Non-Profit Organizations
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 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.