Non-Profit Organizations

Paramount Non-Profit Organizations Services

We can help you setup and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you.

Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items.

  • Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent...
  • Balance Sheet with specific categories like cash, accounts receivable, accounts payable...
  • Functional Expense Statement with all the expenses allocated to either program services, fundraising, or operations.
  • Individual Program Expense Statement that reports all of the expenses for each program or service like seminar programs or educational mailings.
  • Revenue Support Schedules that detail the organization's sources of income in specific categories like charitable donations, membership fees, investment income.

The IRS uses these very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. So it's imperative that you build your accounting system around these revenue and expense classifications.

Here's what we do for you...

  • Review and compile your financial statements
  • Design, install, and maintain your Accounting System
  • Weekly, bi-weekly, or monthly payroll preparation
  • Payroll Tax Preparation and Deposits
  • Provide training for your accounting personnel
  • Complete and file your non-profit status application
  • Provide training for your board on non-profit financial statement usage and effective budgeting practices
  • Prepare and file the 990 and 990T tax forms
  • Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal and state agencies.
  • Churches: We prepare the pastoral housing allowance and other required benefit documentation to meet the complex dual status of ministers.

If you're starting a new not-for-profit organization we can help you prepare your organization's 501 (c)(3) application for tax-exempt status.

Here's what's needed...

  • Articles of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 ("Organizational Test").
  • Employer Identification Number
  • By-laws of the Organization
  • Minutes of Board Meetings
  • Names, Addresses, and Resumes of Board Members
  • Names and addresses of all Active Members
  • Inventory of Assets like cash, furniture, equipment, property, pledges...
  • Inventory of Liabilities like mortgages, accounts payable, loans...
  • Rent/Lease Agreements and Contracts
  • Revenue and Expense Statements for the last four years or as far back as possible if your organization has been in existence for less than four years.
  • Written Reason for Formation and History of the organization.
  • Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations.
  • Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets...
  • Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers...
  • Fund Raising Program Descriptions
  • IRS Processing/Filing Fee

We are happy to prepare any of these items if you need help.

Contact Paramount to let us help you setup and/or maintain your non-profit tax-exempt status.

Call 801-341-2300 today!

Non-Profit Organizations

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Rob has been our tax accountant and business advisor since 1998, when our area was devastated by flooding.The first thing he did was revise and correct discrepancies from our previous tax preparer. Early on in our relationship, he represented us before the IRS. His efforts and knowledge resulted in a very positive outcome.Rob continually updates his knowledge of tax laws and regulations to stay current, helping all his clients avoid costly errors and unnecessary taxation.You can count on his advice being ethically sound, up-to-date, and custom-tailored to each client. This is unique in our experience. As a thorough professional, Rob is available not just at tax time, but throughout the year for advice on tax matters and valuable discussions on business decision-making.He would rate six stars if that were available.
— Jack Kimmivh
Posted June 27th 2019
Google
I highly recommend Paramount Tax as your CPA! They are very professional, meticulous, and do things right!
— Julie Clawson
Posted June 23rd 2019
Google
I was a nervous wreck about many many years of Tax problems. When I entered Robs office he was understanding, reassuring and confident that it could be resolved. For the first time in 12 years I am hopeful. There are a lot of con men out there. Rob seems like the real deal! We have just started the process so I will tell you how it goes when we're done. But I am hopeful we can work with Rob to work it out.
— JoAnn Lujan
Posted June 21st 2019
Google
— Ivy Wesley
Posted June 21st 2019
Google
Showing 4 of 80 reviews (Average rating of total: 5 stars!)


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Many people do not know how a CPA differs from a bookkeeper or tax preparer. The CPA designation is one of the most widely recognized and highly trusted professional designations in the business world. CPAs are distinguished from other finance professionals by stringent qualification and licensing requirements. Paramount CPAs have worked hard to obtain their CPA designation, and are committed to working even harder to deliver the value that that designation conveys. In fact, our goal is to be the No. 1 Non-Profit Organizations firm across the United States. So when you ask yourself, "Where can I find Non-Profit Organizations services near me?"... think no further than Paramount

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