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