Reliable Nonprofit Accounting & Bookkeeping Services

Nonprofit finances require clarity, compliance, and stewardship. F.I.C. provides accounting and bookkeeping services designed to help nonprofit leaders track restricted funds, manage payroll, prepare filings, and understand financial performance with confidence. With over 35 years of financial consulting experience, our team helps mission-driven organizations stay organized, accountable, and ready for board, donor, and regulatory review.

Nonprofit accounting and bookkeeping consultation

Our Nonprofit Accounting & Bookkeeping Services Services

Comprehensive nonprofit accounting support for accurate records, compliant filings, payroll, audits, and financial decision-making.

Bookkeeping

Accurate transaction recording, account reconciliation, expense categorization, and reporting support help nonprofits maintain clean records and understand financial activity across programs, grants, donors, and operations.

Payroll

Payroll support helps nonprofits manage employee paychecks, deductions, payroll tax filings, W-2s, 1099s, 940s, and 941s accurately while reducing administrative strain.

Tax Preparation

Business tax return preparation supports nonprofit compliance by organizing financial data, preparing required filings, and identifying reporting obligations based on organization size, activity, and complexity.

Audit Assistance

Audit assistance helps nonprofits respond to IRS notices, organize supporting documents, clarify financial records, and navigate the audit process with experienced professional guidance.

Sales Tax

Sales tax services help nonprofits understand taxable activities, calculate obligations, prepare forms, and stay compliant with state, local, and special jurisdiction requirements.

FIC Package

The FIC Package combines bookkeeping, payroll, sales tax, advisory services, business tax returns, and personal tax return support into a coordinated financial solution.

Mission-Focused Finance

Financial Clarity for Mission-Driven Organizations

Nonprofit leaders need financial information they can trust when reporting to boards, donors, grantors, and regulators. F.I.C. combines bookkeeping, payroll, tax preparation, audit assistance, and advisory services into a practical support model for mission-driven organizations. Our team helps maintain accurate records, improve compliance, and translate financial data into useful insights for planning and accountability.

Nonprofit accounting advisor reviewing financial reports
The F.I.C. Difference

Why Choose F.I.C.?

F.I.C. brings experience, structure, and practical financial insight to nonprofit accounting.

Experience

Over 35 years supporting complex accounting, tax, and financial consulting needs.

Integrated Support

Bookkeeping, payroll, tax, insurance, retirement planning, and advisory services under one roof.

Customization

Solutions tailored to each nonprofit’s reporting needs, funding sources, and operational structure.

Depth

A team experienced in government accounting, risk management, and complex financial situations.

Meet the F.I.C. Team

Experienced financial professionals supporting mission-driven organizations.

Portrait of Al Beheary, CEO of Financial Innovations Consulting

Al Beheary

CEO

Al Beheary serves as CEO of Financial Innovations Consulting (F.I.C.), bringing entrepreneurial vision and deep expertise in international and inter-state government accounting to the firm. With a strong background in investment strategy, Al works closely with individuals and companies to organize their finances, align their investment portfolios, and achieve their long-term financial and retirement goals. His leadership has guided F.I.C. through over 35 years of growth, expanding the firm from its Chicago roots to a multi-office organization with an international presence in Ireland and Egypt. Al's commitment to empowering clients with knowledge and personalized financial solutions remains at the core of everything F.I.C. does.

Portrait of Siobhan Kieran, COO of Financial Innovations Consulting

Siobhan Kieran

COO

Siobhan Kieran serves as Chief Operating Officer of Financial Innovations Consulting (F.I.C.), bringing extensive experience working with both individuals and large multinational corporations. As a seasoned risk manager, Siobhan specializes in identifying potential financial setbacks and equipping clients with the foresight and long-term safeguards needed for personal and professional success. Her expertise spans strategic planning, operational oversight, and risk mitigation, making her an invaluable resource for clients navigating complex financial landscapes. Siobhan's client-centric approach and commitment to delivering proactive, comprehensive financial strategies reflect F.I.C.'s core values of transparency, integrity, and excellence.

Portrait of Mary Kay, Administration and New Business Specialist at Financial Innovations Consulting

Mary Kay

Administration/New Business Specialist

Mary Kay serves as Administration and New Business Specialist at Financial Innovations Consulting (F.I.C.), playing a key role in welcoming new clients and ensuring seamless onboarding experiences. With a detail-oriented and client-focused approach, Mary Kay helps individuals, families, and business owners navigate the first steps of their financial journey with F.I.C. Her organizational expertise and dedication to exceptional service contribute to the firm's reputation for personalized, responsive client care. As part of F.I.C.'s experienced administrative team, Mary Kay helps uphold the firm's commitment to clarity, transparency, and making every client feel supported from day one.

