We can help you setup and maintain your non-profit
organization's tax-exempt status by handling all the IRS reporting for you.
Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which
includes the following items.
Income Statement with very specific revenue and expense categories
like donations, salaries, postage, rent...
Balance Sheet with specific categories like cash, accounts receivable, accounts
payable...
Functional Expense Statement with all the expenses allocated to either program
services, fundraising, or operations.
Individual Program Expense Statement that reports all of the expenses for each
program or service like seminar programs or educational mailings.
- Revenue Support Schedules that detail the organization's sources of income in specific
categories like charitable donations, membership fees, 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 that you 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
Weekly, bi-weekly, or monthly payroll preparation
Payroll Tax Preparation and 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 the 990 and 990T 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.
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
By-laws of the Organization
Minutes of Board Meetings
Names, Addresses, and Resumes of Board Members
Names and addresses of all Active Members
Inventory of Assets like cash, furniture, equipment, property,
pledges...
Inventory of Liabilities like mortgages, accounts payable,
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, fundraisers, flyers/brochures/pamphlets...
Financial Support Documentation including all sources of revenue like
contributions, tithes, offerings, fundraisers...
Fund Raising Program Descriptions
- IRS Processing/Filing Fee
We are happy to prepare any of these items if you need help.
