A Non-Profit Requirement – Employer Identification Number (EIN)
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If you're starting a new not-for-profit organization we can help you prepare your organization's c 3 application for tax-exempt status. 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.
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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. 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 and T tax forms Prepare your initial start-up documentation, including incorporation, federal employee identification number FEIN , and payroll setup with federal and state agencies.