As a leader in an arts, cultural, or heritage organization, you balance your mission with the realities of variable costs, unpredictable demand, and shifting funding sources. Success requires continually demonstrating both your community impact and strong financial management. Whether you’re managing box office and ticket sales, admissions, membership programs, or overseeing gift shops, museum stores, and food service operations, you need reliable solutions that address your operational complexities and support long-term financial sustainability.
AAFCPAs partners with organizations like yours, providing nonprofit accounting, audit, tax, and financial consulting for museums, theaters, performing arts centers, botanical gardens, historical sites, and environmental groups. We understand the nuanced grant compliance, reporting, and internal control needs unique to your institution, as well as the risks associated with earned and contributed revenue streams. Our goal is to help you maximize resources, optimize your processes, and maintain compliance in an ever-changing regulatory environment.
Deep Industry Expertise for Arts & Cultural Organizations
We understand the complexities you face as an arts & cultural nonprofit:
Diverse Revenue Streams: Whether your funding is driven by admissions, event ticketing, memberships, donations, grants, sponsorships, museum and gift shop sales, or facility rentals, your revenue streams require tailored revenue recognition, tax advisory, and compliance solutions.
Expense and Resource Management: With a focus on cost allocation models and financial process optimization, we empower you and your board to make data-driven decisions and deploy resources strategically.
Financial Sustainability and Growth: We guide you in developing healthy reserves, managing risk, and planning for succession, helping your organization remain strong and relevant for years to come.
Regulatory & Advocacy Challenges: Our CPAs help you navigate IRS Forms 990, unrelated business income tax (UBIT), multi-state tax filings, and compliance related to lobbying and advocacy—all essential to protecting your tax-exempt status and organizational reputation.
Fundraising & Grant Compliance: We support your grant reporting and charitable giving initiatives with sound financial management and assurance best practices.
Internal Controls & Governance: Our expertise extends to admissions, box office internal controls, museum store operations, and board training for robust governance.
Comprehensive Advisory Support Beyond Accounting & Auditing
AAFCPAs delivers comprehensive advisory services, insight-driven and customized for arts & cultural organizations:
Outsourced Accounting & Fractional CFO for Arts Nonprofits
Scalable solutions for your monthly close, nonprofit financial statement preparation, and strategic financial management.
Arts & Museum Audit Services
Financial statement and employee benefit plan audits designed specifically for cultural organizations, with expertise in FASB, ERISA, and benchmarking nonprofit financial practices.
Board Training & Consulting
Internal controls review, governance best practices, and strategic planning facilitation tailored for arts organizations.
Nonprofit Tax Advisory
UBIT guidance, tax-exempt status consulting, multi-state compliance, and Form 990 preparation for arts and cultural nonprofits.
Grant Compliance & Financial Reporting
Support for grant management, reporting, and audit readiness.
Process & Technology Optimization
Business intelligence, technology integration, and systems improvement for financial transparency and efficiency.
Risk Assessment & Cybersecurity
Risk management, cybersecurity reviews, and internal controls enhancement to protect critical assets and donor trust.
Endowment & Investment Advisory
Endowment management, investment policy development, and executive benefits planning for long-term sustainability. (*Provided by AAF Wealth Management)
Why Arts & Cultural Organizations Choose AAFCPAs
Clients feel the difference working with a team that puts people first. We bring a wealth of experience in nonprofit accounting and audit services for arts and cultural organizations, always focused on helping you succeed and tell your organization’s story with confidence. Our clear, accurate financial reporting keeps you aligned with the latest standards while our approachable specialists are here to answer questions every step of the way. We offer meaningful benchmarking and peer insights, help you explore financing or capital campaign strategies, and guide you through grant compliance with care. From informal conversations to engaging CFO roundtables, we don’t just deliver solutions—we become part of your support network, helping you navigate challenges and celebrate successes as your organization grows.
Contact Our Team
Ready to strengthen your financial foundation and move your mission forward? Get to know our team below or reach out directly—we’ll listen to your story, learn what matters most to you, and connect you with the advisor who truly understands your organization’s needs.
Thomas Muldoon
Joyce Ripianzi
Contact Us
We look forward to speaking with you to determine how we may best solve your needs. A firm representative will reach out to you within one business day. Looking for additional ways to reach us? Visit our Contact Page. >>