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Non-Profit Financial Statements

We provide 990 tax preparation services and financial statement preparation for non-profits, so your organization stays compliant and your board stays informed.

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Your Mission Comes First.
Your Compliance Should Not Get in the Way.

Running a non-profit means balancing a mission with the reality of financial reporting. The IRS requires annual filings to maintain your tax-exempt status. Your board needs clear financial statements to make decisions. Your donors and grantors want to see that their money is being used responsibly.

As a non-profit leader, you are focused on your mission. Let our accountants take care of the distractions. The reporting requirements can feel challenging, and getting them wrong carries real consequences. An organization that fails to file its required Form 990 for three consecutive years automatically loses its tax-exempt status.

We handle the financial reporting so you can focus on your mission. From preparing your annual 990 filing to producing the financial statements your board and funders rely on, we make sure your numbers are accurate, timely, and compliant.

Local 990 Tax Preparation

Form 990 (Full Return)

Required for organizations with gross receipts of $200,000 or more, or total assets of $500,000 or more. This is the most detailed version of the return, covering governance, compensation, program accomplishments, and your full financial picture. We prepare the return with all required schedules and file it electronically.

Form 990-EZ (Short Form)

Available to organizations with gross receipts under $200,000 and total assets under $500,000. It is a shorter return but still requires careful reporting of revenue, expenses, and organizational information. We prepare and file the 990-EZ for organizations that do not meet the full 990 thresholds.

Form 990-N (e-Postcard)

The simplest filing option, available to organizations with gross receipts normally $50,000 or less. It is an electronic notice rather than a full return, but it must still be filed every year to avoid automatic revocation of your exempt status.

Form 990-PF (Private Foundations)

All private foundations must file Form 990-PF regardless of their size. This return includes additional reporting on investments, grants, and the calculation of the excise tax on net investment income. We prepare the return and help you track your minimum distribution requirements.

Form 990-T (Unrelated Business Income)

If your organization receives $1,000 or more in gross income from an unrelated trade or business, you must file Form 990-T and may owe tax on that income. Common examples include advertising revenue, rental income from debt-financed property, and certain partnership income. We identify which revenue streams trigger this requirement and prepare the return.

Financial Statement Preparation

We prepare the full suite of GAAP-compliant financial statements for non-profits: Statement of Financial Position, Statement of Activities, Statement of Functional Expenses, and Statement of Cash Flows. These give your board, grantors, and donors a clear picture of your organization's finances, backed by consistent expense allocation methods that hold up under scrutiny.

Let's Get Your Organization Optimized

If you never want to worry about your organization’s taxes again, contact us. We work with organizations throughout the Lehigh Valley.

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How We Work With You

We treat your organization’s finances with the same care we bring to any business client.

 

  •   We learn your structure: Every non-profit is different. We take time to understand your funding sources, your grant requirements, your fiscal year, and your board’s reporting needs before we start any work.
  •   We reconcile throughout the year: Clean financial statements start with clean books. We can provide ongoing bookkeeping support or review your internal records periodically so year-end reporting is not a scramble.
  •   We meet your deadlines: Your 990 is due by the 15th day of the 5th month after your fiscal year ends. For calendar-year organizations, that is May 15. If you need more time, we file Form 8868 for an automatic six-month extension. We’re always at work in the background to make sure everything is in order so that you never have to worry. 

Simple & Organized

  1. Gather: We provide a tailored checklist of the documents we need: your general ledger, bank statements, grant agreements, donor records, payroll reports, and prior-year filings.
  2. Review: We reconcile your accounts, classify your revenue and expenses, and verify that restricted funds are properly tracked.
  3. Prepare: We draft your financial statements and your 990 return, cross-checking them against each other for consistency.
  4. Final Review: We walk your executive director or board treasurer through the completed documents, answer questions, and file the 990 electronically.

Common Questions (FAQ)

The 990 is due by the 15th day of the 5th month after the end of your organization’s fiscal year. For calendar-year organizations, that means May 15. You can request an automatic six-month extension by filing Form 8868 before the due date, which would move the deadline to November 15. There is no penalty for filing an extension, but the return must be filed by the extended deadline.

If your organization fails to file its required 990 (or 990-EZ or 990-N) for three consecutive years, the IRS will automatically revoke your tax-exempt status. Revocation is not a warning; it happens automatically on the due date of the third missed return. Once revoked, your organization must reapply for exemption and pay a user fee, and any income received during the period without exempt status may be taxable.

It depends on your gross receipts and total assets. Organizations with gross receipts of $200,000 or more, or total assets of $500,000 or more, must file the full Form 990. Organizations below both of those thresholds can file the shorter Form 990-EZ. Organizations with gross receipts normally $50,000 or less can file the electronic Form 990-N. Private foundations file Form 990-PF regardless of size. We determine which form applies to your organization and prepare it accordingly.

The 990 is an IRS information return. Financial statements serve a different purpose. Your board needs them to fulfill its fiduciary responsibilities. Grantors and major donors often require them as a condition of funding. And if your organization is required to register with Pennsylvania’s Bureau of Charitable Organizations, you may need to submit financial statements as part of that registration. Even when not strictly required, financial statements give your leadership a clearer and more complete picture of your organization’s financial health than a 990 alone.

Our goal is to help people in the best way possible. this is a basic principle in every case and cause for success. contact us today for a free consultation. 

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