Non-Profit Organizations

Non-Profit Audits in Costa Mesa - Tax Exempt Services

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 variations, which includes the following items:

  • Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent, etc.

  • Balance Sheet with specific categories like cash, accounts receivable, accounts payable, etc.

  • 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, and 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, compile, or audit your financial statements

  • Complete and file your non-profit status application

  • Prepare and file the 990 and its variations

  • Prepare your initial start-up documentation, including incorporation and federal employer identification number (FEIN).

  • 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, Goodrich, Thomas, Cannon & Reeds, LLP can help you prepare your organization's 501 (c)(3) application for tax-exempt status.

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

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Goodrich, Thomas, Cannon & Reeds, LLP

T: (714) 546-0755
F: (714) 546-4901
E: info@gtcrcpas.com

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