Non-Profit Organizations

We can help you maintain your non-profit organization's tax-exempt status by handling all the IRS reporting.

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

2. Balance Sheet with specific categories like cash, accounts receivable, and 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 such as seminars or educational mailings.

5. Revenue Support Schedules that detail the organization's sources of income in specific categories like charitable donations, membership fees, and investment income.

The IRS uses these 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 classifications.

Here's what we can do for your organization:

• Review and compile your financial statements

• Design, install, and maintain your accounting system

• Provide training for your accounting personnel

• Provide training for your Board on non-profit financial statement usage and effective budgeting practices

• Prepare and file the Form 990 and 990T tax returns