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 Tax & Accounting 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 Tax & Accounting, 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 Tax & Accounting!

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Find a location near you

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

801-683-9734

Chandler, AZ
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

Gilbert, AZ (North)
1166 East Warner Road, Gilbert
Arizona, 85296

480-691-2030

Gilbert, AZ (South)
4365 East Pecos Road, Gilbert
Arizona, 85295

480-691-2075

Globe, AZ
656 North Broad Street, Globe
Arizona, 85501

928-425-0141

Henderson / Boulder City, NV
170 S. Green Valley Parkway, Henderson
Nevada, 89012

702-757-2080

Katy, TX
24044 Cinco Village Center Blvd., Katy
Texas, 77494

832-264-4401

La Mirada, CA
16700 Valley View Avenue, La Mirada
California, 90638

626-968-8680

Las Vegas, NV (Central)
8170 W Sahara Ave, Las Vegas
Nevada, 89117

702-983-0115

Las Vegas, NV (South)
8275 South Eastern Avenue, Las Vegas
Nevada, 89123

702-389-1733

Las Vegas, NV (West)
8430 W Lake Mead Blvd, Las Vegas
Nevada, 89128

702-343-9257

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

801-753-5767

Mountain Home, ID
Address Coming Soon!, Mountain Home
Idaho, 83647

208-254-7788

Orem, UT
1431 S 550 E, Orem
Utah, 84097

801-893-8535

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

801-683-4969

Sandy, UT
9295 S 1300 E, Sandy
Utah, 84093

385-501-1904

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

801-683-4967

South Jordan, Riverton UT
10808 S. River Front Parkway , South Jordan
Utah, 84095

801-998-2127

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

435-565-6700

Sugar House, UT
2150 S 1300 E, Salt Lake City
Utah, 84106

385-501-2045

Sugar Land, TX
77 Sugar Creek Center Blvd, Sugar Land
Texas, 77478

281-343-3304

West Jordan, UT
8823 S Redwood Road, West Jordan
Utah, 84088

801-899-3350

West Valley, UT
3624 West Bawden Ave, West Valley City
Utah, 84130

801-597-4514

Weston, Pembroke Pines FL
2250 NW 136th Ave, Pembroke Pines
Florida, 33028

561-802-0168

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