“A few hours of consultation saved dozens of hours of future staff time on our end. NFP Partners was a life saver and a smart investment!”
– Carolyn Moller, Accounting Manager
Housing Solutions for the Southwest
Nonprofit organizations comprise the majority of NFP Partners’ practice, primarily concentrated in Colorado, but branching into adjacent states. In Colorado, there are more than 7,000 tax exempt organizations (IRS code 501c(3) with annual revenues over $100,000, which narrows to around 3,000 when the threshold is increased to $500,000. These organizations run the gamut of missions, constituencies served, and complexity in their financial management requirements.
NFP Partners serves nonprofits of all sizes, including startups provided they have sufficient initial financial support, a growth strategy and appreciate the need for strong financial management. For smaller organizations, typically under $4 million annual revenue, outsourced accounting and CFO services can offer a cost-effective transitional or permanent financial management solution.
Mid-size to larger organizations starting somewhere in the $4 million annual revenue range and up to $50 million or more have broader and more sophisticated needs, including software tools to manage their finances and fund raising. NFP Partners with its offering of Abila software solutions can provide the tools and support at that critical period when organizations are transitioning from an entrepreneurial growth stage to one instituting professional management and more sophisticated processes including upgrading their financial management infrastructure.
Since 2006, NFP Partners has acquired a portfolio of nonprofit clients that represent most nonprofit areas. Although not in every area, our services are not limited to any particular sectors that nonprofits serve. The following is a brief summary of the types of clients NFP Partners currently serve by major nonprofit classification (NTEE).
NFP Partners has established a solid foothold in serving public health agencies including seven community health centers and health service organizations. Abila MIP Fund Accounting™ is a proven software solution for the demanding and closely regulated accounting and reporting requirements for federally financed health organizations.
NFP Partners supports several organizations that provide direct assistance to families and youth in the forms or food, housing, employment, and other needs. These nonprofits receive funding from a multitude of public and private sources with demanding tracking and reporting requirements for which Abila MIP Fund Accounting™ is well suited.
This is a broad area served by many public and private agencies. Our clients include several charter schools with their unique hybrid structure that requires following GAAP (generally accepted accounting principles) for both nonprofit and government organizations, a task easily performed with Abila MIP Fund Accounting™.
NFP Partners’ clients include other educational nonprofits that specialize in early childhood education, remedial leaning, adult retraining, college scholarships, and outdoor adventure experiences.
NFP Partners has several clients that advocate various causes such as healthy living; land and resources use; and children’s health, education, and safety. Most have multiple funding sources and relatively complex accounting and reporting.
NFP Partners provides financial software support or outsourced accounting and CFO services to a diverse group of not-for-profit clients not otherwise classified including a membership organization, governmental special districts, and charitable foundations.
“MIP Fund Accounting™ meets the unique accounting challenges of our charter school network that are required to report as a governmental unit and a nonprofit organization, each with different rules and standards.”
– Craig Cook, Chief of Business