Form 990 Support

Non-Profit organizations are certainly worthy more in its wealth.  Focusing on providing meaningful assistance to the world should be your number one priority and not being entangled in endless bureaucratic processes trying to setup your organization.  We can help you establish and preserve 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 relations, which includes the following 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 provides an individualized report of all 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.

Using a variety of financial classifications, the IRS determines your tax-exempt status that seems daunting.  Rather than struggle blindly through the convoluted process, we can provide the necessary guidance to secure your non-profit status. 

Here's what we do for you...

• Review and compile your financial statements. We can review your financial statements to ensure that they are no discrepancies in your finances.

• Create, maintain and implement your Accounting System; We can assist in installing and maintaining an accounting system of your records so that you can solely focus on the goals of your organization and not trouble over the accuracy of your finances.

• We also provide services for Payroll Tax Preparation and Deposits. We can easily provide consistent, timely and effective payroll tax system that allows you to be put at ease. From weekly to monthly, we can provide you payroll tax preparation that is concise and alleviates stress when maintaining your tax-exempt status.

• If you have staff in place, we can provide training for your accounting personnel to help maintain an efficient accounting system.

• Complete and file your non-profit status application by having Brandt and Associates take care of the paperwork and dealings with the IRS.

• To help assist with your endeavors with the board, we can provide training for your board on non-profit financial statement usage and effective budgeting practices.

• Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal and state agencies. We will also work with the Federal and State agencies to set up all appropriate documents including payroll, incorporation and to help receive a Federal Employee Identification Number (FEIN).

• Churches: For religious organizations, we can prepare and file special documentation including the pastoral housing allowance.

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...

• 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: The Constitution or Charter of your 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

• IRS Processing/Filing Fee

As you are focusing on the goals of your non-profit organization, it is easy to be bogged down under the different number of terms and requirements from the IRS. We are happy to prepare any of these items if you need help.