Non Profit Organizations

Non-Profit Organization Tax-Exempt Status Assistance

We can help you set up 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 Form 990 and its related documents, which include the following:

  • 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 “charities,” “cash contributions,” or “membership fees.”

The IRS uses these 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
  • Complete Tax Preparation and Deposits
  • Payroll tax returns
  • Provide training for your non-profit status application
  • Prepare your Federal and State Information returns
  • Provide ongoing advice on how to run your non-profit effectively
  • Prepare the 990 and 990T tax forms including:
    • Secure your initial start-up documentation, including preparing your organization’s bylaws and articles of incorporation.
    • Obtain your Federal Employer Identification Number.
    • Directors: We prepare the hardship housing allowance and request inclusion in your application for the maximum depreciation dual status if allowed.

If you want to start a non-profit organization, you must file for tax-exempt status and may be required to file for non-profit status on a state and local level as well. We can help you with both.

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 B, along with 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 for churches and other Religious Organizations.
  • Organization Activities, Operations, and Programs Documents describing the nature of the organization with purpose & operations, governing process, functions, flyers/brochures, pamphlets…
  • Financial Support Documentation including all sources of income/donations and fundraising documentation.
  • Fund Raising Program Descriptions
  • IRS Package 1023 Application

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

Let us help you set up and maintain your non-profit tax-exempt status by requesting a meeting with our team.

Contact Us