We're Big Enough To Serve You, Small Enough To Know You.
Framingham, MA
Japanese Spoken
Why Choose Us?
  • Flexible Hours
  • Attention To Detail
  • Excellent Customer Service
  • Quick Response
  • Friendly, Professional Staff
  • Fully Licensed & Insured
  • Flexible Appointment Availability
  • Dedicated To Client Satisfaction
  • IRS Representation
Business Hours
Mon - Fri: 8:30am - 5:30pm Sat: 8:30am - 5:30pm Sun: Closed

Non-Profit Organizations in Framingham, MA

We can help you setup and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you.
Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items.
  • Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent...
  • Balance Sheet with specific categories like cash, accounts receivable, accounts payable...
  • Functional Expense Statement with all the expenses allocated to either program services, fundraising, or operations.
  • Individual Program Expense Statement that reports all of the expenses for each program or service like seminar programs or educational mailings.
  • Revenue Support Schedules that detail the organization's sources of income in specific categories like charitable donations, membership fees, investment income.
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.
Here's what we do for you...
  • Review and compile your financial statements
  • Design, install, and maintain your Accounting System
  • Provide training for your accounting personnel
  • Complete and file your non-profit status application
  • Provide training for your board on non-profit financial statement usage and effective budgeting practices
  • Prepare and file the 990 and 990T tax forms
  • Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal and state agencies.
If you're starting a new not-for-profit organization we can help you prepare your organization's 501 (c)(3) application for tax-exempt status.
Here's what's needed...
  • Articles of Incorporation containing 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
  • By-laws of the Organization
  • Minutes of Board Meetings
  • Names, Addresses, and Resumes of Board Members
  • Names and addresses of all Active Members
  • Inventory of Assets like cash, furniture, equipment, property, pledges...
  • Inventory of Liabilities like mortgages, accounts payable, loans...
  • Rent/Lease Agreements and Contracts
  • Revenue and Expense Statements for the last four years or as far back as possible if your organization has been in existence for less than four years.
  • Written Reason for Formation and History of the organization.
  • Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations.
  • Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets...
  • Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers...
  • Fund Raising Program Descriptions
  • IRS Processing/Filing Fee
We are happy to help you with the preparation any of these items.
Photos
  • 160 Speen Street, Framingham, MA 01701
    Our office is conveniently located near the intersection of Route 30 and Speen Street just off the Exit 13 of the Mass. Turnpike.
  • Stephen A. Silver, CPA - President

  • Chizuko (Jessica) Naka Silver, CPA
    Chizuko (Jessica) Naka Silver, CPA has been in public accounting since 1988. She is one of the only Japanese bilingual cpa's practicing in New England. ???
Contact Us Today

508-319-1453

Connect With Us
Location
160 Speen StSuite 307 Framingham, MA 01701, US
See larger map
Get Directions
Payment Methods