Non-Profit Money Minute: Why Timely CPA Responses Matter

In one of every three calls with potential non-profit clients, we hear a common frustration: CPAs are slow to respond. This causes missed deadlines, especially with Form 990. It also risks losing grants and funding from Donor-Advised Funds (DAFs).

The 3 Key Reasons Non-Profits Struggle with CPA Support:

1. Low Priority: Due to CPA shortages and industry consolidation, firms are prioritizing larger, higher-paying clients. They are leaving non-profits behind.
2. Missed Opportunity: If you file Form 990 by the 11/15 deadline, it can delay your appearance in Publication 78. This may hurt your funding opportunities.
3. Generalist Approach: Many CPAs are generalists, not non-profit compliance specialists. This leads to slow responses and missed opportunities.

What You Can Do:

1. File Early: Don’t wait until the last minute to file your Form 990. Early filing ensures you're on Publication 78 when funders search for eligible organizations.
2. Push for Prioritization: If your current CPA isn’t responding quickly enough, it might be time to find a firm that truly understands non-profit needs.
3. Stay Proactive: Regular check-ins and early communication with your CPA can help avoid last-minute filings and potential funding delays.

It’s a tough conversation but one worth having for your non-profit’s future.

As promised, advice in under a minute.

If you feel the impact of delayed CPA responses, we’re here to help. Let’s ensure that your filings are timely and that your organization is always ready for funding.