{"id":29215,"date":"2019-05-29T00:17:20","date_gmt":"2019-05-29T08:17:20","guid":{"rendered":"https:\/\/www.keystonetaxes.com\/?page_id=29215"},"modified":"2019-05-29T00:25:52","modified_gmt":"2019-05-29T08:25:52","slug":"non-profit-organizations","status":"publish","type":"page","link":"https:\/\/www.keystonetaxes.com\/?page_id=29215","title":{"rendered":"Non-Profit Organizations"},"content":{"rendered":"

[et_pb_section transparent_background=”off” background_color=”rgba(140,140,140,0.12)” allow_player_pause=”off” inner_shadow=”off” parallax=”off” parallax_method=”on” custom_padding=”54px|0px|54px|0px” padding_mobile=”off” make_fullwidth=”off” use_custom_width=”off” width_unit=”off” custom_width_px=”1080px” custom_width_percent=”80%” make_equal=”off” use_custom_gutter=”off” fullwidth=”off” specialty=”off” admin_label=”section” disabled=”off”][et_pb_row make_fullwidth=”off” use_custom_width=”off” width_unit=”off” custom_width_px=”1080px” custom_width_percent=”80%” use_custom_gutter=”off” gutter_width=”3″ padding_mobile=”off” allow_player_pause=”off” parallax=”off” parallax_method=”on” make_equal=”off” column_padding_mobile=”on” parallax_1=”off” parallax_method_1=”on” parallax_2=”off” parallax_method_2=”on” parallax_3=”off” parallax_method_3=”on” parallax_4=”off” parallax_method_4=”on” admin_label=”row” disabled=”off”][et_pb_column type=”4_4″ disabled=”off” parallax=”off” parallax_method=”on” column_padding_mobile=”on”][et_pb_code admin_label=”\u041a\u043e\u0434” disabled=”off”]<\/p>\n

Non-Profit Organizations<\/h2>\n

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We can help you setup and maintain your non-profit organization’s tax-exempt status by handling all the IRS reporting for you.<\/b><\/span> <\/strong><\/p>\n

Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items.<\/b><\/p>\n

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  1. Income Statement <\/b>with very specific revenue and expense categories like donations, salaries, postage, rent, etc.<\/li>\n
  2. Balance Sheet <\/strong>with specific categories like cash, accounts receivable, accounts payable, and more.<\/li>\n
  3. Functional Expense Statement <\/strong>with all the expenses allocated to either program services, fundraising, or operations.<\/li>\n
  4. Individual Program Expense Statement <\/strong>that reports all of the expenses for each program or service like seminar programs or educational mailings.<\/li>\n
  5. Revenue Support Schedules <\/strong>that detail the organization’s sources of income in specific categories like charitable donations, membership fees, and  investment income.<\/li>\n<\/ol>\n

    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.<\/strong><\/p>\n

    Here’s what we do for you…<\/b><\/p>\n