Non Profit Organizations

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

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.