Non-Profit Organizations
Annual Tax Returns
Non-profit organizations are required to file annual tax returns, typically IRS Form 990 or 990EZ, along with related disclosures. The complexity of these forms can vary based on your organization’s revenue sources and details. We are here to assist with the preparation and filing of these forms. Non-profit returns are generally due on May 15th, so we encourage you to reach out early in the season to ensure timely and accurate filing. Please ensure your books are up-to-date for a smooth filing process.
Monthly Bookkeeping Services
As non-profits grow, they may employ a dedicated finance team, including a controller. However, many organizations, regardless of size, choose to outsource their bookkeeping to us. We provide monthly bookkeeping services to keep track of expenses and revenues in real time, allowing for accurate categorization and timely resolution of any questions. If your books are not up-to-date and require catch-up or cleanup, we can assist with that as well. Contact us for ongoing monthly bookkeeping or for assistance with historical.
Annual Financial Statement Audits, Reviews, and Compilations
Non-profits often need to undergo annual audits, reviews, or compilations to assess the reliability of their financial statements. Audits can take several weeks, so we recommend contacting us as early as possible to schedule and prepare for this process. We offer expedited services if necessary, though some aspects of the audit may depend on third-party confirmations, which can affect the timeline.
Entity Formation
We assist with forming non-profit entities with the state and obtaining IRS non-profit status. It’s important to note that state incorporation does not automatically confer IRS non-profit status. Obtaining IRS approval involves complex paperwork, so if you need help with establishing your status, including 501(c)(3) or social clubs/societies, please reach out to us.
Restoring Good Standing with the State
If your non-profit entity is out of good standing with the state due to missed filings or other issues, we can help restore your status. Contact us to resolve any issues and get your organization back in compliance.