Wondering what all the fuss is about the Crowded Pro Plan? You’ve come to the right place. Keep reading for an in-depth view of all the included features and to understand how Pro can supercharge your organization!
IRS Form 990-N or EZ filing
Every nonprofit organization needs to file a Form 990 annually to the IRS! Instead of spending hundreds on an accountant, file the Form 990 affordably and simply. Trust us, Crowded is a certified e-filer with the IRS!
When you file the 990 Form with Crowded, the relevant form is auto-populated with data from the IRS and Crowded banking data. The form is submitted to the IRS by Crowded, and your organization will be updated on the forms acceptance or rejection.
When your org is Pro, the 990-N or EZ form is included in your package! If not, your org can still file the Form 990 through Crowded’s intuitive platform.
Sub Accounts
Create up to 2 subsidiary bank accounts (Sub Accounts) under your Crowded account with Pro. Use these accounts to give your chapter’s freedom to manage their finances, while you get complete oversight. Or, simply set some money aside. To add more Sub Accounts, get in touch with us!
Note: this feature is meant for organizations operating under the same EIN. For multi chapter organizations where chapters have their own EIN, take a look at our Chapter Tracker for chapter management 🙂
What to use Sub Accounts for?
- Unified & independent checking accounts for multi-chapter organizations
- Empower committees to manage their budgets
- Set money aside to hit savings goals
- Keep income streams labeled and separate (fundraisers, events, etc.)
If your organization opens up Sub Accounts through the Pro plan, your organization becomes an “HQ” or Headquarters account. As the HQ, you have special privileges – you’ll be able to create up to 2 Sub Accounts, invite admins to run these accounts, and later, add and withdraw funds from those accounts.
Why create Sub Accounts?
An organization can leverage Sub Accounts to get unprecedented insights and oversight into how their organization is managing finances, without needing to manage hands-on. Assign admin access to the relevant parties, and allow sub-groups/committees/chapters to manage their own finances, with the power to step in at any point.
Also, say bye to time consuming account handovers. No more trips to the bank, no need for the group admin to provide their SSN, Sub Account admins can be assigned and replaced instantly.
Admin Seats
Give visibility to the organization stakeholders with admin seats. Admins can see all transactions, create and close Collections, create and erase Per Diem accounts, Sub Accounts, and more. Admins have full power over a Crowded account (except that they cannot hand over the account, if they are not the account owner).
Admin Cards
Only admins get access to Admin Cards – debit cards auto-loaded with the total amount in the organization’s checking account. Admins can spend freely with the organization’s funds and make large purchases! All purchases will be transparent for all admins to see.
As a compliance limitation, an organization can only have 5 admin cards.
Organizations need to give the proper visibility to the relevant people within an organization.
With the Essentials plan, your organization has only 2 admin seats. Going Pro means your organization gets up to 5 admin seats – allowing for all relevant parties to have oversight over your org’s finances.
Recurring Payments for Collect
Allow your payers to contribute monthly towards your collection with Recurring Payments. Reach new members, and scale collections!
Admins can enable payers to make monthly payments towards the collection amount — making it easier for them by allowing contributions over time. This feature is completely optional and can be toggled on during the collection creation process.
Benefits of Recurring Payments
- Flexible Payment Options: Your payers can choose how many monthly payments (up to 12 months) they’d like to make.
- More Accessible for Large Sums: Payers can now commit to more manageable monthly amounts instead of paying a large sum all at once.
- Real-Time Notifications: Both you and your payers will be notified whenever a payment is made, keeping everyone in the loop.
This feature is meant to make paying collections more accessible & flexible for your communities. When paying upfront is a barrier for potential members, now they can opt to make monthly payments towards the collection amount. This type of flexible payment structure is just another benefit of the Pro plan.
Contact Upload
Engage your members or donor base by easily sending them collections, assigning cards, rewarding stipends, etc. by uploading contacts into Crowded. Simply compile the relevant people into a list, and upload! Scale your organization’s operations and membership by having contacts readily available within the platform.
Bulk add & redeem funds
Whether for Expense or Per Diem cards, quickly add or redeem funds to multiple contacts by clicking “Apply to All”. Not only does this save precious time, but also greatly reduces the risk of human error. Get the right people’s cards funded with the right amount efficiently with bulk adding and redeeming of funds.
CSV Payment Transfers
When using Per Diem accounts to pay salaries, stipends, grants, etc. ensure the right amount is paid into each account by uploading a CSV with the payment information, which then triggers automatic transfers to the proper accounts. This is great for payroll, when different people should be sent different amounts. Reduce the risk of human error by uploading a CSV and doing the transfers in one go!
Export Transactions
If your organization is working with an external accounting software, has received a grant, undergoing an audit or needing to report information to a government entity, the ability to export transactions is crucial! Download your organization’s spending, collecting and transfer history to use for however your organization may need it.
Why Go Pro?
It’s a fair question, but not too hard to answer. First of all, your organization gets access to all the features mentioned above. And going Pro can cost less than filing the Form 990 alone, plus many other cost-saving features.
- IRS Form 990-N or EZ Filing: up to $1,000+ value
- Recurring Payments: the average recurring donation adds up to $950 annually
- Bulk actions: save time, and time is money!
- Contact Upload: Get more donations & dues by reaching more people
- Sub Accounts: decrease fund mismanagement by increasing oversight
What are you waiting for? Get started with Pro today to get your organization the best financial management features out there.
