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