Fund accounting, endowment management, and Form 990 preparation for independent schools, colleges, and universities. Nexus gives education finance teams the tools to manage restricted gifts, federal grants, and auxiliary enterprises in one platform.
Endowment funds require careful accounting for investment returns, spending rate calculations, and underwater endowment tracking. The distinction between permanently restricted and temporarily restricted net assets must be maintained precisely.
Title IV institutions face significant compliance obligations for federal student aid programs — 90/10 rule, financial responsibility ratios, and audit requirements. Non-compliance threatens federal funding.
Residence halls, dining services, and athletics programs are run as auxiliary enterprises with their own P&L. Understanding the true financial performance of each auxiliary requires allocated overhead and interdepartmental billing.
GAAP (FASB ASC 958 — Not-for-Profit Entities)
IRS Form 990
Title IV (federal student aid compliance)
2 CFR 200 (Uniform Guidance)
Endowment spending
rate compliance maintained automatically
Federal grant
compliance built into the accounting workflow
Form 990
preparation time reduced by 50%
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