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 relations, which includes the following items.

Income Statement

with very specific revenue and expense categories like donations, salaries, postage, rent…

Balance Sheet

with specific categories like cash, accounts receivable, accounts payable…

Functional Expense Statement

with all the expenses allocated to either program services, fundraising, or operations.

Individual Program Expense Statement

that reports all of the expenses for each program or service like seminar programs or educational mailings.

Revenue Support Schedules

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

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 you...

  • Review and compile your financial statements
  • Design, install, and maintain your Accounting System
  • Weekly, bi-weekly, or monthly payroll preparation
  • Payroll Tax Preparation and Deposits
  • 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
  • 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.

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”).

Names and addresses of all Active Members

Employer Identification Number

By-laws of the Organization

Minutes of Board Meetings

Names, Addresses, and Resumes of Board 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

Let us help you setup and/or maintain your non-profit tax-exempt status by requesting a free consultation below.

We are happy to prepare any of these items if you need help.

General Ledgers Accounting and Tax Services, Inc.
517 S 4th Ave
Brighton, CO, 80601
Phone: (303) 659-4013