Financial + Business Affairs

 

 

 

 

 

 

 

 

 

 

Our organizations rely on financial statements and audits to project budgets that determine annual activities and serve as the building blocks for long-term viability. Association Acumen, LLC maintains all accounting functions in accordance with Generally Accepted Accounting Principles (GAAP) and IRS non-profit regulations and provides the organization’s leadership with online access to bank statements, monthly financial and year-end reports.Association Acumen:

  • Handles deposits, bookkeeping, accounts payable/receivable and maintenance of association documentation
  • Drafts monthly financial statements and prepares reports
  • Arranges for organizations’ finances to be audited and provides applicable materials for auditors
  • Coordinates investment committee meetings and ensures that the organization’s investment policies are followed
  • Oversees insurance coverage needs
  • Fulfills audit requirements
  • Maintains IRS records necessary to retain 501c(3) status
  • Coordinates subcontracting and purchasing requirements
  • Maintains record keeping requirements
  • Develops fundraising programs to support meetings and programs
  • Collaborates with prospective supporters
  • Manages supporter relationships

 

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