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

  • Develop processes and management controls to address your day-to-day bookkeeping activities (receipts, invoicing, bill payment), and train your accounting personnel

  • 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.