Accounting for Non-Profit Organizations in El Paso, TX

Tax exempt and general accounting questions answered by a top CPA firm.

Non-profit accounting specialists

We salute those of you who work in the non-profit sector. You are a valuable resource for our community and your work benefits society.

Volunteerism is a hallmark of Marcus, Fairall, Bristol + Co., PLLC. Our community-oriented partners at Marcus Fairall, Bristol +Co, PLLC are active volunteers in the local community and we encourage our staff to become involved in their favorite non-profit.

If you have been involved in the non-profit world for any length of time in El Paso and Las Cruces NM, you are almost certain to have met one of our professional accountants. As specialists in non-profit accounting they assist the non-profit organization to file for tax-exempt status and set up the required accounting systems including helping the agency with the appropriate reporting and disclosure policies.

File for tax-exempt status

Non-profit organizations are exempt from many taxes, therefore, the agencies have the burden of maintaining careful records to s how compliance with federal requirements.

By definition, non-profit organizations are prohibited from making a profit outside of the scope of the organization. They cannot pass profits on to directors or members of the organization, other than by way of legitimate salaries; the profits must be used for their philanthropic activities.

To receive the tax benefits of a non-profit entity, you must apply for tax- free status. (This means that the entity wishing to be exempt from taxes will need to file an application for non-profit status with the IRS) Tax-exempt refers to net income and/or profits that are free from tax at the federal, state, or local level.

Tax exempt status comes with a host of reporting requirements that must be met. We’ll set up your reporting, bookkeeping, and payroll systems and we can assist in preparing your organization’s formation documents.

To learn more contact via email at info@marcfair.com or call us at (915) 775-1040.

Accounting for the not-for-profit organization

If you’re starting a new not-for-profit organization we can help you prepare your organization’s 501 (c)(3) application for tax-exempt status.

Here’s what’s needed…

Articles of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 (“Organizational Test”).
Employer Identification Number
By-laws of the Organization
Minutes of Board Meetings
Names, Addresses, and Resumes of Board Members
Names and addresses of all Active Members
Inventory of Assets like cash, furniture, equipment, property, pledges…
Inventory of Liabilities like mortgages, accounts payable, loans…
Rent/Lease Agreements and Contracts
Revenue and Expense Statement for the last four years or as far back as possible if your organization has been in existence for less than four years.
Written Reason for Formation and History of the organization.
Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations.
Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets…
Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers…
Fund Raising Program Descriptions
IRS Processing/Filing Fee

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TESTIMONIALS

My wife and I have used Marcus, Fairall, Bristol for several years now and have been extremely happy with their timeliness, professionalism, and overall product. Turn around time for any email is usually just a few hours, even during the height of tax season. Never had any issues with our tax returns and their accuracy is 100% all of the time. I was referred to David Marcus by my uncle (another CPA by training), so you know you can trust the recommendation of one expert to another. I've referred several friends to David Marcus and I've heard great reviews of their experiences with the firm. No doubt we will continue with David Marcus into the foreseeable future.

Hands down the best CPA I've ever hired. David Marcus and his whole team are top notch. From start to finish they took care of me like I was their only client. Cannot recommend highly enough.

Mr. David Marcus is the absolute BEST! I have used him for years now and he treats us like family. His genuine concern and assistance in everything he does is outstanding. Even his staff is amazing and super helpful. You can’t ask for anything more. Super professional yet down to earth. I can’t thank them enough for such great, quality service!

I am very happy with the quality of service provided by this firm. I used them for tax preparation services and found they were very knowledgeable, responsive/prompt, courteous and thorough. I won't hesitate to use their services next year!

I don’t know where our small business would be without the support and accounting expertise from Marcus, Fairall, and Bristol. We have been thriving as a small business since 2005 because of the financial and accounting knowledge of the accountants at MFB. They are responsive, professional, ethical, and experts in their field. You can ask any question and they will provide you with accurate and informed accounting information. They are accountants other accountants would seek. Yes! They are that good. If you are a small or mid-level business I would 100% recommend them. We feel very fortunate to have been referred to them 15 years ago. – PPS a Veteran owned business El Paso

I'm so grateful I found Mr. Marcus to help me with my taxes!! The team truly cares about their clients and can help with any tax related issue. If anyone needs someone to file their taxes: Marcus, Fairall, Bristol+Co. is where you need to go!!

I have been a client of this firm for almost 15 years because I have full confidence in their ability to ensure a proper Return and safeguard their clients with sound, fiscal advice and professional service.. I wholeheartedly recommend them for anyone needing erudite Tax preparation and other services

Always a pleasure working with Marcus, Fairall, Bristol + Co. The quality of work is always excellent. Questions and emails answered quickly. Everything you need in an accounting firm.

David Marcus is always there to answer questions and make sure to keep our small nonprofit out of hot water with the IRS. We could not ask for more support, advice and professional services to keep us on the right track. 4 Paws UP and a huge tail wag!

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Have any financial questions?

Should you need any help related to non-profit accounting please don’t hesitate to reach out to one of our CPAs and we’ll get you the right information and advice to ensure you make the right decisions! Call (915) 775-1040 for immediate assistance!

MARCUS, FAIRALL, BRISTOL + CO., PLLC

230 Thunderbird Dr Ste G, El Paso, TX 79912

Phone: (915) 775- 1040

Full-Service CPA Firm in El Paso

Need help resolving tax problems?

If you owe back taxes, have received an IRS notice or are already experiencing a lien, levy, wage garnishment or other tax problem, take a positive step on putting an end to your tax problems. Call us today and we will provide you with a tax resolution expert to help you out.