Not-For-Profits

Ever since our CPA firm opened in 1989, we have supported not-for-profit organizations with transparent assurance, accounting solutions and tax reporting. Today, Mahoney advises more than 200 not-for-profit organizations of all sizes. Some have budgets of less than $100,000 while others oversee complex missions with budgets in the millions. Most organizations operate multiple, distinct programs with a variety of funding sources that require knowledge of specific regulations and reporting standards, including Uniform Guidance. With this experience, we help a variety of not-for-profit organizations accurately communicate and report on their fiscal health and outcomes.

  • Arts organizations and theatre groups
  • Charitable gaming
  • Civic and trade associations
  • Community centers
  • Environmental groups
  • Youth and athletic associations
  • Health and welfare and social services providers
  • Neighborhood groups and real estate developers
  • Religious and fraternal organizations
  • Schools
Mahoney is among the top five Twin Cities CPA firms whose top three industries include not-for-profit.
- Minneapolis/St. Paul Business Journal Book of Lists

Connect with a CPA firm that understands nonprofit accounting. The team at Mahoney helps you fulfill your mission and translate your financial story to support board member responsibilities and the requirements of key stakeholders. It’s our job to guide your not-for-profit leaders through decisions such as choosing the right level of assurance engagement, conducting accurate reporting and addressing changes in funding or cash flow. Gain insights for revenue recognition standards, flexible budgeting and forecasting. We also have more than 20 years of experience in QuickBooks® with more than a dozen Certified QuickBooks ProAdvisors of the highest ratings.

While you focus on changing the world for the better, let us help you stay agile for what’s next.

Learn more about our audit services, and how our team keeps you informed. 

View our tax incentives page to learn how we advise real estate developers on tax credits and programs such as Opportunity Zones.

Group of professionals volunteering at a food bank
We have worked with Mahoney for several years in the preparation of our annual audit. We find them to be extremely knowledgeable about nonprofit regulations, thorough and fair in their process and constructive when identifying areas of improvement. The process they use is timely and flexible enough to allow our agency to prepare materials and respond to requests in a way that does not put undue burden on what is a small accounting staff. They have been a pleasure to work with, and we would highly recommend them to other nonprofit agencies seeking audit services.
Ann McCully, Executive Director
Child Care Aware of Minnesota

Community Engagement

Our team is very engaged with trade associations and standard-setting bodies to support not-for-profits with upcoming changes in the industry. . For example, within the Minnesota Society of Certified Public Accountants, our team helps to plan the annual not-for-profit conference and serves on the not-for-profit special interest section. We are also actively involved in the Minnesota Council of Nonprofits as committee members and presenters. Our CPA professional involvement includes the following:

AICPA Government Audit Quality Center (GAQC)
AICPA Not-for-Profit Special Interest Section
Nonprofit Financial Group
Minnesota Council of Nonprofits

View our affordable housing page to learn more about our work with developers and related not-for-profits.