Altruic Advisors serves a broad variety of nonprofit organizations with CFO Solutions, our cloud-based bookkeeping and outsourced accounting service designed specifically for nonprofits. Among this diverse group of not-for-profit organizations, one distinctive sub-sector is National Governing Bodies.
From youth sports camps and community clubs to the Olympic and Pan American Games, National Governing Bodies, or NGBs, are responsible for the training, competition, and development of athletes nationwide. NGBs provide leadership and structure for their sport, with sanctioned events and tournaments as well as recreational and grassroots athletic programs.
Like other nonprofit organizations, National Governing Bodies are often faced with complex accounting and reporting obligations. The U.S. Olympic and Paralympic Committee sets high standards for its member organizations to ensure fiscal responsibility and transparency. And while NGBs successfully govern teams, competitions, and events across the United States, they often do so with a limited pool of personnel, allowing little time to address the nuances of day-to-day bookkeeping.
In overcoming these challenges, many National Governing Bodies have found success with CFO Solutions. Equipped with a more efficient, flexible accounting system and supported by our team of nonprofit specialists, these organizations have taken control of their financial record-keeping. Follow the links below to read three of their stories.
USA Artistic Swimming: Success Story
USA Team Handball: Success Story
USA Water Ski & Wake Sports: Success Story
CFO Solutions is an outsourced accounting service designed for nonprofit organizations, featuring cloud-based bookkeeping and accounts payable, grant tracking, financial statement preparation, payroll assistance, digital document storage, and audit support.
