You are classified as a nonprofit organization. What does that truly mean? Most often when people think of nonprofits they think of organizations like the Salvation Army, YMCA, Churches, and so on. They imagine organizations that provide charitable services and benefits to those in need for little or no fee. It is often believed that these organizations make little or no money and only receive grants and donations for their income. When looking at the big picture this is true however according to Investopedia, the true definition of a nonprofit organization is “A nonprofit organization is a business that has been granted tax-exempt status by the IRS because it furthers a social cause and provides a public benefit.” What this means is the structure of the nonprofit organization or 501(c)(3) is a tax status only. Nonprofit organizations are businesses whose main focus is not to make a profit but to promote a social purpose and improve the quality of those they serve. At the end of the day, your nonprofit organization is a business and should be operated as one.
Hatch & Associates, Inc. is the trusted controller that your nonprofit organization needs. Our associates have over 18 years of experience auditing and working with nonprofit organizations. In those years we have learned what nonprofits need to be sustainable and grow and have designed our services to assist you on the path. We understand where your passions lie and what our role will be in accomplishing your mission.
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What Our Clients Say
We have been using Hatch & Associates, Inc. since starting our business in 2013. Their services have saved us lots of time and money. They only prepare our monthly financials but they also file all of our tax returns and any other reporting we need to our lenders. They make owning a business easier because we never have to think about our accounting. With them, it is all taken care of and now we just focus on our business growth.
Strongetower Heating and Air
We hired Hatch & Associates, Inc. in 2015 because we needed better reporting for our church. With their help, we are managing our cash flow better and have a better handle on our church finances. They are exceptional.
St. Paul UMC
Hatch & Associates, Inc. helped us start our nonprofit. We got so much more. They not only helped get the 501(c)(3) and set up our nonprofit with the state but also helped us with establishing the by-laws and policies and procedures. We didn’t think of any of these would be necessary at the time but I am so grateful that we did. It makes running our nonprofit so much easier. We continue to use them for our accounting, taxes, and reporting to grantors.
Executive Director - Essie’s Girls
Verenia has been working with us since 2012. In that time she has helped us to get clean audits every year, helped us to rewrite our accounting policies and procedures, and keeps our QuickBooks clean and current. She pays extreme attention to detail and is very knowledgeable about nonprofit organizations. She has expanded our monthly reporting beyond the usual balance sheet and profit and loss statements. The more detailed reports gave us insight into our nonprofit financial performance.
Managing Director - ICDC