Most people get involved with a non-profit because they have a passion for the mission. It’s work of the heart. But it’s also a business with a whole lot of reporting requirements to satisfy governmental agencies, funders, partners, donors, and a variety of other interest groups. It takes the right accounting system and associated processes to manage the business end of the operation and satisfy all of its constituencies.
We can help you:
Establish appropriate asset classifications (e.g., permanently restricted, temporarily restricted, and unrestricted) for monies received from funders
Design, install, and maintain a robust fund accounting system to track expenditures by program and/or funding source
Develop processes and management controls to address your day-to-day bookkeeping activities (receipts, invoicing, bill payment), and train your accounting personnel
Administer payroll and attend to all related reporting requirements and tax filings
Prepare and file your annual 990 and 990T forms
If you're starting a new non-profit organization, we can help you prepare your organization's application for tax-exempt status. Here’s a brief listing of what you may need:
Articles of Incorporation containing your exempt purpose statement
Employer Identification Number
By-Laws for the Organization
Written reason for formation and organizational history
Mission statement
Description of activities, operations, and programs
Names, addresses, and resumes of board members
Minutes from recent board meetings
Names and addresses of active members (if a membership organization)
Inventory of Assets and Liabilities
Rent/Lease Agreements and Contracts
Revenue and Expense Statements
Sources of Funds (including a description of fundraising activities)
IRS Processing/Filing Fee
Contact us for a free consultation on your planned or existing non-profit organization.