{"@context":"https://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What's the difference between restricted and unrestricted funds?","acceptedAnswer":{"@type":"Answer","text":"

Unrestricted funds can be used for general operations, while restricted funds must be used for specific programs or purposes defined by the donor or grantor. We help set up fund accounting systems that clearly separate and track each type of funding.\n
\nLearn more through our Preparation of Financial Statements services.

"}},{"@type":"Question","name":"Do I need to file a tax return if my nonprofit doesn't pay taxes?","acceptedAnswer":{"@type":"Answer","text":"

Yes. Most nonprofits must file Form 990 annually, even if no taxes are due. This public document helps maintain your tax-exempt status and communicates your mission's financial impact to donors.\n
\nVisit our Tax Compliance page to stay in good standing with the IRS.

"}},{"@type":"Question","name":"How can I prepare financial reports for my board or grant funders?","acceptedAnswer":{"@type":"Answer","text":"

We provide GAAP-compliant financial statements and custom reports that show income, expenses, program spending, and grant usage. These reports help your board govern effectively and support future fundraising efforts.\n
\nOur Part-Time Controller/CFO services are ideal for growing nonprofits.

"}},{"@type":"Question","name":"Can churches or faith-based groups benefit from these services too?","acceptedAnswer":{"@type":"Answer","text":"

Absolutely. We support religious organizations with bookkeeping, donation tracking, clergy housing allowance compliance, and Form 990 preparation (when required). We understand the distinct needs of faith-based nonprofits.\n
\nLearn more about our Policies & Procedures and Succession Planning & Wealth Transfer services for religious institutions.

"}},{"@type":"Question","name":"Do we need to file a Texas Franchise Tax return as a nonprofit?","acceptedAnswer":{"@type":"Answer","text":"

In many cases, 501(c)(3) organizations are exempt - but documentation and proper registration are required to maintain that status. We help you determine whether you need to file and assist with exemption documentation.\n
\nExplore our State Franchise Income & Tax Return services for nonprofit-specific guidance.

"}}]}