Case Studies

Learn more about our work with clients in many different industries.

Young black girl looking at a science exhibit, close up

Non-Profit

Client Details

The prestigious nonprofit 501(c)(3) San Diego Children's Discovery Museum (SDCDM) has been committed to providing interactive educational programs and exhibits in the fields of science, art, and world cultures. An annual outreach of more than 10,000 people, including kids, families, and school groups, has made SDCDM a community learning hub.

Background

When the full-time CFO of SDCDM retired, leaving a void in the Controller-level accounting functions, Plumb was enlisted in early 2014. The primary objective was to enhance processes and systems, achieving financial transparency and facilitating the yearly audit. Presently, Plumb spearheads comprehensive outsourced accounting services for SDCDM, encompassing Controller-level financial insights, full-cycle accounting, bookkeeping, payroll services, monthly financial reporting, donation recording, cash forecasting, budget-to-actual variance analysis, tracking restricted funds, and active participation in monthly Board meetings.

The Solution/Outcome

The collaboration with Plumb has yielded transformative outcomes for SDCDM:

Timely, accurate, and decision-enabling financial statements
Implementation of an updated donor tracking system for precise financial allocation and successful fund accounting
Development of accounting policies and procedures in tandem with management to fortify internal control activities
Seamless transition to QuickBooks Nonprofit Edition
Annual audit support provided in collaboration with a CPA firm
Streamlined year-end close with necessary adjustments promptly delivered to the CPA for tax return preparation

Plumb's dedicated efforts have not only ensured financial stability but also empowered SDCDM to continue its invaluable mission of fostering education and exploration for the community.