Specialized Nonprofit Accounting & Tax Compliance
Nonprofits face financial and compliance requirements that don’t exist in the for-profit world — from filing Form 990 to managing restricted funds, complying with grant terms, and determining when unrelated business income may be taxable. That’s why working with an accounting firm that specializes in nonprofits isn’t optional — it’s essential.
At Overhead Solutions Group, we focus exclusively on nonprofit accounting, tax compliance, and grant-driven financial reporting. Our team understands the regulations, funding structures, and reporting expectations nonprofits must meet to remain compliant, funder-ready, and financially sustainable.
Your Go-To Partner for Outsourced Nonprofit Accounting
We combine nonprofit-specific technology, proactive planning, and clear communication to ensure your financial decisions align with your bylaws, grant agreements, and long-term mission. Whether you’re an established nonprofit, foundation, association, or a new organization bringing an idea to life, we provide the financial structure and oversight needed to grow with confidence.
Here’s How We Support Your Organization:
- Preparation of quarterly and annual financial statements
- Annual tax-exempt return preparation and filing (Forms 990 and 990-T)
- Preparation of supporting schedules, including:
- Program and functional expense reporting
- Revenue support schedules
- Balance sheets and income statements
- Compliance with applicable state nonprofit reporting requirements
- Assistance with applying for tax-exempt status under Section 501(c)(3), including Forms 1023 and 1024
- Grant management, financial reporting, and vouchering support
- Audit and assurance services
Common Grant Management Mistakes We Help Prevent
Many nonprofits don’t lose funding because of poor programs — they lose it because of preventable financial and reporting issues. We help organizations avoid common grant management pitfalls, including:
- Mixing restricted and unrestricted funds
- Expenses that don’t align with approved grant budgets
- Inaccurate or unsupported vouchering documentation
- Incorrect cost allocations across programs or funding sources
- Late or incomplete grant financial reports
- Reimbursement requests that don’t tie to accounting records
- Weak internal controls over grant spending
- Financial statements that don’t reconcile to grant reports
- Audit findings related to grant compliance
- Unclear or inconsistent financial explanations to funders
Our goal is to help you stay compliant, confident, and funder-ready — so your organization can focus on impact, not cleanup.
Services
Nonprofit Accounting & Bookkeeping
Starting at $2,000 per month
Comprehensive accounting and bookkeeping for nonprofits that need accurate records, strong grant compliance, and clear financial reporting for funders, boards, and regulators.
- Quarterly transaction recording tailored to nonprofit transactions
- Bank and credit card reconciliations
- Quarterly financial statements designed for nonprofit reporting
- Quarterly financial reviews to ensure accurate grant and donor fund tracking
- Designated fund and donation categorization (restricted and unrestricted)
- Oversight of grant activity and donor-restricted funds
- Grant financial reporting for reimbursement-based and performance-based grants
- Grant vouchering support and preparation
- Budget creation and updates aligned with program needs and grant requirements
- Assistance responding to funder financial questions and documentation requests
- Year-end financial statements prepared for board review
- Annual tax-exempt return preparation and filing (Form 990 or equivalent)
- Tax and exemption advisory services
- Access to secure, cloud-based accounting software optimized for nonprofits
Audit & Assurance Services
Independent audit and assurance services designed to support compliance, transparency, and strong nonprofit governance.
- SSARS engagements, including financial statement compilations and reviews
- Credit union supervisory audits
- Grant compliance and audit support, including testing of restricted and unrestricted funds
- Review of grant expenditures for allowability and proper allocation
- Support for reimbursement-based grants and vouchered expenses
- Internal control and risk assessments tailored to nonprofit operations
- Identification of compliance risks and control gaps
- Audit planning meetings with management and leadership
- Clear, board-ready reporting and communication of findings
Tax Prep
990N (epostcard)
Minimum Cost $300.00
- Annual Gross Receipts normally under $50K
990EZ
Minimum Cost $1,000.00
- Annual Gross Receipts under $200K
- Total Assets under $500K
990 Full
Minimum Cost $2,500.00
- Annual Gross Receipts over $200K
- Total Assets over $500K
990PF
Minimum Cost $3,000.00
- All Private foundations
1120-H
Minimum Cost $2,000.00
- Tax return for homeowner and condo association