Non-Profit Organization

We can assist you with setting up and maintaining 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 return of organization exempt from income tax from the Form 990 series, this includes the following items.

1. Income Statement with specific revenue and expense categories like donations, salaries, postage, rent, etc...
2. Balance Sheet with specific categories like cash, accounts receivable, accounts payable...
3. Functional Expense Statement with all 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 like seminar programs or educational mailings.
5. 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.

We can provide your non-profit with the following...

• 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
• Complete and file your non-profit status application
• Prepare and file the appropriate tax return from the Form 990 series
• Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal taxing authorities.

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.

If you would like to discuss these services please contact our office to setup a meeting.