NON-PROFIT ORGANIZATIONS
THE POWER OF MORE MAKES A DIFFERENCE FOR NON-PROFITS.
Our Experience
Non-profit organizations that exist to address the needs of society have a special place at Gray, Gray & Gray. With over 80 years of experience, we specialize in providing accounting, tax and advisory services to non-profit organizations including those who rely on local, state, federal, or private funding.
Our non-profit clients depend on us for timely services, insightful advice, and essential support for their operations. We apply the Power of More by delivering practical, proven advice that can lead to improved financial stability, and ultimately an enhanced ability to fulfill your mission.
Whether your purpose is to provide support for disadvantaged communities, enlighten lives through art and culture, fund medical research, further a cause, or any one of thousands of other worthy goals, you can count on us to provide the support you need to continue your important work.
We have deep experience in the complex accounting and reporting requirements that are unique to non-profits. But, while our main objective is to help you remain accountable to donors, volunteers, government agencies, and program recipients, we don’t stop there.
We view our accounting and advisory work as a strategic gateway to understanding what makes your organization successful, and what is required for future growth. Our team brings the Power of More by working collaboratively with our non-profit clients on everything from financial controls to budgeting, employee benefit audits, and long-term strategic planning. These additional functions are essential to helping ensure financial stability, providing a solid basis for fund raising, grants, bequests, and other forms of financial support.
The Power of More
With vast experience serving many of the country’s leading non-profit organizations, including several 501(c)(3) and 501(c)(6) entities, Gray, Gray & Gray has the resources necessary to support your organization as you work to fulfill your mission. We do it professionally, at a fair price, and in a manner which helps to enhance your long-term financial success.
Our Services
We have experience in the complex accounting and reporting requirements that are unique to non-profits, including Form 990 filing and overhead audits. We address key issues such as:
Audits, Reviews and Compilations
Cost-effective audits, reviews and compilations of your financial statements including:
- Yellow Book, Uniform Financial Statements
- Independent Auditor’s Report (UFR)
- Overhead audits as required by government grants and contracts
External audit support, including preparation of the audit package
Technical Accounting and Advisory
- Implementation of new accounting standards
- Assistance recording complex financial transactions
- Internal control and systems evaluations and best practices
- Preparation of Form 990, Annual Information Report to the IRS and related state filings
Outsourced Accounting Services
- Interim CFO and Controller services
- Back-office support
Strategic Planning and Management Support
- Financial projections and budgets
- Fundraising and planned giving optimization
- Bond and grant compliance
- Review budget projections and compare the projected budget to actual results
- Prepare quarterly financial statements for your board of directors
- Long-term strategic planning insight and advice to improve operations
- Meet with your budget task group to analyze costs and seek opportunities to reduce overhead
- Calculation of financial ratios and benchmarking to industry peer organizations
Human Resources Services
- 403(b) employee benefit plan audits
- Retirement plan consulting
Technology and Consulting
- IT risk assessments such as penetration testing
- IT consulting
- Accounting software expertise – including Sage Intacct for real-time visibility and insights into financial and operational metrics
Giving Back
Gray, Gray & Gray believes strongly in the concept and practice of corporate citizenship. As such, we have made a firm-wide commitment to being actively involved in the communities we serve. As part of this commitment, we established the Gray, Gray & Gray Charitable Foundation which has been active for over 20 years. Learn more about our Charitable Foundation here.
The Advisor Newsletter
Sign up for our newsletter and receive tax tips, event invitations, important reminders and more. Join Now!
News & Events
Non-Profit Insights
Helpful Links
Client Testimonials
Frequently Asked Questions (FAQ)
We work with diverse non-profits, including 501(c)(3) and 501(c)(6) entities across sectors such as social services, arts, medical research, education, trade associations, and beyond. Whether funded by government grants, donations, membership dues, or a combination of these, we understand the accounting and compliance requirements.
Yes. Precision is critical since Form 990 is public and often the first document donors, foundations, and watchdogs review. We prepare Form 990 and related state filings, focusing on both accuracy and clear presentation.
Yes. Organizations with significant federal funding must comply with the Uniform Guidance (formerly OMB Circular A-133), which requires Single or program-specific audits based on expenditures. We conduct Yellow Book audits and other government compliance engagements. Proper compliance protects your funding and reputation.
Yes. We support financial projections, budgeting, bond and grant compliance, and strategic planning. We engage with budget groups, prepare quarterly board financials, and benchmark your ratios to equip leadership with the confidence to make more informed decisions.
Our Memberships
We are proud to be a part of the Massachusetts Non-Profit Network and the Society for Nonprofits.
Lead Contacts
