SUPPORTING YOUR MISSION

Nonprofit Accounting Services, Tax & CFO Support

OUR CLIENTS

WHO WE SERVE

Nonprofits & Community

We work with a wide range of nonprofit and community-based organizations, including:

Partners

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Let’s Strengthen the Financial Side of Your Mission

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Financial Confidence For Nonprofit Organizations Making A Difference

FAQ

Frequently Asked Questions

Nonprofit accounting services help mission-driven organizations manage financial reporting, compliance, budgeting, tax matters, and strategic planning. Unlike for-profit accounting, nonprofit finance often involves grant tracking, donor restrictions, board reporting, and increased transparency requirements.

A nonprofit CPA understands the unique regulations and reporting standards that apply to charitable and community organizations. Greenwood Ohlund helps nonprofits improve accuracy, reduce risk, and strengthen financial decision-making.

Yes. We assist nonprofit organizations with tax compliance, filing requirements, and planning related to exempt status, reporting obligations, and other nonprofit-specific tax matters.

Yes. Our Audit & Assurance team provides financial statement audits, Single Audits, and other assurance services to help nonprofits meet stakeholder, grantor, and regulatory requirements.

Yes. Our Accounting & CFO Services provide leadership teams with financial insight, budgeting support, reporting improvements, and strategic guidance to help organizations operate more effectively.

We support a wide range of organizations including charities, foundations, faith-based organizations, educational groups, membership associations, and community-focused nonprofits.

Strong nonprofit accounting services provide clearer reporting, budget visibility, and strategic financial insight so boards and leadership teams can make informed decisions with confidence.

RECENT NEWS

Latest Updates and Insights from Greenwood Ohlund

Switching Banks? What Small and Medium-Sized Organizations Should Consider

Changing banks can create meaningful benefits for a small or medium-sized organization. A new banking relationship may offer better technology, improved customer service, lower fees, stronger fraud controls, greater borrowing capacity, or products that better support the organization’s growth. However, switching banks is rarely as simple as opening a new account and transferring the cash. Bank accounts are often connected

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IRS Form 990 transparency changes affecting nonprofit fiscal sponsorship reporting

The Form 990 Rarely Changes – So Why Is Everyone Talking About Fiscal Sponsorships?

Key Takeaway: While no new Form 990 reporting requirements have been proposed, recent statements from the U.S. Department of the Treasury suggest the IRS is taking a closer look at how nonprofits receive and manage funding. Now is a good time to review your gift acceptance procedures—particularly for fiscal sponsorships—to ensure your organization is well positioned if future reporting or

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IRS Automatic Penalty Relief (AEP) illustration explaining penalty relief eligibility and First Time Abate for taxpayers in 2026.

IRS Automatic Penalty Relief (AEP): What Taxpayers Need to Know for 2026

Automatic Penalty Relief is a new IRS initiative designed to reward taxpayers with a strong compliance history. Rather than requiring eligible taxpayers to request penalty relief after receiving a notice, the IRS intends to apply qualifying relief automatically for certain penalties. The program is expected to reduce reliance on the long-standing First Time Abate (FTA) process for many taxpayers. The

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Recent News

Latest Updates and Insights from Greenwood Ohlund

University Child Development School

Client Spotlight Q&A: University Child Development School

When did GO start working with UCDS, and how has this partnership evolved over the years?
 GO has proudly partnered with UCDS since 2022 to support the school’s financial stewardship and long-term sustainability. Over time, that partnership has evolved alongside the school’s growth and continued focus on innovative education, strong governance, and mission-driven planning. In what ways does the GO

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Ballard Food Bank

Client Spotlight Q&A: Ballard Food Bank

Ballard Food Bank When did GO start working with Ballard Food Bank, and how has this partnership evolved over the years? GO has proudly partnered with Ballard Food Bank since 2010, beginning with onsite monthly accounting support. In 2020, our relationship evolved to providing their annual audit and Form 990 preparation. In what ways does the GO Team support the

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