Each year the IRS requires most
tax-exempt organizations to submit Form 990 and its schedules in one form or
another. This is a complex 12 page, or
more, financial and informational return containing dozens of questions and
complex calculations.
Here is what we do for you...
$ Design, install and maintain your
accounting system using IRS specified revenue and expense classifications.
$ Collect, scan, organize and process all
of your financial documentation
$ Post all expenditures, obligations and
revenues to the accounting system monthly
$ Process payroll to federal and state;
prepare payroll tax reports and manage deposits
$ Provide training on internal controls
and documentation requirements for everyone who writes checks or makes deposits
(this protects the board members from IRS penalties)
$ Prepare reports on general operations
and on specific programs and grants for presentation to the board of directors
and management.
$ Prepare and maintain schedule B donor
report for annual federal and state filing
$ Provide training to board members and
management on financial control and budgeting of projects and grants.
$ Review programs and operations for
compliance with IRS and state limits on activities
$ Prepare and file annual federal Form
990, 990T(if needed) and state reporting
$ Churches: prepare the pastoral housing
allowance and other required benefit documentation to meet the complex dual
status of ministers.
Within the scope of the preparation
of the annual IRS and
California
reporting on your operations, we are there for two more important needs. First, to protect your directors, managers
and donors from IRS penalties for handling the public funds of a foundation. Second, to assist you in the selection and
design of programs that accomplish both your goals for the programs and the
personal goals that you expect a foundation to accomplish.
