Non-Profit Organizations

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.


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Non-Profit Organizations

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Paramount Experience

Many people do not know how a professional tax and accounting firm differs from a bookkeeper or tax preparer. The main difference when working with a professional tax and accounting firm, such as Paramount, is that our firm utilizes the services of CPAs, EAs, and Attorneys who are distinguished from other finance professionals by stringent qualification and licensing requirements. Paramount has worked hard to create relationships to deliver the value that our clients expect. In fact, our goal is to be the No. 1 Non-Profit Organizations firm in America. So when you ask yourself, "Where can I find Non-Profit Organizations services near me?"... think no further than Paramount!

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Bountiful, UT
499 S 100 W, Bountiful
Utah, 84010

801-683-9734

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1490 South Price Road, Chandler
Arizona, 85286

480-247-6504

Cottonwood Heights, UT
101 E 7200 S, Midvale
Utah, 84047

385-529-0814

Draper, UT
12357 S 450 E, Draper
Utah, 84020

801-890-4777

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16700 Valley View Avenue, La Mirada
California, 90638

626-968-8680

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8430 W Lake Mead Blvd, Las Vegas
Nevada, 89128

253-232-2089

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8170 W Sahara Ave, Las Vegas
Nevada, 89117

702-983-0115

Lehi, UT
3450 N. Triumph Blvd., Lehi
Utah, 84043

801-753-5767

Salt Lake City, UT
136 East South Temple, Salt Lake City
Utah, 84111

801-683-4969

Saratoga Springs, UT
1305 N Commerce Drive, Saratoga Springs
Utah, 84045

801-683-4967

South Jordan, Riverton UT
2339 West 11800 South, Riverton
Utah, 84065

801-998-2127

St. George, UT
1283 E. Galilee Way, Washington
Utah, 84780

435-565-6700

West Jordan, UT
8783 S Redwood Road, West Jordan
Utah, 84088

801-899-3350

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