Non-Profit Organization Services

Wesley R. Howell, CPA explains Non-Profit Organization Services

Non-Profit Organization Services

 

Wesley R. Howell, CPA of Altamonte Springs Florida can help you setup and maintain your non-profit organization’s tax-exempt status by handling all the IRS reporting for you.

Wesley R. Howell, CPA explains Non-Profit Organization Services

Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following non-profit organization services items:

 

1.Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent…

 

2.Balance Sheet with specific categories like cash, accounts receivable, accounts payable…

 

3.Functional Expense Statement with all the expenses allocated to either program services, fundraising, or operations.

 

4.Individual Program Expense Statement that reports all of the expenses for each program or service like seminar programs or educational mailings.

 

5.Revenue Support Schedules that detail the organization’s sources of income in specific categories like charitable donations, membership fees, investment income.

 Wesley R. Howell, CPA explains Non-Profit Organization Services

The IRS 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.

 

Here’s what we do for Non-profit Organization Services:

 Wesley R. Howell, CPA explains Non-Profit Organization Services

  • Review and compile your financial statements

 

  • Design, install, and maintain your Accounting System

 

  • Payroll Tax Return Preparation and Filings

 

  • 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

 Wesley R. Howell, CPA explains Non-Profit Organization Services

  • Prepare and file the 990 and 990T tax forms

 

  • Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal and state agencies.

 

  • Churches: We prepare the pastoral housing allowance and other required benefit documentation to meet the complex dual status of ministers.

 Wesley R. Howell, CPA explains Non-Profit Organization Services

If you’re starting a new not-for-profit organization we can help you prepare your organization’s 501 (c)(3) application for tax-exempt status.

 

Here’s what’s needed for us to complete many non-profit organization services: 

Wesley R. Howell, CPA explains Non-Profit Organization Services

  • Articles of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 (“Organizational Test”).

 

  • Employer 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…

 Wesley R. Howell, CPA explains Non-Profit Organization Services

  • 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.

 Wesley R. Howell, CPA explains Non-Profit Organization Services

  • 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

 

  • IRS Processing/Filing Fee

 Wesley R. Howell, CPA explains Non-Profit Organization Services

We are happy to prepare any of these items and help make your Nonprofit Organization a success.

 Non-Profit Organization Services 10

 

In order to give you an accurate price for our Non-profit Organization services we need to know a little more about your business and what services you’re interests you. Our prices are very affordable.

 

Wesley R. Howell CPA in Altamonte Springs FL

In order to give you an accurate price for our Business Start-Up services we need to know a little more about your business and what services interest you. Our prices are very affordable.

 

 

Wesley R. Howell, CPA

283 Cranes Roost Blvd, Suite 111

Altamonte Springs, FL 32701
Telephone:  (407) 515-1121
E-mail: wesleyrhowell_cpa@yahoo.com

Leave a Reply

Your email address will not be published. Required fields are marked *