Non-Profit Accounting

T. Jack Bain, CPA, P.C., an Odessa and Midland area CPA firm, has the staff and depth of knowledge to support the tax and accounting needs of non-profit organizations. We come to you with an understanding of how non-profits operate, your funding issues, reporting requirements and ways to improve your operations. We have experience with charitable organizations, trade and professional associations, private and charter schools, cooperatives, volunteer health and welfare organizations, churches, and private clubs.

Our non-profit services include:

• All tax services
• Preparation of non-profit returns
• Outsourced accounting and bookkeeping
• Assistance with alternate revenue sources, strategic planning, and financing
• Form 990 preparation
• Preparation and review of Uniform Financial Report
• Automated grant reporting
• Application for exempt status (501 (c) (3))
• Tax exempt planning concerning related entities
• Consultation regarding unrelated business income tax
• Consultation regarding for-profit subsidiaries
• Budgeting & cash forecasting
• Accounting system implementation assistance
• Bank reconciliations
• Monthly voucher preparation
• State filings
• Annual charitable trust filing

We offer a free initial consultation for business owners. Call us at 432-617-8070 and ask for Jack Bain to discuss your specific needs.