What 501(c)pa does

501(C)PA is a 501(c)(3) nonprofit CPA firm incorporated in New Mexico and headquartered in Albuquerque, founded in 2011 with a mission to provide professional financial management and administrative services to other nonprofit organizations. It is described on its own materials as New Mexico's only nonprofit (501(c)(3)) CPA firm, serving over 30 nonprofit organizations across multiple counties including Bernalillo, Santa Fe, Taos, and Cochiti Pueblo. Its customer base spans diverse nonprofit verticals — children's education, charitable organizations, environmental conservation, historic preservation, early childhood education, and arts and culture.

The firm delivers its services through two primary product lines built on web-based MIP (Modular Accounting System) nonprofit accounting software with cloud-based data storage and paperless processes: (1) Accounting and Payroll Services covering bookkeeping, accounts receivable and payable, account reconciliations, financial and grant reporting, audit support, payroll processing with direct deposit, PTO tracking, tax deposits, W-2/1099 preparation, and an integrated online payroll platform for client timesheet input and supervisory approvals; and (2) Financial Management Services covering systems design and data conversion, internal control review, annual budgeting assistance, cost-allocation design across multiple grants/departments/projects, Form 990 preparation and e-filing, board presentations, and auditor-management facilitation. The remote delivery model enables service access to both rural and urban New Mexico locations.

501(C)PA operates a hybrid revenue model combining professional services fees charged to nonprofit clients (quote-based, monthly billing) with tax-deductible donations and grants from individuals and foundation partners including McCune, Thornburg, W.K. Kellogg Foundation, Brindle, Adelante, and Santa Fe Community Foundation. Its nonprofit status, specialization efficiencies, cost-sharing across clients, and grant-funded subsidies for new-client systems conversion enable pricing generally below private-sector CPA rates. The firm is led by CEO Monica Stapleton, supported by a 14-person operational team (two department managers, one senior accountant, three staff accountants, two junior staff accountants, two junior accountants, one lead junior accountant, four payroll specialists, and one administrative staff member) and governed by a nine-member board of directors.

Name

501(c)pa

Legal name

501(C)PA

Website

https://501cpa.org

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Albuquerque

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Professional Services Fees: Fees charged to nonprofit organizations for professional financial management and administrative services including accounting, payroll, and financial management. Rates are generally below private sector due to nonprofit status, cost-sharing, and grant funding.
2. Donations and Grants: Tax-deductible donations from individuals and organizations to support hiring and training nonprofit accounting specialists, subsidizing systems conversion costs, and covering software licensing and maintenance fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

501(C)PA provides outsourced accounting, payroll processing, and financial management services to nonprofit organizations throughout New Mexico. Using web-based MIP nonprofit accounting software, the firm delivers bookkeeping, accounts receivable/payable, financial reporting, grant accounting, payroll, audit support, and Form 990 preparation remotely to over 30 nonprofit clients across the state.

Product overview

501(C)PA operates as a nonprofit CPA firm offering professional financial management and administrative services primarily through its web-based MIP Accounting Software platform. The firm delivers two primary service categories: Accounting and Payroll Services (including bookkeeping, accounts receivable/payable, financial reporting, grant accounting, audit support, payroll processing, direct deposits, and tax filing), and Financial Management Services (including systems design, data conversion, internal controls review, budgeting, Form 990 e-filing, and board presentations). The MIP platform serves as the core technology enabling remote financial management for over 30 nonprofits throughout New Mexico, with capabilities for complex cost allocations across multiple grants, departments, and projects. An online payroll platform is available for direct client input and supervisory approvals.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Serves over 30 nonprofits across multiple New Mexico counties
• +2 more outcomes

Named customers6 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Marcum LLP: Top-15 US accounting firm with a dedicated nonprofit industry group providing audit, tax, and advisory services. Comparable client vertical at much larger scale.
• Wipfli LLP: Top-25 US accounting firm with a dedicated nonprofit and government practice offering audit, tax, and outsourcing. Comparable for serving nonprofit clients with overlapping accounting and outsourced services.
• Berry Dunn: Large regional accounting and consulting firm with a prominent nonprofit practice providing audit, tax, and consulting. Comparable client vertical and overlap on accounting services for nonprofits.
• Plante Moran: Large US accounting and advisory firm with significant nonprofit practice providing audit, tax, and outsourced CFO services. Comparable for overlapping nonprofit accounting services at larger scale.
• BDO USA: Top-10 global accounting network with a dedicated nonprofit practice serving charities, foundations, and associations. Comparable in serving nonprofit clients with similar core accounting services at significantly larger scale.
• CliftonLarsonAllen (CLA): Top-10 US accounting firm with one of the largest dedicated nonprofit practices offering audit, tax, and outsourced accounting. Comparable for the same client base and overlapping services, but operating across multiple verticals at much larger scale.
• PKF O'Connor Davies: Top-30 US accounting firm with a dedicated nonprofit practice serving charitable organizations. Comparable in serving nonprofits with full-service accounting and advisory.

Direct peers

• Your Part-Time Controller, LLC: Outsourced accounting and controller services firm specializing in nonprofit and mission-based organizations. Closest comparable business model — recurring outsourced accounting for multiple nonprofits — differs in scale and for-profit status but core value proposition is identical to 501(C)PA.
• WEGNER CPAs: Full-service CPA firm with significant nonprofit accounting and audit practice serving churches, charities, and ministries nationally. Comparable to 501(C)PA in client vertical and core services, though larger in scale and for-profit.
• CapinCrouse: National accounting firm exclusively serving nonprofit organizations with audit, tax, and advisory services. Deep nonprofit specialization makes it a direct peer for specialized nonprofit accounting services, though larger and multi-state.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/501cpa

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 501(c)pa