Services for Private Foundations

Use these prices as guidelines for your actual monthly invoices. There are a few other restrictions and minimums, but the information on this page will give you an accurate estimate of what you will actually pay.

Private Foundations are generally funded through income generated by investments. If this is true for your organization, choose from the list of services in this column. Your fees will be calculated as a percentage of your endowment or assets under management. If you are not sure which category you fall into, contact me and I can help you out. Occasionally, an organization will technically fall into one category, but I will treat them like they belong to the other category if they meet certain criteria.

Bookkeeping and Accounting

0.05% of assets under management, paid monthly

Without a clear understanding of where you money is going and why, you cannot clearly articulate your organization’s impact on your community. Our bookkeeping staff will make sure that you know where your money is going. Our experienced accountants and CPA’s will make sure you understand why.

This service includes access to a cloud based accounting system, monthly bank and credit card reconciliations, review by a CPA, monthly financial package, and a monthly call to review the financial package with our staff. If applicable, I will track your restricted donations as they are released from restrictions. I will also assist and train your staff to access and understand your accounting records.

Accounts Receivable and Accounts Payable

0.05% of assets under management, paid monthly

So, you don’t want to worry about making sure the power bill is paid and record checks that come in. I will handle all the payments for you, both recurring and one-off payments. Your donors and customers can send payments directly to me and I will make sure they are accurately recorded and quickly deposited into your bank account.

Payroll

0.02% of assets under management, paid monthly

Making sure your people get paid on time, every time can be a major hassle. Our professional and experienced staff can make sure you never miss a payroll, worker’s compensation, unemployment insurance, quarterly or annual tax filing. We can even help you set up benefits packages like 401(k)s, IRA’s insurance, and more.

Annual Filings

0.02% of assets under management, paid monthly

Even though your organization is tax exempt, the IRS and your state tax authority still want to hear from you at least once a year. In fact, if you miss too many annual filing deadlines, the IRS will automatically revoke your tax exempt status. Also, some transactions will still result in taxes, despite your tax-exempt status. Don’t lose your tax exempt status over a missed filing or tax payment.

Initial Tax Exempt Status Application

One Time Fee of $150 (excludes IRS fees)

So, you are just getting started. First, congratulations. Second, let’s make sure you get started on the right foot. This process can take months, so let’s get this ball rolling as soon as possible.

Initial Organization or Incorporation

One Time Fee of $150 (excludes state fees)

This is the very first step in the process. Mistakes made here can delay your application for tax exempt status. I can help you get on the right track from the start.

Additional Services

Contact me for more information

Looking for help that you don’t see listed here? I can help with many other services as well. Send me a message to see if I am properly equipped to handle your request. If I can’t handle it, I know someone who can.

Our staff will prepare a quote for the needed services and roadmap of how to help you accomplish your goals.

While all of the work done by the firm is reviewed and supervised by qualified CPA’s, for various legal and technical reasons, The Non-Profit Accounting Project is not a registered CPA firm. This means I am not authorized to conduct audit engagements, review engagements, or any other attestation services. If your organization needs any of these services, I would be happy to provide referrals to several excellent firms that are authorized to perform attestation services.