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 federal employee
identification number (FEIN) application, 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.
