With Our Chicago Nonprofit CFO Services, You Can Take Decisive Action & Grow Your Net Assets
We’re the Chicago Nonprofit CFO
for You,
If You Want:
Trusted by Nonprofits
“In addition to cutting costs for accounting, Daily Balance has been most responsive to our needs. ”
“Their ability to step in, respond quickly to needs, and offer cost-saving solutions has been an incredible asset.”
“Daily Balance has moved us beyond a tiny little non-profit to a thriving business!”
“With Daily Balance, we’ve been able to spend 99% of our grants last year and achieve a level of financial health and compliance that we couldn’t reach before.”
“Daily Balance's team of experts have a huge heart for non profits and the essential services they bring to enrich our communities.”
“The knowledge that Daily Balance provides enables me to make better decisions in my business.”
“Using Daily Balance bookkeeping and tax services does not cost you; it saves you stress, time and money.”
“Syd and his team discuss solutions with us and provide solid options to consider as we are making business decisions.”
“Not being distracted by accounting issues, I can focus on increasing sales and market penetration.”
CPAs Who Have Mastered Bookkeeping Services for Nonprofits
While most CPAs shy away from the confusing and complex nature of nonprofit accounting, we focus solely on it. After having worked with nonprofits with a budget of $1M+ for over 25 years, we understand how to do your accounting like few do. That’s why our clients love working with us.
We are a team of detail-oriented, can-do nonprofit accountants and CPAs who strongly value responsiveness, integrity, excellence, helpfulness, innovation, professionalism, and fun!
We look forward to working with you, so we can help you focus on your programs, reduce headaches, get more funding, produce perfect audits, and look amazing in front of your board, all the while reducing your admin costs.
Syd Highley, CPA | Daily Balance
Managing Principal What Our Chicago Nonprofit CFO Services
Can Do For You:
- Enhance financial stability and growth for your nonprofit
- Address cash flow challenges effectively
- Secure funding through debt or equity
- Upgrade reporting and record-keeping practices
- Optimize systems to support scalable growth
- Deliver long- and short-term financial forecasting
- Organize and streamline historical financial records
- Develop a comprehensive long-term financial strategy
World-Class Nonprofit CFO Services
On-Call 24/7/365
No Surprises Guarantee
Proactive CPAs
Value-Focused Accounting
30-Day No Fault Agreement
Cloud-Based & Real-Time
Your Comprehensive Nonprofit CFO Advisory Services
- Develop and implement long-term financial plans
- Advise on strategic financial decisions
- Create annual budgets and cash flow forecasts
- Provide ongoing financial projections and scenario analysis
- Prepare and analyze financial statements
- Ensure compliance with regulatory requirements and accounting standards
- Design and implement internal controls
- Prepare financial reports for board communication
- Oversee financial aspects of grant applications and reporting
- Ensure proper tracking and utilization of grant funds
- Advise on fundraising strategies and donor engagement
- Manage program funds and ensure financial accountability
- Identify and mitigate financial risks
- Implement cost-saving measures and efficiency best practices
- Monitor and optimize cash flow for stability
- Recommend financial systems and technology solutions
Meet Your Chicago Nonprofit CFO Team
Syd Highley
Amy Fryatt
Julie Asuncion
Norie Fabian
Tessa Joy De Vera
Ilonah Vivas
We'll Integrate with Your Accounting Software
Let Us Lighten Your Load!
Fixed Fee
No Surprises
Guarantee
Nonprofit CFO Services in Chicago & Beyond
Bakersfield Nonprofit CFO Services
1 (661) 218-1122
1 (857) 678-1661
Chicago Nonprofit CFO Services
1 (872) 253-6677
Los Angeles Nonprofit CFO Services
1 (213) 463-8484
New York City Nonprofit CFO Services
1 (646) 921-6606
Sacramento Nonprofit CFO Services
1 (916) 999-5955
San Diego Nonprofit CFO Services
1 (619) 389-3344
San Francisco Nonprofit CFO Services
1 (415) 358-5353
San Jose Nonprofit CFO Services
1 (669) 230-0440
Washington DC Nonprofit CFO Services
1 (771) 220-7155
Nonprofit Accounting Resources
FAQs
1 Fun & 1 Interesting Fact About Chicago
Chicago Nonprofit Accounting Resources
Illinois CPA Society – Not-for-Profit Committee
550 W. Jackson, Suite 900 Chicago, IL
60661
(312) 993-0407
Chicago, IL Local Resources
Top Companies in Chicago, IL
100 N Riverside Plaza
Chicago, IL
60606
More About Nonprofit Accounting in Chicago, Illinois
Chicago, Illinois, is the third-largest city in the United States, with a population of approximately 2.7 million residents. Known for its iconic skyline, rich cultural history, and vibrant neighborhoods, Chicago is a diverse city with a wide range of ethnic backgrounds. The city’s demographics include about 33% White, 29% Black or African American, 29% Hispanic or Latino, and 7% Asian. Chicago’s population reflects a mix of long-established communities and a growing immigrant population, contributing to its dynamic cultural scene.
Residents of Chicago live in a variety of neighborhoods, from the upscale Gold Coast and Lincoln Park to more working-class areas like Pilsen and Bronzeville. The city is a hub for business, finance, and transportation, with industries such as healthcare, technology, and education also playing significant roles. Chicago’s residents enjoy access to world-class museums, music, and food, as well as professional sports teams. Despite its cold winters, the city’s lakefront and extensive park system make it an attractive place to live.
Nonprofit accounting in Chicago plays a vital role in managing the financial operations of the city’s many charitable organizations, which include foundations, healthcare institutions, educational entities, and community groups. Nonprofit accountants in Chicago focus on ensuring compliance with financial regulations, particularly those related to tax-exempt status and donor-restricted funds. They handle tasks such as preparing financial statements according to Generally Accepted Accounting Principles (GAAP), managing grants, and conducting audits to ensure transparency and accountability.
Given Chicago’s diverse nonprofit sector, accountants must be adept at navigating the complexities of restricted funds, government contracts, and financial reporting for stakeholders. Many organizations rely on these professionals to guide them through the specific regulations governing 501(c)(3) entities and other tax-exempt classifications. Nonprofit accounting firms in the city offer specialized services, including audit preparation, tax compliance, and financial planning, allowing nonprofits to focus on their missions while maintaining robust financial oversight and integrity.
Daily Balance offers bookkeeping, audit representation, and CFO services for nonprofit organizations in the Chicago area so they can focus on their mission/programs, rather than their financials. Our clients love our quick response time, fixed fees, and our proactive solutions.
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