Non-Profit Organizations
Nonprofits are held to a high standard of transparency by donors, boards and regulators. We provide the accounting, reporting and tax compliance that lets you focus on your mission.
How Nelson & Associates handles Non-Profit Organizations
From applying for tax-exempt status to filing the annual Form 990, nonprofit compliance is detailed and public. We help organizations set up fund accounting, track restricted gifts, prepare board-ready financial statements and file the correct version of Form 990.
We also prepare for the audits and reviews required by grantors, Florida's charitable solicitation registration and the federal Single Audit rules for organizations that spend $1,000,000 or more in federal awards in a year. Our audit, review and compilation services are described on their own page.
Who this is for
- Charities and community organizations
- Private and family foundations
- Churches and religious organizations
- Trade and professional associations
- Schools and educational organizations
- Organizations receiving government grants
Everything covered in our Non-Profit Organizations service
- Applications for exemption (Form 1023 or 1023-EZ)
- Annual Form 990, 990-EZ, 990-N or 990-PF
- Unrelated business income returns (Form 990-T)
- Fund accounting and donor restriction tracking
- Board and grantor financial reports
- Audit, review and compilation engagements
- Florida charitable solicitation registration support
- Internal controls tailored to nonprofits
The paperwork behind Non-Profit Organizations
| Form 1023 / 1023-EZ | Application for recognition of exemption under section 501(c)(3) |
|---|---|
| Form 990 | Return of organization exempt from income tax |
| Form 990-EZ / 990-N | Short form and e-postcard for smaller organizations |
| Form 990-PF | Return of private foundation |
| Form 990-T | Exempt organization business income tax return |
| Schedule B | Schedule of contributors |
What we’ll need from you
Have these ready and your first meeting goes faster. Missing something? We’ll help you find it.
- Articles of incorporation and bylaws
- IRS determination letter
- Board minutes and conflict of interest policy
- Donation and grant records, including restrictions
- Financial statements and bank statements
- Prior-year Form 990
How it works, step by step
Review
We review your governance documents and financial records.
Organize
We set up fund accounting and restricted-gift tracking.
Report
Board reports and grant reports are prepared on schedule.
File
Form 990 and state registrations are prepared and filed.
Why clients choose us for Non-Profit Organizations
Small firm personality
You work with the same people every month, and they know your business.
Big firm capability
CPA-level reporting, controls and tax insight for growing companies.
Florida rules handled
Sales tax, reemployment tax, annual reports and property tax on one calendar.
Global business experience
Experience with companies trading across the U.S., Latin America and Europe.
Non-Profit Organizations across the United States
From our Doral office we provide Non-Profit Organizations to clients in all 50 states and Washington, D.C. Hover over a state to see its tax profile and the cities we serve; tap it to open the state page.
Services clients often pair with this
Audits, Reviews & Compilations
Independent financial statement audits, reviews and compilations for lenders, investors, boards, grantors and government agencies.
Learn more Audit, Forensic & LitigationInternal Controls
Design and review of internal controls that protect assets, prevent fraud and make financial reporting reliable.
Learn more Business Accounting & AdvisorySmall Business Accounting & Bookkeeping
Monthly bookkeeping, reconciliations and financial statements that keep your business accurate, tax-ready and easy to manage.
Learn more Business Accounting & AdvisoryPart-Time CFO Services
Senior financial leadership on a part-time basis: budgets, forecasts, KPIs, lender relationships and strategic decisions.
Learn moreMore in Business Accounting & Advisory
Non-Profit Organizations FAQs
5 answers to the questions clients ask most. Don’t see yours? Ask us directly.
Which Form 990 do we file?
It depends on gross receipts and assets. Very small organizations file the 990-N e-postcard, mid-sized organizations may file 990-EZ and larger ones file the full Form 990. Private foundations always file 990-PF.
What happens if we don't file?
An organization that fails to file for three consecutive years automatically loses its tax-exempt status. Late filing penalties can also apply.
Do we need an audit?
It depends on your grantors, lenders and funding levels. Organizations spending $1,000,000 or more in federal awards in a fiscal year generally need a Single Audit.
Can nonprofits owe income tax?
Yes, on unrelated business income above $1,000, reported on Form 990-T.
Do you offer Non-Profit Organizations outside Florida?
Yes. Our office is in Doral, Florida, and we work with clients across the United States and abroad through secure uploads, phone and video meetings and e-signatures. South Florida clients are welcome to meet with us in person.
Talk to a CPA about Non-Profit Organizations.
Your initial consultation is free. Call us, email us or visit our Doral office, and we’ll tell you exactly what you need and what it will cost.