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Non-Profit Organizations

We can help you setup and maintain your non-profit organization's tax-exempt status by handling all IRS compliance requirements.

The IRS requires most tax-exempt organizations to submit Form 990 annually, along with its relations, which includes the following items:

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

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

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

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

  5. Revenue Support Schedules that detail the organization's sources of income in specific categories such as charitable donations, membership fees and investment income.

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 to build your accounting system around these revenue and expense classifications.

Here's what we do for you...

  • Review and compile your financial statements.

  • Design, install and maintain your Accounting System.

  • Prepare your payroll, along with payroll compliance reports.

  • Initiate payroll tax deposits.

  • Provide training for your accounting personnel.

  • Complete and file your non-profit status application.

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

  • Prepare and file IRS tax Forms 990 and 990T..

  • 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.

If you're starting a new not-for-profit organization we can help you prepare your organization's 501 (c)(3) application for tax-exempt status.

Here's what's needed...

  • Articles of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 ("Organizational Test").

  • Employer Identification Number

  • Organization al by-laws

  • Minutes of Board Meetings

  • Names, Addresses and Resumes of Board Members

  • Names and addresses of all Active Members

  • Inventory of Assets such as cash, furniture, equipment, property and pledges.

  • Inventory of Liabilities such mortgages, accounts payable and loans.

  • Rent/Lease Agreements and Contracts

  • Revenue and Expense Statements for the last four years or as far back as possible if your organization has been in existence for less than four years.

  • Written Reason for Formation and History of the organization.

  • Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations.

  • Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraiser and flyers/brochures/pamphlets.

  • Financial Support Documentation including all sources of revenue such as contributions, tithes, offerings and fundraisers.

  • Fundraising Program Descriptions

  • IRS Processing/Filing Fee

We are happy to prepare any of these items if you require assistance.


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