Back to top

Blog

Click here to go back


Oct 23 2012
Non-profits Operating in Massachusetts

Posted in not-for-profits

Massachusetts Filings for Not-for-Profits

The Public Charities Division of Massachusetts Attorney General's office requires not-for-profit organizations to file various reports, forms and other information on an annual basis.  The two basic items are the annual report and the Form PC.  Depending on the gross support received by the non-profit additional information may also need to be filed with the Form PC, as follows:

  • If gross support is $5,000 or less, the 990-EZ is no longer required for periods ending on or after 5/15/11.
  • If gross support is over $5,000 and the organization files a 990 or 990-PF it must accompany the Form PC.  If a 990 isn't required, Form 990-EZ must be completed and filed with the Form PC.
  • If gross support exceeds $200,000 and is not more than $500,000, the organization must have its financial statements reviewed by an independent CPA.  The reviewed financial statements must be submitted with the Form PC.
  • If gross support totals more than $500,000, audited financial statements, prepared by an independent CPA in accordance with generally accepted accounting principles must be submitted with the Form PC.
  • Schedules A-1 and A-2 must be completed with the Form PC if the organization solicits funds from the public.
  • Schedule RO of the Form PC must be completed if there are organizations related to the organization during the reporting year.

The filing fee with the Form PC ranges from $35 to $2,000 depending on the gross support of the organization.

If you are seeking an accounting firm to perform an audit, review or even the information returns for your non-profit please contact our office at 781-438-6655.  For more information regarding services provided by our firm please visit www.twbatescpa.com.

Last Updated by Mike on 2012-11-01 07:14:35 AM

Thank you for visiting our blog.  While we work hard to keep our content informative and accurate, should you come across an apparent error or misstatement we would appreciate your feedback so we are able to correct the post.  Please be aware that certain information contained in a post may be time sensitive, and as often is the case, can become outdated.

The content of our blog often represents our professional opinion, but it may not apply to your specific set of circumstances, please contact your tax professional for more information.  What you find on this blog should not be taken as counsel and nor should it be considered as fact or absolute.

Comments on this website are the sole responsibility of their writers and the writer will take full responsibility, liability, and blame from any libel or litigation that results from something written in or as a direct result of something written in a comment.

Thank you for visiting our blog.  While we work hard to keep our content informative and accurate, should you come across an apparent error or misstatement we would appreciate your feedback so we are able to correct the post.  Please be aware that certain information contained in a post may be time sensitive, and as often is the case, can become outdated.

The content of our blog often represents our professional opinion, but it may not apply to your specific set of circumstances, please contact your tax professional for more information.  What you find on this blog should not be taken as counsel and nor should it be considered as fact or absolute.

Comments on this website are the sole responsibility of their writers and the writer will take full responsibility, liability, and blame from any libel or litigation that results from something written in or as a direct result of something written in a comment.

Thank you for visiting our blog.  While we work hard to keep our content informative and accurate, should you come across an apparent error or misstatement we would appreciate your feedback so we are able to correct the post.  Please be aware that certain information contained in a post may be time sensitive, and as often is the case, can become outdated.

The content of our blog often represents our professional opinion, but it may not apply to your specific set of circumstances, please contact your tax professional for more information.  What you find on this blog should not be taken as counsel and nor should it be considered as fact or absolute.

Comments on this website are the sole responsibility of their writers and the writer will take full responsibility, liability, and blame from any libel or litigation that results from something written in or as a direct result of something written in a comment.