Tax Services for Tax-Exempt Organizations

Through our licensed CPA firm Bonadio & Co, LLP, a key part of The Bonadio Group’s services for tax-exempt organizations is preparation of Federal and State information and tax returns such as Forms 990, 990-PF, 990T and CHAR500. We generally incorporate our tax services as part of our audit engagements.

We can also assist you with the preparation of applications for exempt status, and even help represent your entity in tax examinations. However, as "Tax-Exempt" does not necessarily mean "Tax Free" , Bonadio’s tax experts  also consult on issues such as Unrelated Business Income Tax and Lobbying.

Bonadio has kept current on changes to the Form 990 requirements. For example, although the core Form 990 is only two pages longer than before, for some organizations it is accompanied by up to 16 schedules, many of them very unique in the level of detail in their inquiry with very detailed instructions and guidance from the IRS. The revised Form 990 includes two primary areas of focus by Federal government regulators and enforcement agencies: Board governance policies and procedures (e.g., conflicts of interest, whistle blower policies, etc), and Executive Compensation and Benefits reporting.

Beginning in 2010, tax-exempt entities with gross receipts of $200,000 or more and total assets $500,000 or more must file the full Form 990.

Form 990 Requirements

Bonadio Value Added Tax Services for Tax Exempt Organizations

To help you meet your 990 compliance requirements, Bonadio also provides assistance relative to:

  • Policies for documentation of meetings held, or written actions undertaken, during the year.
  • Written policies and procedures governing the activities of local chapters, affiliates and branches to ensure their operations are consistent with those of the organization.
  • Policies for the organization’s governing body, or approved committee/individual, for reviewing Form 990 before filing.
  • Preparing a written conflict of interest policy.
  • Preparing a written whistleblower policy.
  • Preparing a written document retention and destruction policy.
  • Preparing  a written policy/process for determining compensation of the CEO, Executive Director, or top management official and other officers or key employees, that includes a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision.
  • Safeguarding the organizations exempt status with respect to joint ventures or similar arrangement with a taxable entity.
  • Ensuring that the organization to makes its form 1023 (or 1024 if applicable), 990 and 990-T available for public inspections. 
  • Preparing policy or procedure for making the organization’s governing documents, conflict of interest policy and financial statements available to the public.