Keep Your Mission Funded and Your Books Clean
ASAD SHEIKH helps Connecticut nonprofits stay compliant, audit-ready, and financially focused on the work that matters most.
Nonprofit Finances Require a Different Approach
Nonprofits operate under unique IRS rules, donor expectations, and grant compliance requirements that standard business accounting simply doesn't address. ASAD SHEIKH understands the specific pressures CT nonprofits face — from Form 990 deadlines to restricted fund management — and provides accounting support built around your mission, not just your bottom line.
Everything Your Organization Needs to Stay Compliant and Mission-Focused
Form 990 & Tax Compliance
ASAD SHEIKH prepares and reviews your Form 990, ensuring accurate, timely filing that protects your tax-exempt status and satisfies IRS requirements.
Fund Accounting & Bookkeeping
We maintain clean, reconciled books that separate restricted and unrestricted funds, keeping your organization grant-compliant and audit-ready year-round.
Board-Ready Financial Reporting
We produce clear financial statements — including statements of activities and functional expense reports — that give your board the transparency they need to lead confidently.
Advisory & CFO Support
From cash-flow planning to budget forecasting, ASAD SHEIKH provides CFO-level guidance so your nonprofit can allocate resources strategically and plan for growth.
Nonprofit Payroll
We handle payroll processing and filings for your staff and contractors, including proper classification and withholding so you stay compliant with state and federal rules.
Grant Expense Tracking
We help you document and categorize grant expenditures accurately, so you can meet funder reporting requirements and remain eligible for future funding.
Nonprofit Accounting FAQs
Does my nonprofit really need to file a Form 990?+
Most tax-exempt organizations are required to file a Form 990, 990-EZ, or 990-N each year with the IRS, depending on gross receipts. Failing to file for three consecutive years can result in automatic revocation of your tax-exempt status.
What is fund accounting and why does it matter?+
Fund accounting tracks money by its designated purpose — separating restricted grant funds from unrestricted operating dollars. It ensures you can demonstrate to donors, grantors, and auditors that funds were used as intended.
When is the Form 990 due for Connecticut nonprofits?+
The Form 990 is generally due on the 15th day of the 5th month after the close of your fiscal year. Extensions are available, but planning ahead with ASAD SHEIKH helps avoid last-minute stress.
Can you help us prepare for an independent audit?+
Yes. We keep your books audit-ready throughout the year, so when your auditor arrives, your records are organized, reconciled, and properly documented — minimizing disruption to your team.
Do you handle payroll for nonprofit employees and contractors?+
Absolutely. We run and file payroll for nonprofit staff, manage proper worker classification, and ensure all federal and Connecticut state payroll obligations are met on time.
How can advisory services benefit a nonprofit organization?+
CFO-level guidance helps nonprofits build realistic budgets, forecast cash flow around seasonal giving cycles, and make informed decisions about growth, staffing, and program expansion.
Let's Support the Work Behind Your Mission
ASAD SHEIKH works with Connecticut nonprofits of all sizes to keep finances clean, compliant, and mission-aligned. Reach out today to talk about what your organization needs.