- 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.
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
- 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
We are happy to prepare any of these items if you need help.
Grant Proposal Development Services
What we do is more than just grant writing. Our Grant Seeking & Acquisition Services include the following important phases:
- Designing a Fundable Project
- Analyzing Funder Guidelines and Requests for Proposals (RFPs)
- In-Depth Project Development (based on agendas of potential funders)
- Writing the Grant Proposal
These phases are inextricably connected and when performed effectively (and IF the organization is "grant ready") our clients can expect increased success in finding funding to support their project goals and objectives.
For organizations that have a continuous or frequent need for grant funds, Angeline & Associates, LLC can handle all of your grant development needs on an ongoing basis for a fixed monthly fee that would be less than the cost of an entry-level staff person.
We also take on Special Complex Grant Writing Projects that require collaborations, extensive research, and project planning. We will coordinate the information gathering process and ensure that all funder imposed grant proposal requirements are met.
If you prefer to write your own grant proposals, you are a perfect candidate for our Proposal Review Services. With sufficient lead time (no rush jobs), we will review your work to determine if you’ve met the funder’s requirements, proofread, edit and make recommendations for improvement that will assist you in submitting the most effective grant proposal.
Preparation of IRS Form 990 (Nonprofit Tax Return)
In addition to preparing individual and small business tax returns, we also prepare the tax return that NPO's are required to submit each year – the IRS Form 990. We are very familiar with the new IRS guidelines regarding Form 990. We know that, now more than ever, information regarding the governance of NPO's must be provided on this form - not just "the financials". This means that NPO's should not expect to just turn the form over to their accountants for completion without having any involvement - particularly at the board level.
As Accountants AND Nonprofit Consultants, we can engage effectively with the organization to ensure that this information is captured and reported accurately and in accordance with IRS guidelines.
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