Non-Profit Organizations

Most people join a non-profit organisation because they are passionate about its goals. It’s labour of love. However, it is also a business with numerous reporting obligations to meet the needs of a wide range of interest groups, including donors, partners, funders, and partners. To manage the business side of the operation and satisfy all of its constituencies, the appropriate accounting system and related processes are required.

We can help you:
  • Establish suitable asset categories for funds received from donors, such as permanently restricted, temporarily restricted, and unrestricted.
  • Embrace monitoring technologies to collect and acknowledge donations.
  • To keep track of expenditures by programme and/or funding source, create, implement, and manage a robust fund accounting system.
  • Administer payroll and take care of the necessary reporting and tax filings.
  • For your board of directors, programme managers, and significant funders, prepare suitable monthly, quarterly, and annual financial statements.
  • Fill out and submit your 990 and 990T forms each year.

We can assist you in putting together your organization’s application for tax-exempt status if you’re forming a new non-profit. Here is a short list of what you could require:

  • Articles of Incorporation with your declared exempt purpose
  • Employer Identification Number
  • By-Laws for the Organization
  • Written history of the organisation and its purpose for existence
  • Mission statement
  • Descriptions of the operations, activities, and programmes
  • Board member names, residences, and resumes
  • Minutes from recent board meetings
  • Recent board meeting minutes
  • Addresses and names of current members (if a membership organization)
  • Assets and Liabilities Inventory
  • Rent/Lease Contracts and Agreements
  • Statements of Revenue and Expense
  • Funding Sources (including a description of fundraising activities)
  • Processing/Filing Fee for the IRS

For a free consultation on your future or current non-profit organisation, get in touch with us.