Non-Profit Organizations

As a non-profit organization, the IRS has specific reporting requirements that must be met each and every year in order to continue to qualify for tax-exempt status. This includes submitting Form 990 and its relations, including a number of specific items such as:

An Income Statement providing category breakdowns on donations, salaries paid, rent, postage and more. Revenues and expenses also need to be broken down in detail.
A Balance Sheet that accounts for cash, accounts payable and accounts receivable and more.
A Functional Expense Statement that provides information on all expenses related to fundraising, program services provided and general operations.
An Individual Program Expense Statement spelling out each program or service’s expenses, including any mailings that are sent out or educational programs that have been held.
Detailed Revenue Support Schedules providing information on the sources from which the organization gets its income, including a breakdown of specific category revenues for membership fees, donations, investment revenue and the like.

In addition to preparing these important support documents, we are also able to provide you with business services specifically designed for the needs of tax-exempt organizations.

Our services include:

The preparation and review of financial statements for the organization
Creation, installation and maintenance of an Accounting System specific to your needs.
Payroll preparation on a weekly, biweekly or monthly schedule.
Preparation of Payroll Taxes, as well as setting up deposits.
Bookkeeping training on the accounting system for your staff.
Preparation and filing of all non-profit status paperwork and applications.
Special training for your advisory board regarding how to properly use non-profit financial statements, as well as budgeting for non-profit expenses.
Preparation and submission of all tax forms, including the 990 and 990T forms.
Preparation of all incorporation documentation, as well as all other paperwork required for non-profit startups, including federal employee identification number and payroll set up.
We provide benefit documentation as well as the preparation of pastoral housing allowances for churches in keeping with the dual status of ministers.

For those individuals who are creating new non-profit organizations, we are able to help with you all of the documentation required as part of the 501 (c)(3) application, including the Articles of Incorporation containing the Exempt Purpose as described in the IRS code and defined in Treasure Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 (“Organizational Test”).

In addition, we can help you with all other requirements, including:

Obtaining an Employer Identification Number
Creating bylaws for the organization
Minutes of board meetings
Names, addresses and resumes of Board Members
Active member names and addresses
A complete inventory of assets
A complete inventory of liabilities
Assembling all Rent/Lease agreements
Revenue and Expense Statements for the prior four years, or if the organization hasn’t existed for four years for as long as the organization has been in existence.
Written reason for Formation and History of the organization
Mission Statement or Statement of Faith or Belief
Activities, operations and program documentation, including statement of purpose, fundraisers, pamphlets, etc.
Financial Support Documentation, including accounting of revenue including tithes, contributions, fundraisers, etc.
Preparation of IRS Processing/Filing Fee

Jungle Books, Inc. has extensive experience in assisting with the preparation and assembly of all of the necessary documents and can help with all phases of non-profit accounting.

Frequently Asked Questions

This firm prepares tax returns for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. Our firm’s seasoned professionals are experts in all areas of taxation including:

Individual Returns
Payroll Tax Issues
Business Returns
Sales Tax Returns
Rental Income Returns
Business Consultation
Expatriate Returns
Fiduciary & Estate Returns
Corporation Returns
Bookkeeping
Partnership Returns
LLC Returns

Our firm offers a full range of planning services including, but not limited to:

Individual Tax Planning
Business Tax Planning
Business Organization
Rental Properties
Foreclosures and Repossessions
Retirement
Investments
Sales and Exchanges
Pension Plans
Education Planning
Finance & Refinance Planning
Home Purchase and Sale Planning

We are here for you twelve months a year, not just during tax season. Whether you have a simple tax question, need advice on the tax implications of a business decision, or want clarification on a government notice, feel free to give us a call.

We maintain a policy of the strictest confidence concerning our clients’ affairs. You can rest assured that no one will learn about your business or tax status – even relatives, associates or friends who might have referred you to us.

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Frequently Asked Questions