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Accounting

For nonprofit news organizations, some financial services, such as accounting, are essential.

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Added custom consultation is available for a fee.

INN offers full-charge accounting services for members needing assistance running the day-to-day activities of their back-office. From paying vendors and recording revenues to tracking grant expenditures and monthly financial reporting, INN can handle all of your accounting needs.

Services include:

  • Client invoicing and charitable gifts recording
  • Donor thank you letters for gifts more than $250
  • Vendor bill paying
  • 1099 filings
  • Grant tracking
  • Monthly financial reconciliations and reporting
  • Budget variance reports
  • And much more!

About: INN’s staff is well versed in the nonprofit world with more than 30 years of experience and has served as the fiscal sponsor (FS) of more than 35 nonprofit newsrooms since 2012. Because of our robust FS program, INN is well poised to help independent nonprofit news organizations with all of their accounting needs.

Rate: Standard Bookkeeping Rate – $65 per hour

Need to solve a perplexing accounting question or need guidance on Generally Accepted Accounting Principles (GAAP)? Chip Potts, INN’s director of finance and operations, can assist you with these questions and other matters centered on the accounting, finance and operations of your nonprofit news organization.

Services include:

  • Chart of Accounts designed specifically for your organization
  • In-depth QuickBooks setup for your nonprofit news organization
  • Internal Controls advice
  • Pre-audit preparation and support
  • Budget and cash flow consultation

About: Chip Potts is INN’s director of finance and operations and has more than 30 years of accounting experience, first as a partner in a Washington, D.C., CPA firm that specialized in audit reporting for nonprofit organizations and government contracting, then running his own accounting and tax practice before serving as the CFO of a Los Angeles community college’s foundation for more than nine years.

Rate: Advanced Accounting Consultation – $100 per hour

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Chip Potts, Director of Finance and Operations

Chip supports the growth and financial success of the INN membership network by overseeing INN’s fiscal sponsorship program, expanding the portfolio of business services as well as supports INN’s staff to help their work to the benefit of INN members.

Saman Noor, Staff Accountant

Saman performs key accounting functions including maintaining the general ledger, reconciling bank accounts and processing month-end closings for INN and the nonprofit news organizations it fiscally sponsors.

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