The Financial Services Group at NYCON...
With an ongoing commitment to improving the financial health and fiscal infrastructure of nonprofits statewide, NYCON provides nonprofits assistance in financial management, board and staff training on fiscal issues, and fiscal sponsorship to emerging nonprofits. Click here for a complete list of services
"Kelly, I LOVED your class today on internal controls! As an Executive Director in a 3 person office it´s a challenge to do it all. So I was very excited and inspired by what we can do next. You made it clear (and a lot less scary.)
- Workshop Participant
The Financial Services Group Key Personnel:
How Do I Start?
For services and inquires, please contact Elizabeth Mathews at
800-515-5012 ext. 108 or e-mail email@example.com.
Once we have determined what services you´d like us to provide, we´ll develop a proposal, including service scope, cost estimate and staff assigned. Upon review and approval, service will be delivered in a previously agreed upon timeframe. Please note that some services are available via third party funding arrangements based on mission area and location. Please contact us for more information.
NEW: NYCON Unveils "Budgeting & Cash Flow Tool Kits" What does your CFO or fiscal staff want more than an easy to use, functional and compliant budget template designed specifically for small and medium sized nonprofits? Nothing! Give the Gift of Fiscal Peace of Mind this Holiday Season. Click here for more information.
Accounting Systems Analysis- Accounting Software Advisory Service and Training- Software, Hardware Installation-Accounting System Conversion
Nonprofit agencies are continuously faced with changing technology needs as accounting for nonprofit organizations become increasingly complex. NYCON staff has the expertise to assess both the technological needs of an agency’s fiscal office, as well as assist with the selection and installation of an appropriate accounting software package. We can also facilitate or perform a conversion from one software package to another. NYCON supports Fund E-Z Accounting and Fundraising software, rated among the top ten nonprofit accounting software packages by the Journal of Accountancy. We offer support on a variety of other software including Quickbooks, Nonprofit Books, and Great Plains. Discounts on Blackbaud and Raiser’s Edge are also available via Service Partner relationships.
Assistance in Preparation of Consolidated Fiscal Reports-
Several of NYCON’ nonprofit members receive funding from NYS OMRDD, NYS OMH, and/or NYS OASAS and have approached NYCON for assistance in preparing the CFR and other required schedules. Our staff has the expertise to assist your agency staff with compiling the necessary financial information for any of the required documents.
Assistance with Preparation of IRS Form 990, 990T, CHAR 500-
While NYCON staff will not prepare and sign an agency’s Form 990 or 990T as a paid preparer, assistance is provided in compiling and interpreting the necessary financial information. Such assistance is also available for the preparation of CHAR 500.
NYCON provides assistance and related training to both board members and staff on overall agency budget development, capital budgets, and program budgeting.
Customized Board Training on Financial Management, Reporting and Compliance Issues
NYCON has long been a provider of quality board training in all areas of board development, and we have expanded the financial management training capacity to include more detailed training in m such areas as fiduciary responsibilities, accounting basics, and reading and interpreting financial statements and understanding filing and regulatory requirements. Our training presentations are not “canned” but modified based on each individual organization’s or group’s specific needs.
Financial Management Procedural Assessment-
This service assesses the entire financial management protocol structure, from financial policy development at the board level to implementation at staff level. Training is provided on appropriate “Accountability Structures” designed to document assigned tasks and ensure accountability for both board members and staff.
Fiscal Procedures Review-
During a time when nonprofit agencies are faced with a highly competitive market for trained fiscal staff, NYCON has recognized the need for documentation of fiscal procedures, not only for internal control purposes, but also in the event of fiscal staff turnover. This process involves documenting and developing a flowchart model of all fiscal procedures. NYCON staff also identifies and makes recommendations for correcting any weaknesses identified during the process.
Internal Control Review-
Similar to the fiscal procedure review, internal control procedures are documented, and recommendations made to strengthen the internal control environment.
Ongoing Oversight, “Visiting CFO” Services
NYCON’ nonprofit members have repeatedly identified the need for financial oversight and monitoring on an ongoing, monthly basis due to limited fiscal staff or the lack of a higher level of financial expertise in-house. Responding to these requests, NYCON now offers monthly oversight and review services tailored to meet each organization’s specific needs.
Preliminary Audit Preparation-
NYCON staff has noted that due to fiscal office staffing limitations, agencies often are forced to pay their independent auditors additional fees to compile schedules and information that could be prepared in house. We provide all levels of audit preparation, from reconciliation schedules, to organizing the fiscal information effectively for the independent audit, A-133 audit, program audit, or other examinations from various levels of governmental units and regulators.
Often, agency staff are unaware of regulations and compliance requirements of funding contracts and/or regulatory bodies. NYCON staff combine their areas of expertise in accounting, legal, & public policy to assess and document an agency’s level of compliance for their internal use, and provide related training, where necessary, to ensure that compliance with all external regulators is actively addressed and monitored.
List of Related Links:
Nonprofit Salary Surveys
Stay Exempt - Free Workshop from IRS
List of Tools & Publications:
Budget & Cash Flow Toolkit
List of News:
Budget & Cash Flow Toolkits Available Now
Call for Nominations: CPA Award
Call for Nominations: 2011 Urbach Award
Poll Results: Do You Have A CPA on Board?
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