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StrongNonprofits Toolkit

September 13, 2018
Resources to strengthen your nonprofit financial management

Audit​ Readiness

The audit is not just about complying with the law. It can be an important tool for understanding and communicating your organization’s financial results ​and health. Use the tools here to help you prepare for the audit and keep ​track of capital and restricted assets.

StrongNonprofits Toolkit

Self-Assessment: Internal Controls Checklist

This resource outlines 58 items critical to effective internal controls, including cash management, payroll, fixed assets, financial statements and more.​​

StrongNonprofits Toolkit

Find an Auditor

This thorough guide provides all the materials you will need to conduct your research and selection process for an independent audit firm, including overall suggestions, a request-for-proposal template, an interview guide and sample selection criteria.​​

Nonprofit Auditor Selection Guide Thumbnail

Know your State Law Nonprofit Audit Requirements

This regularly updated website, maintained by the National Council of Nonprofits, provides an overview of state law requirements regarding nonprofit audits, as well as links to relevant statutes for each state.​​

StrongNonprofits Toolkit

Restricted Net Asset Schedules

Use this tool to monitor your organization’s restricted net assets and releases from restriction on either a quarterly or monthly basis.​

The template tracks beginning restricted net asset balances, additions, releases and ending balances for funding sources as well as programs.

​Note: there are two versions of the tool available—one for releasing restrictions on a quarterly basis and one for releasing restrictions on a monthly basis. Please choose the tool that reflects your organization’s practice.

Restricted Net Asset Schedules Thumbnail
Download a Version of the Tool
Monthly Restricted-Net-Asset Schedule

This template can be used for monitoring an organization’s restricted net assets and releases from restriction on a monthly basis.

Download EXCEL - Monthly (.xlsx)

Quarterly Restricted-Net-Asset Schedule

Template for monitoring an organization’s restricted net assets and releases from restriction on a quarterly basis.

Download EXCEL - Quarterly (.xlsx) 

Fixed Asset and Depreciation Schedule

Use this excel tool to track your organization’s fixed assets and annual depreciation estimates.​

Fixed Asset and Depreciation Schedule, StrongNonprofits Toolkit

Next Steps: Governance and Strategy

Your audited financial statements are a good basis for planning for the future—see the Governance and Strategy​ resources to inspire some long-term thinking about your organization’s financial direction.

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