Accounting, Taxes, Audits

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Not-for-Profit Organizations

Planning to set up a new Not-for-Profit Organization in Los Angeles? We at Narayan CPA, can help at each and every step and prepare organization's 501 (c) (3) application, which is required for tax-exempt status.

Here is what is required…

  • Articles of Incorporationcontaining the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury 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").
  • Employer Identification Number (EIN)
  • By-laws of the Organization
  • Board Meetings’ Minutes
  • Board Members’ Details, including names and addresses
  • All the Active Members’ Details, again their names and address
  • Assets’ Inventory- cash, property, furniture, equipment, pledges, and more.
  • Liabilities’ Inventorysuch as, mortgages, loans, accounts payable...
  • Rent/Lease Agreements and Contracts
  • Detailed Statements of Revenue and Expensesfor the period of past four years (or in case, your organization has been into existence for less than four years, then the details up to date.)
  • Inception as well as the backgroundof the organization in written.
  • The Vision / Organization’s Statement of Mission or of Faith or Beliefs for other Religious Organizations.
  • Everyday Activities, Running Operations and Organizations’ Programs Detailed Documentation . This is inclusive of your statement of purpose, activities and operations, food or free service programs, donators, flyers/brochures...
  • Financial Supporting Documentationsincluding all the sources of revenue, leaving nothing, like contributions, offerings, supplications, tithes,donations, and more...
  • Fund Raising Program Descriptions
  • IRS Basic Filing or Processing Fee

Most tax-exempt organizations are required to submit the 990 Form and the related documentations every year to the IRS. At Narayan CPA, we review and compile your non-profit organizations’ financial reporting documents, maintain accounts, and prepare payroll on weekly, biweekly, or monthly basis.

Having said that, we also provide excellent training to your board of members on accounting as well as help your accounting personnel to handle things for you and your organization.We also help in preparing housing allowance for the pastor and all the other required benefit documentations, in order to stand on the needs of complex dual ministers’ status.

Not to forget, we complete all the documents and file the non-profit organization application for you, and after its formation, we help you in filling 990 and 990T tax forms.


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