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Non-Profit Organizations
Non-Profit Organizations are set up to provide some type of assistance where resources are low or nonexistence. These organizations can be product or service-based. They provide low cost or free product or service to those in need. They are expected to acquire an exempt status to allow the Internal Revenues Service (IRS) to exempt them from paying federal income taxes. It also allows those donating to get deductions when filing their tax returns. Non-Profit Organizations must file a 990 or 990EZ every year to help the internal revenue service keep up with how these Non-Profit Organizations spend their donations and or grants.
The Bek Group Inc team will not only provide bookkeeping and tax services for Non-Profit organizations. We are also available to help your Non-profit Organization to properly set up, maintain your books and provide a continuous application of changes to the tax codes. Give us a call at (281) 892-2086 today and get an assessment of your books and enjoy our affordable services. We serve Houston, Texas, and the surrounding areas.
Which Form Do I Fill Out?
990
Large tax-exempt organizations that gross an annual income over $200,000 must fill out the 990 IRS form.
990EZ
Midsized tax-exempt organizations that gross an annual income between $50,000 and $200,000 must fill out the 990-EZ IRS form.
990PF
The Return of Private Foundation form or 990-PF provides fiscal data for the foundation, names of trustees and officers, application information, and a complete grants list.
