Client Overview
Our client is a nonprofit organization dedicated to advancing educational equity and student success. As the philanthropic partner of a larger school system, our client stewards donor funds, manages endowments, and supports long-term financial sustainability for one of the region’s most impactful public charter networks.
The Challenge: A Growing Mission in Need of Scalable Infrastructure (Before 2016)
Prior to 2016, the school system and the nonprofit organization had built a strong foundation of education excellence in addition to donor support. However, the organization’s financial systems had not kept pace with its growing responsibilities. Key challenges included:
- Outdated and confusing accounting systems
- Financial reports that were frequently delayed and sometimes inaccurate
- Disorganized records, with important documentation missing
- Expensive and stressful audits due to poor preparation
- A lack of investment strategy, with all funds sitting idle in bank accounts
The Solution: Partnership with Mangen & Associates
In 2016, the school system and the nonprofit organization engaged Mangen & Associates to help modernize its financial infrastructure and build systems aligned with the organization’s long-term vision. M&A took a proactive and hands-on approach, leading a comprehensive transformation that included:
- Implementing modern, transparent accounting systems
- Overhauling internal controls and establishing organized, digital recordkeeping
- Preparing consistently clean audit packages — leading to smooth, unqualified audits every year
- Delivering accurate, timely financial reporting that supports strategic decision-making
- Designing and executing an investment strategy aligned with the organization’s mission and risk tolerance
The Results: Sustainable Growth and Mission-Driven Stewardship (2016–Present)
Since partnering with Mangen & Associates, our client has experienced a dramatic financial transformation:
- Investments now exceed $60 million, with an average ROI of 19% over the past two years
- Net assets have grown to approximately $85 million
- Accounting operations are transparent, modernized, and fully integrated
- Audits are clean, efficient, and significantly less expensive
- Financial reporting is now timely, accurate, and trusted at the board level
- Organizational leaders can now focus on mission execution, confident in the strength of their financial infrastructure
Conclusion: A Partnership Rooted in Trust and Results
This strong partnership demonstrates the power of strong financial stewardship in advancing educational equity. What began as a systems upgrade has become a strategic alliance — one that continues to fuel growth, accountability, and impact.
