Non-Profit Organizations

We handle all IRS-related paperwork on your behalf, providing complete services to help your non-profit organization get and preserve its tax-exempt status.

Every year, the IRS mandates that most tax-exempt entities submit Form 990 and its related documents, which must include:

Income Statement with detailed categories such as donations, salaries, postage, and rent.
Balance Sheet categorized by cash, accounts receivable, accounts payable, etc.
Functional Expense Statement that allocates all expenses to program services, fundraising, or administrative operations.
Individual Program Expense Statement that details the costs associated with each program or service, such as seminars or educational campaigns.
Revenue Support Schedules that outline the organization's income sources, including charitable donations, membership fees, and investment income.

These detailed classifications are crucial for maintaining your tax-exempt status with the IRS, making a tailored accounting system essential.

Here's how we can assist:

Review and organize your financial statements.
Design, implement, and manage your accounting system.
Handle payroll preparation, whether weekly, bi-weekly, or monthly.
Take care of Payroll Tax preparation and deposits.
Train your accounting staff.
Complete and file your application for non-profit status.
Train your board in financial statement interpretation and effective budgeting.
Prepare and file tax forms 990 and 990T.
Set up initial documentation, including incorporation, obtaining a federal employee identification number (FEIN), and setting up payroll with federal and state agencies.
We handle pastoral housing allowances and other necessary documentation for churches to comply with ministers' unique dual status.

If you are establishing a new non-profit, we can guide you through preparing your 501(c)(3) application, including:

Articles of Incorporation with the necessary Exempt Purpose Statement as outlined in IRS Code section 501(c)(3) and the Dissolution Statement required by Treasury Regulation.
Employer Identification Number.
By-laws for your organization.
Documenting board meeting minutes.
Board members details, including names, addresses, and resumes.
Listing all active members.
Creating inventories of assets and liabilities.
Rent/lease agreements and contracts.
Revenue and expense statements for the past four years or as available.
Outlining the reason for the formation and history of the organization.
Organization mission statement or Statement of Faith for religious organizations.
Organization activities, operations, and programs.
Financial support documentation
Fund Raising Program Descriptions
IRS Processing/Filing Fee

We're also equipped to handle any additional requirements you might have.

Ready to optimize your finances?
Apply now or request a quote for tailored accounting solutions today!

Founded on the principle that every small business owner deserves efficient accounting solutions, We are dedicated to saving time, minimizing taxes, and simplifying life.