At JV CPA PLLC, we specialize in serving 501(C)(3), nonprofit organizations in Form 990 preparation, audits, reviews and other nonprofit accounting services.
Our desire is to have the year-end process, whether Form 990 preparation, financial statement audits, financial statement reviews or audit preparation to be as seamless as possible. Our ultimate goal is to assist our clients reach their goals of achieving their charitable mission and serving the community.
Financial Statement Audits or Review
For Not-For-Profit organizations requiring an audit by a Certified Public Accountant (CPA), we provide an Independent Accountant’s Audit Report and the audited financial statements with all required disclosures. For those organizations requiring their financial statements to be reviewed or compiled by a Certified Public Accountant (CPA), we provide an Independent Accountant’s Report and financial statements with all required disclosures. We perform this service in conjunction with your Form 990 preparation.
Form 990 Preparation & State Charities Annual Registrations
For Non Profit Charities or Tax Exempt organizations that have no audit or review requirements, we provide expert IRS Form 990 preparation services along, with any state charity reporting forms. The IRS Form 990 is the important document to 501(c)(3) public charities. Form 990 is required to be filed by the IRS, but it also an excellent marketing tool. If prepared correctly, the form can highlight the positive attributes of your organization. If done incorrectly, your organization has a much greater change at experiencing an IRS examination. In addition, the IRS form 990 is a publicly disclosed document. We recommend preparation of Form 990 be done by a Certified Public Accountant (CPA) experienced in Form 990 and specializing in not-for-profit accounting. That is exactly what we offer at JV CPA PLLC.
Charitable Annual Renewal Info
New York (Char 500): Due 10 1/2 months
after end of fiscal year. If total revenues are over $250,000, a CPA review
required. If total revenues are over $1,000,000 a CPA is audit required.
Pennsylvania (BC-10): Due 315 days after
end of fiscal year. If Gross Annual Contributions are over $100,000, a CPA compilation
is required. If Gross Annual
Contributions are over $250,000, a CPA review required. If Gross Annual
Contributions are over $750,000, a CPA audit required.
Connecticut (CHR): Due 11 months after end of fiscal year. If gross revenues
are over $500,000, a CPA Audit is required. If gross revenues
are over $1,000,000, a CPA Audit is required.
New Jersey (CRI-200 or CRI-300R): Due 6 months after end of fiscal year. If gross
receipts are over $1,000,000, a CPA Audit is required.