Who we work with
Booster clubs, PTOs, youth sports leagues, Friends-of groups and other small, mostly volunteer-run charities. Many have one part-time treasurer, a single bank account and a handful of events a year. Some have fallen behind after a leadership change.
What the work covers
| Area | What we do | What the organization does |
|---|---|---|
| Bookkeeping | Record, categorize and reconcile; monthly or quarterly reports by program | Share statements and receipts; approve reimbursements |
| Catch-up | Rebuild missed months or years from bank records | Gather what records exist |
| IRS annual return | Determine which return applies; prepare Form 990-EZ or 990; gather and check the 990-N items | An officer reviews, signs and submits where required |
| Massachusetts Form PC | Prepare the form, schedules and attachments, including catch-up years | An authorized officer signs under oath in the Charity Portal |
| Review or audit years | Prepare books and schedules for the independent CPA | Engage an independent CPA |
| Information returns | List the 1099s and W-2Gs payments and prizes call for | Collect W-9s and winner details at payment |
The audit and review line
Massachusetts General Laws c.12 §8F, as the AG applies it from 20 November 2024, requires statements reviewed or audited by an independent CPA when gross support and revenue is more than $500,000, and audited statements when it is more than $1,000,000. The AG does not accept compilations.
Murphy does not perform reviews, audits or other attest work. For an organization over those lines, our role is to get the books and supporting records ready so the independent CPA's engagement starts from reconciled numbers.
How engagements start
- 1.A conversation about the organization, its year-end and where things stand.
- 2.A look at recent bank statements, books and prior filings.
- 3.A scope and a price in writing before anything starts.
- 4.A schedule that works back from the IRS and Form PC due dates.
Legal questions, such as incorporation, dissolution, raffle legality or governance disputes, go to an attorney. We will tell you when a question is one of those.
What a typical year looks like
For a school-year organization, the rhythm is simple. We keep or review the books monthly or quarterly during the season, close the year in July, prepare the IRS return and Form PC in the late summer and early fall, and send them to an officer to sign ahead of the November 15 due dates. Raffle and information-return work fits around the events that trigger it.
Resources for treasurers
Our booster club and PTO treasurer guides explain the IRS, Attorney General, DOR and raffle rules in plain language, with checklists you can print. They are a good place to start before a first conversation.
- Which IRS return your organization files
- Massachusetts Form PC, fees and thresholds
- Raffle permits, lottery tax and clerk reports
- Year-end checklist and compliance calendar
- Treasurer handover checklist
Figures on this page were checked against the IRS and Massachusetts sources listed alongside on 28 Sep 2026. They change — confirm the current amount before relying on one.
General information for owner-led businesses, not advice for your specific situation. Tax and accounting rules change, and how they apply depends on facts particular to your business. Talk to us — or to another qualified professional — before acting on anything here.
