Non-Profit Organizations

 

 

We can help you setup and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you.  We will stay with you through the whole process.

• We can prepare your Application Form 1023 for tax-exempt status.

• We can assist you with your By-laws and Articles of Incorporation.

• Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations.  Our firm can provide you with this service.

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 Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent...

1. Balance Sheet with specific categories like cash, accounts receivable, accounts payable...

2. Functional Expense Statement with all the expenses allocated to either program services, fundraising, or operations.

3. Individual Program Expense Statement that reports all of the expenses for each program or service like seminar programs or educational mailings.

4. Revenue Support Schedules that detail the organization's sources of income in specific categories like charitable donations, membership fees, investment income.

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The IRS uses these very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. So it's imperative that you build your accounting system around these revenue and expense classifications.

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Here's what we can do for you...

• Review and/or compile your financial statements

• Design, install, and maintain your Accounting System including Data Entry

• Weekly, bi-weekly, or monthly payroll preparation

• Payroll Tax Preparation and Deposits

• Provide training for your accounting personnel

• Complete and file your non-profit State Filings.

• Provide training for your board on non-profit financial statement usage and effective budgeting practices

• Prepare and file the 990, 990EZ, or 990N Card tax forms

• Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal and state agencies.

• Churches: We prepare the pastoral housing allowance and other required benefit documentation to meet the complex dual status of ministers.