Non-Profit Services
Throughout its existence, Global Atlantic Partners has maintained a track record of successfully providing hands-on expertise and resources to the nonprofit sector. Our consultants possess comprehensive up-to-date knowledge and can be of valuable assistance to your organization.
Nonprofits exist to make a difference in people’s lives as well as to make our society a better place. Massachusetts alone is home to over 25,000 nonprofit charitable organizations.
What is often not fully appreciated is that nonprofits are becoming increasingly subject to many of the same stringent business and corporate governance principles as public companies. Moreover, breakdowns in integrity and fiscal management have the same unsettling effect on public perceptions. Accordingly, the level of scrutiny over nonprofit activities is increasing at a rapid pace.
If you want to stay current with recent changes as well as best practices and improve your organizational governance and accountability, thereby enhancing your credibility and public image, you have come to the right place. Over the years GAP has become well-versed in the following relevant areas:
With our insight and experience, we would like to offer you our services so that you can distinguish yourself within the nonprofit world. In addition to the services described below, GAP has developed a practical and easy-to-use automated tool ideally suited to manage and document a comprehensive risk management and governance program called Risk Mitigator (learn more here).
Services we provide
Financial Management
Temporary or Part-Time CFOs
Many nonprofits are finding that outsourcing the CFO function is not only cost-effective, but also brings a much higher level of expertise and a full team approach to issue resolution when your organization needs it. Our CFOs provide:
- Financial Statement preparation
- Budgeting and Cash flow management
- Investment management
- Internal control assessment and implementation
- Compliance with federal and state regulations
- Development of policies and procedures
- Interface with outside auditors
- Debt, Equity and Tax Exempt financing
- Tax preparation
Accountants and Bookkeepers
Industry trained, experienced accounting professionals work closely with nonprofit staff to develop accounting systems and internal financial control. Our Accountants and Bookkeepers provide:
- Audit preparation assistance
- Accounting on a day-to-day basis
- Accounts receivable and payable management
- Billing
- Fund accounting
Human Resources
Human resource professionals assist and implement all human capital functions.
- Employee relations
- Strategic planning
- Change management
- Organizational development
- Staffing
- Compensation
- Affirmative action
Governance and Risk Management
States Attorneys General and the IRS have recently increased significantly the level of compliance, accountability and due diligence required of nonprofits and their Boards of Directors (learn more here).
- Effective governance and best practices
- Risk management
- Fiduciary responsibility and Board of Director training
- Due diligence
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