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Situation
A non-profit tax-exempt organization that was classified as a public charity, headquartered in the United States but conducting the majority of its work overseas, had grown to a point where it was required to file a Form 990. Existing record-keeping methodologies did not provide the documentation necessary for the accurate reporting.
Solution
We provided assistance on several accounting and bookkeeping issues, including a means to properly receipt donations. Staff education on proper bookkeeping methods, record retention and necessary documentation was also provided, as well as a means to monitor contributions for public support testing.
Results
- Implemented appropriate accounting procedures, including IRS guidelines for receipting donations
- Focused staff efforts on fundraising, rather than on accounting issues
- Maintained status as a public charity
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