Tax & Audit

Resources

annual audit

Canon 39 of the Diocesan Canons and Canon 7 of The Episcopal Church require an annual audit for all entities, including discretionary funds. Audit guidelines have been established by The Episcopal Church and are included in its publication "The Manual of Business Methods in Church Affairs". 

For more information about Audit Guidelines, please view the Audit Guide for Churches.

Download a list of audit committees and auditors.

SALES TAX EXEMPTION

The Diocese of Chicago and its entities are considered a 501(c)3 organization, a designation of not-for-profit status. Agencies held or housed by a Diocesan of Chicago church may need to apply for their own 501(c)3 designation. However, all entities of the Diocese may use the Diocesan Illinois Sales Tax exemption certificate when visiting retail establishments.

Most purchases made by an entity of the Diocese of Chicago are exempt from sales tax. The sales tax exemption is appropriate for the purchase of consumable items that will be used at church or church functions and for the purchase of furniture and equipment that will be owned by the church and used for church purposes.

Sales tax cannot be reimbursed, even with receipts. For this reason, it is important to present the Diocesan Illinois sales tax exemption certificate to all retail vendors. 

SELF EMPLOYMENT TAX

The SE Tax rate is 7.65% (one-half of the total 15.3%). 

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