Portrait of Thomas Sandhof, Administration and Retention Specialist at Financial Innovations Consulting

Thomas Sandhof

Administration/Retention Specialist

Thomas Sandhof serves as Administration and Retention Specialist at Financial Innovations Consulting (F.I.C.), focusing on nurturing long-term client relationships and ensuring ongoing satisfaction with the firm's services. Thomas plays a vital role in maintaining the trust and loyalty of F.I.C.'s diverse client base, which spans individual taxpayers, small business owners, and large corporations. His dedication to client retention reflects F.I.C.'s core belief that lasting financial partnerships are built on consistent communication, reliability, and personalized attention. Thomas works to ensure that every client continues to receive the high-quality financial guidance and support they expect from F.I.C.

Portrait of Aine Breen, Administrative Assistant at Financial Innovations Consulting

Aine Breen

Administrative Assistant

Aine Breen serves as Administrative Assistant at Financial Innovations Consulting (F.I.C.), providing essential support that keeps the firm's daily operations running smoothly and efficiently. Her organizational skills and commitment to excellent service ensure that clients, colleagues, and partners receive timely, professional assistance across all of F.I.C.'s service areas. Aine's contributions help maintain the high standards of accuracy and responsiveness that F.I.C. is known for across its Chicago headquarters and beyond. Her dedication to supporting both the team and the clients she interacts with reflects the firm's client-centric values and commitment to operational excellence.

Portrait of Matt McDowell, Marketing Specialist at Financial Innovations Consulting

Matt McDowell

Marketing

Matt McDowell serves as Marketing Specialist at Financial Innovations Consulting (F.I.C.), responsible for communicating the firm's comprehensive range of financial services to clients across Chicago, the United States, and internationally. Matt plays a key role in building F.I.C.'s brand presence and helping individuals, families, and business owners understand how the firm's expertise can address their unique financial needs. His work supports F.I.C.'s mission to be a trusted, accessible financial partner for a diverse clientele. Through targeted marketing strategies, Matt helps connect those facing complex financial challenges with the expert guidance F.I.C. has provided for over 35 years.

Portrait of Sara Peterson, Insurance Assistant at Financial Innovations Consulting

Sara Peterson

Insurance Assistant

Sara Peterson serves as Insurance Assistant at Financial Innovations Consulting (F.I.C.), supporting the firm's comprehensive insurance services for individuals, families, and businesses. Sara assists clients in navigating insurance options, policy details, and coverage solutions, ensuring they have the protection and clarity they need to make confident decisions. Her role is integral to F.I.C.'s one-stop financial services model, which combines accounting, tax, retirement planning, and insurance under one roof. Sara's attentive, client-focused approach helps ensure that every insurance client receives accurate information and responsive support, reflecting F.I.C.'s commitment to excellence and transparency.

Portrait of Cara Kennedy, Irish Logistics Specialist at Financial Innovations Consulting

Cara Kennedy

Irish Logistics

Cara Kennedy serves as Irish Logistics Specialist at Financial Innovations Consulting (F.I.C.), managing the firm's operational coordination from its international office in Drogheda, County Louth, Ireland. Cara plays a critical role in supporting F.I.C.'s international service delivery, helping bridge the firm's Chicago-based operations with its European clientele and partners. Her expertise in cross-border logistics ensures that clients in Ireland and beyond receive the same high standard of financial service that F.I.C. is known for across the United States. Cara's work reflects F.I.C.'s commitment to providing seamless, globally connected financial solutions for an increasingly international client base.

Frequently Asked Questions

What is included in nonprofit bookkeeping services?

Nonprofit bookkeeping typically includes recording donations, grants, expenses, payroll, reimbursements, and vendor payments. It should also track restricted and unrestricted funds, reconcile bank accounts, maintain supporting documentation, and prepare board-ready financial reports. F.I.C. helps organizations keep accurate records so leadership can make informed decisions and remain prepared for tax filings, audits, and donor reporting.

How is nonprofit accounting different from regular business accounting?

Do nonprofits need to file tax returns?

How should a nonprofit track restricted donations and grants?

Can F.I.C. handle payroll for nonprofit organizations?

How much do nonprofit accounting and bookkeeping services cost?

Why should a nonprofit outsource bookkeeping?

How can F.I.C. help if our nonprofit is audited?

Still Have Nonprofit Accounting Questions?

Get practical answers from a financial team that understands nonprofits.

Trusted Financial Guidance

Awards and Recognition

Over 35 years experience recognition

35+ Years Experience

Decades of accounting, tax, and consulting experience.

International service presence recognition

International Presence

Financial services across the U.S. and internationally.

Phoenix Foundation community commitment recognition

Phoenix Foundation

Pro bono support for people and businesses in hardship.

Ready for Clearer Nonprofit Finances?

Tell us about your nonprofit’s accounting needs, current systems, filing deadlines, and financial challenges. Our team will review your details and recommend the right bookkeeping, payroll, tax, or advisory support.

Contact Us Today

For immediate assistance, feel free to give us a direct call at (773) 202-9393. You can also send us a quick email at TAX@FICMN.COM.