We provide audit and other assurance services to a wide variety of nonprofit organizations and charter schools. We are committed to utilizing our knowledge and experience to provide audit services with integrity, objectivity, independence and strict adherence to all professional standards, regulations and laws.
Non-Profit Organizations & Health Sharing Ministries
Non-Profit organizations are critical to the long-term success of communities around the world. Without them, many needs would not be met. Yet these organizations are required to meet increasingly complex management challenges, often with tightening resources. We appreciate the unique structure and operations of tax-exempt entities. From auditing and compliance to Form 990 preparation, we focus on implementing nonprofit accounting solutions in order to meet regulatory needs and ensure sound fiscal reporting. This focus, along with our broad non-profit client base, provides us with a large pool of expertise to draw from to better serve each client. Most importantly, we share our clients’ commitment to improving the quality of life in their community and the world at large.
We can help you setup and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you.
Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its related schedules, which includes the following items.
Statement of Revenue with very specific revenue categories like contributions, program service revenue, and investment income.
Statement of Functional Expenses with very specific expense categories like compensation expenses, office expenses, and occupancy. All the expenses are allocated to either program services, management and general, or fundraising.
Balance Sheet with specific categories like cash, accounts receivable, accounts payable...
Individual Program Accomplishments Statement that reports all of the expenses for each program or service provided by the non-profit organization.
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 a list of the services we can provide...
Audit, Review, Compilation, or Preparation of your financial statements
Provide training for your accounting personnel (subject to assurance independence requirements)
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.
Provide training for your board on non-profit financial statement usage
Prepare and file the 990, 990EZ and 990T tax forms
Churches: We prepare the pastoral housing allowance and other required benefit documentation to meet the complex dual status of ministers.
Please contact us if you need assistance in preparing any of these items.