Non-profit organizations

Are you starting a new non-profit organization? We can help you prepare the application and the necessary documents.

We can help you configure and maintain your nonprofit’s tax-exempt status by handling all IRS reporting for you.

Each year, the IRS requires most tax-exempt organizations to file Form 990 and its relationships, which includes the following elements.

  1. Income Tax Return with very specific income and expense categories such as donations, salaries, shipping costs, rentals…
  2. Balance sheet with specific categories such as cash, accounts receivable, accounts payable.
  3. Statement of Functional Expenses with all expenses allocated to program services, fundraising or operations.
  4. Individual Program Expense Statement which reports all expenses for each program or service, such as seminar programs or educational mailings.
  5. Revenue support programs that detail the organization’s sources of revenue in specific categories such as charitable donations, membership dues, investment income.

The IRS uses these very specific income and expense classifications to determine whether your organization will retain its tax-exempt status. Therefore, it is imperative that you build your accounting system around these income and expense classifications.

Here’s what we do for you
  • Review and compile your financial statements
  • Design, install and maintain your accounting system.
  • Weekly, biweekly or monthly payroll processing
  • Payroll Tax Preparation and Deposits
  • Provide training for your accounting staff
  • Complete and submit your application for non-profit status.
  • Provide training for your board on the use of nonprofit financial statements and effective budgeting practices.
  • Prepare and file 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 assignment and other benefit documentation required to comply with the complex dual status of ministers.

If you are starting a new nonprofit organization, we can help you prepare your organization’s 501 (c)(3) application for tax-exempt status.

This is what is needed

  • Articles of Incorporation containing the Statement of Exempt Purpose as described in section 501(c)(3) of the IRS Code 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 subsection 4 (“Organizational Test”).
  • Employee ID number.
  • Bylaws of the Organization.
  • Minutes of the Board meetings.
  • Board members’ names, addresses and resumes.
  • Names and addresses of all active members.
  • Assets Inventory such as cash, furniture, equipment, property, garments.
  • Liabilities inventory such as mortgages, accounts payable, loans.
  • Rental/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 the formation and history of the organization.
  • Organization’s mission statement or Statement of faith or belief for churches and other religious organizations.
  • Organization’s activities, operations and programs Documentation including its statement of purpose and operations, feeding programs, fundraising, flyers/brochures/brochures….
  • Documentation of financial support which includes all sources of income such as contributions, tithes, offerings, fundraising…
  • Fundraising program descriptions.
  • IRS filing/processing fee.

We are happy to prepare any of these items if you need assistance.

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Tipo de pago
$100 dolares

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Let us help you set up and/or maintain your non-profit tax-exempt status. Request a FREE consultation by clicking the button below.

Success stories

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