Text on orange-yellow background, bat flying above a circled image of hand holding document

Gather round, it’s (not-so spooky) storytime–nonprofit accounting style! It might be the season of tricks and treats, but I promise you, reading your Statement of Activities doesn’t have to be scary. 👻  Can it be a bit tricky, though? Yes! That’s why I am here to share what it is and how it can be…

Read More
Navigating Nonprofit Finances

As a CPA that is entrusted with the finances of  a great many nonprofit organizations, the team at Lumix frequently finds itself fielding questions  related to nonprofit finances. We gathered five top tips to point your nonprofit in the right direction on where to focus financially based on our in-depth understanding of the nonprofit sector…

Read More
Nonprofit CPA reviewing data charts and graphs of financial performance with client.

Nonprofits face many unique challenges when compared to other sectors. One hardlined reality? Nonprofit finances are susceptible to a high level of scrutiny. The general public, donors, and governmental authorities can all be sources for an eagle-eyed analysis of a nonprofit’s financial records. As a CPA and financial advisor to nonprofit associations and organizations, this…

Read More
Woman accountant being taught about good and bad overhead

Overhead expenses are unavoidable when running any kind of organization, including those in the nonprofit sector. Overhead line items tend to be highly scrutinized in the nonprofit world, where charities and other organizations are judged by how they allocate their funds to anything outside of the scope of mission-driven programmatic spending.  In this article we…

Read More

There is nothing like the excitement of hearing that you are being awarded a generous grant.  As a mission-driven organization, your goal is to provide a valuable service to your community. Grant money can feel like the essential “blood” that courses through the work you do and brings “oxygen” to a variety of programs and…

Read More

Contributed by our Director of Grants & Compliance, Victoria Hougham You’ve just received a Federal funding award. Congratulations! But, what now? As a Federal grant award recipient you are required to follow all statutory and regulatory requirements. Understanding all of the grant compliance requirements and navigating the many systems can be confusing. While each award…

Read More

Recently, we were engaged by a nonprofit organization to help them during a significant finance team staffing shift. In addition to replacing their CFO to complete their 4-person finance team, they were also in the middle of a very rigorous Single Audit and needed an outsourced CFO to step in and help get them through…

Read More