. We know that maintaining your nonprofit’s financials and assets is more than a means to an end. We can help you plan, track, report, and keep your finances to serve your community better and comply with local and federal regulations.
