Volunteer: CPA Review of FY2024 Nonprofit Financial Statements for Illinois Compliance

Overview

This volunteer opportunity supports a nonprofit organization seeking a licensed Certified Public Accountant (CPA) to complete an independent review of its fiscal year 2024 financial statements.

The nonprofit serves middle and high school students throughout Chicago’s South Suburbs. As the organization has grown, annual charitable contributions reached a level requiring submission of CPA-reviewed financial statements as part of charitable organization reporting and registration requirements with the Illinois Attorney General.

A completed FY2024 review is an important step toward bringing charitable registration filings current and maintaining eligibility to pursue funding opportunities, including opportunities connected to the Illinois Attorney General’s Office.

Target completion date: October 15, 2026.

Responsibilities

The pro bono CPA consultant will:

• Review the organization’s FY2024 financial statements, general ledger, and relevant supporting documentation.
• Identify any missing documentation, reconciliations, schedules, or adjustments needed to complete the independent review.
• Work with organizational leadership and/or bookkeeping support to resolve reasonable information requests related to the engagement.
• Perform the financial statement review procedures required under applicable professional standards.
• Review or assist in finalizing the FY2024 financial statements and required disclosures.
• Issue the appropriate independent CPA review report upon successful completion of the engagement.
• Identify significant financial reporting or documentation practices the organization should strengthen in preparation for future reviews.

Requirements

• Must be a licensed Certified Public Accountant (CPA).
• Ability to complete an independent CPA review engagement for FY2024 financial statements.
• Experience performing financial statement review procedures under applicable professional standards.

Preferred Qualifications

• Experience with nonprofit financial reporting and compliance requirements.
• Familiarity with nonprofit management and related accounting processes.

Location

• Chicago’s South Suburbs