Name: Customized Enterprises, LTD
Address: 1 E. Northwest Highway, Suite 204, Palatine, IL, 60067, United States
Telephone: +1-847-358-9730
Price range: -

Licensed in Illinois and able to practice in other states

Accounting for Non-Profit Organizations

Services Offered:
We offer a complete array of auditing, bookkeeping, accounting, consulting, and income tax services, as well as comprehensive financial statement preparation, including certified audits. The audits we prepare meet all the standards as specified by the applicable government agency – federal, state or local, or any combination thereof. Audit reports to the federal government are prepared in compliance with Government Auditing Standards issued by the Comptroller General of the United States. The audit reports are also in compliance with the requirements as specified in the U.S. Office of Management and Budget (OMB) Circular A-133 Compliance Supplement.

Non-Profit Incorporation:
We consult with your attorney regarding business formation, identification numbers, and other set-up matters when forming your non-profit corporation.

Complete Financial and Audit Services

We provide a full range of services tailored to the non-profit sector, including:

Certified Audits: Prepared to meet government standards (federal, state, or local), including Government Auditing Standards by the U.S. Comptroller General and OMB Circular A-133 Compliance Supplement.
Bookkeeping & Accounting: Maintain accurate records and up-to-date ledgers tailored to fund accounting.
Tax Services: Prepare and file IRS Form 990 and related documentation.
Consulting: Support for budgeting, internal controls, and compliance with grant and funding requirements.
Financial Statement Preparation: Timely, compliant statements for board review and public transparency.

Non-Profit Incorporation Assistance

Starting a non-profit involves more than just filing paperwork. We coordinate directly with your legal counsel to assist in setting up your non-profit organization from the ground up. From EIN acquisition and board structure to internal accounting systems, we ensure your foundation is solid and compliant from day one.

Built for the Unique Needs of Non-Profit Accounting

Unlike general accounting firms, we’ve developed a focused expertise in non-profit financial management. Our team understands the intricacies of fund restrictions, donor accountability, and government audit requirements. We don’t just plug in numbers—we provide the strategic insight that helps non-profits grow sustainably while maintaining full compliance.

With over three decades of experience, our firm has built long-standing relationships in the non-profit sector. We take pride in providing services that contribute to the greater good through operational clarity and financial health.

How We Support Non-Profit Financial Success

We believe in proactive partnership. We don’t wait for issues to surface—we anticipate your needs, providing education, insight, and real-time support. Every service we deliver is custom-tailored based on your organization’s size, scope, and funding model, including those requiring financial audits in Palatine, Illinois, and beyond.

We also empower your internal team. Whether you have a dedicated financial officer or a small volunteer board, we’ll help you understand your numbers, stay audit-ready, and meet deadlines confidently.

FAQs About Non-Profit Accounting Services

How do I know if my non-profit needs an audit?

Audit requirements vary based on your funding sources, grant conditions, and state regulations. We help review your financial structure and identify whether a full audit, review, or compilation is needed to stay in compliance.

What should I know about tracking restricted and unrestricted funds?

Fund accounting can be complex. We help ensure your financial systems clearly separate restricted from unrestricted funds, so your reporting remains accurate and meets donor or grantor expectations.

When do I need to file IRS Form 990, and what does it include?

Form 990 is due annually and provides a detailed look at your non-profit’s financial activities. We assist in compiling all required financial data, ensuring the form is complete, transparent, and filed on time.

What’s the best way to set up our financial records when starting out?

Establishing proper systems early is critical. We help new non-profits choose accounting platforms, set up fund categories, and develop policies that support growth and compliance from the start.

Are there common accounting mistakes that non-profits make?

Yes—such as misclassifying income, overlooking grant conditions, or failing to document board decisions. Our services help you catch these early and establish internal controls to prevent them.

How do I keep my board informed about our finances?

Clear, consistent reporting is key. We prepare customized financial reports that are easy to understand and aligned with board expectations, helping your leadership make confident, informed decisions.

What role does accounting play in building donor trust?

Accurate reporting, transparency, and consistent communication all foster trust. We help ensure that your financial practices uphold your organization’s integrity and support long-term donor relationships.

Let’s Simplify Your Financial Journey—Together

Partner with a team that understands your unique needs—so you can focus on growth, not guesswork. Contact us today to get started.