We can help you set up and maintain your non-profit organization's tax-exempt status by handling all the tax and official reporting for you.

Each year the Local Tax Agency requires most tax-exempt organizations to submit income forms and theis 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.

The Local Tax Agency uses these very 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.

• Review and compile your financial statements
• Design, install, and maintain your Accounting System
• Weekly, bi-weekly, or monthly payroll preparation
• Payroll Tax Preparation and Deposits
• Provide training for your accounting personnel
• Complete and file your non-profit status application
• Provide training for your board on non-profit financial statement usage and effective budgeting practices
• Prepare and file all the tax forms
• Prepare your initial start-up documentation, including incorporation, register your employees, and payroll setup.

If you're starting a new not-for-profit organization we can help you prepare your organization's tax-exempt status.

Here's what's needed...

• Articles of Incorporation containing the Exempt Purpose Statement
• Aqquire Employer EFKA 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 or Beliefs for Churches and other Religious Organizations.
• Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets...
• Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers...
• Fund Raising Program Descriptions

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

Let us help you setup and/or maintain your non-profit tax-exempt status