Providing pro-bono accounting and business consultation services to non-profit organizations
Have a community initiative but are unsure of how to build it up? As life-long volunteers, NPOC is passionate about assisting fellow community leaders in developing and fulfilling their community passions. Our team is skilled in developing sustainable business plans, connecting your organization with available granting opportunities and volunteers, building brand recognition, and providing other basic accounting and financial services.
To support local communities by providing pro-bono accounting and financial consultation to Non-Profit Organizations. We aim to leverage financial expertise accumulated through diverse co-op experiences to support community aid and development.
- Community Service and Professionalism: Utilizing accounting and finance knowledge to provide NPOs with the highest level of value to serve the greater community.
- Continuous Learning: Continuously growing our team’s skills and leadership expertise in order to adapt to any situation.
- Inclusivity and Respect: Building a positive foundation of mentorship, communication, positive collaboration and respect in order to achieve greater goals.
- Student Focus: Creating engaging and innovative programs for students to serve the community, develop skills, and connect with fellow passionate community leaders.
Have a grant you wish to apply to? Our team can help walk you through the application process, ensuring that you meet all the necessary requirements for grant and funding applications. Many grant applications require detailed reports on financial and non-financial aspects of your NPO’s business plan. Our team will work with you through the preparation and submission of grant applications.
Developing Informed Business Plans
With our team’s diverse knowledge and experiences in accounting and finance, we can help you develop your idea into feasible business plans. This includes identifying short and long-term goals and developing strategies to achieve these goals.
Budgets and Forecast
Having trouble managing expenses and cashflow needs? We can help you identify cash needs and budget for short-term and future expenses by providing detailed reports and consultation.
Financial Literacy and Operational Excellence
Have questions about planning and operating NPOs? From spearheading community events to running small businesses and consulting with large corporate firms, our team has ample experience to help inform you on how to best optimize your operations.
We've put together some articles and tips below as a starting point for NPOs.
Tax Tips for Ontario NPOs
Non-profit organizations (NPOs) in Canada are generally required to file a tax return even though they are exempt from tax on all or parts of its taxable income under the Income Tax Act.
Organizations that operate on a non-profit basis can be classified as a charity or non-profit organization (NPO). Organizations operating as a charity cannot be considered an NPO even if the charity is not registered or cannot be registered. Please note there are separate rules for Canadian amateur athletic associations and these rules are not discussed in this article.
In Ontario, all real property is subject to municipal property tax. Ontario’s Assessment Act provides exemptions for certain organizations. Eligible organizations are not subject to Ontario property tax on land used and occupied by the organization.
In general, GST/HST applies to most properties and services that non-profit organizations (NPOs) supply. As a result, most NPOs must charge GST/HST on the goods and services that they supply, and remit collected amounts to the Canada Revenue Agency (CRA).
Tips for New NPOs
A look into the various challenges and questions NPOs face, especially in their start-up phase.
Recruiting for Not-for-Profit Organizations.
The increasing need for virtual fundraising and volunteering opportunities in the post-COVID-19 era.
NPOs face many day-to-day issues that they must plan and account for, fundraising is a major one. There are many fundraising options for NPOs but sometimes it is hard to narrow down these options or choose the most effective one. So, what are some fundraising options for start-up not-for-profit organizations?
The nature of the not-for-profit sector can be volatile and unpredictable - because of this, NPOs are often faced with cash flow constraints and limitations.
Ways to find and retain donors and supporters.
Non-profit organizations (NPOs) are not required to incorporate. Check out why!
What Does It Mean to be a Registered Charity?
Non-Profit Organization Performance Management
Performance management is a proceeding process. The NPOC Performance Management series will answer questions such as how to create, communicate, and use performance metrics to align employees, resources and systems to an organization’s goals.
It’s important to evaluate the performance of the company, but at the expense of performance metrics conflicting with the operations of a business. This is done through Key Performance Indicators (KPIs). Within this article the various KPIs are discussed and how to use them to grow a business.
It’s important to effectively communicate and present your organization’s KPIs. From presenting KPIs in a report, slideshow, dashboard, or website, it allows others to effectively understand your data. This is a crucial step to help your organization determine its next steps for growth and greater employee engagement.
Learn about the two frameworks (CPA Canada’s PM4NPO and the Government of Canada’s Performance Measurement Strategy Framework) tools to help your organization plan, review, and assess its activities.
Keep your activities in a business on track by comparing goals with results. These results could be lagging or leading indicators and can be used to craft a strategic plan to restructure goals for the future.
Personnel and cultural controls are different from key performance indicators (KPIs). These two controls are not data driven, but can be a cost effective way to increase employee motivation and performance
Learn about NPOC and why you should get involved
In this blog post, hear from Bianca, 2022 co-director of NPOC, as she discusses what made her fall in love with the program. Discovering my passion in helping small businesses and non-profits achieve their goals.
In an interview, Iris, an executive member of NPOC, shares how the club has complemented her academic knowledge, prepared her for a future career in public accounting, and ultimately made her student experience more rewarding.