Paragon Solutions Consulting, LLC

11/30/2022

Always proud to be a sponsor with this organziation.

A word of thanks and a round of applause for PARAGON SOLUTIONS CONSULTING. We gratefully acknowledge for PARAGON SOLUTIONS CONSULTING their support of our organization, our mission to assist residents in “creating safe, friendly and attractive neighborhoods throughout the Racine community," and our annual "Take a Taste Out of Crime" fundraiser.

Visit their website at https://www.facebook.com/ParagonSolutionsConsulting/.

09/09/2021

Paragon Solutions is a proud sponsor once again for the 2021 Crime Stoppers USA annual meeting and training conference! Here to assist small and medium size tax-exempt organizations with organizational development, financial, strategic planning, tax revocation recovery, project management and governance/team building.

08/23/2021

Paragon Solutions Consulting is once again proudly sponsoring Racine Neighborhood Watch and the Take a Taste Out of Crime Online event!

Thank you to PARAGON SOLUTIONS CONSULTING, a Take a Taste Out of Crime Online" supporter, patron, and friend of Racine Neighborhood Watch, Inc.

Learn more about PARAGON SOLUTIONS CONSULTING at https://www.facebook.com/ParagonSolutionsConsulting

11/23/2020

Wishing you and your family a thankful and very happy Thanksgiving! Be Safe and stay healthy during these challenging times. And don't forget, it is not too early to begin thinking of year end financial preparation!

10/20/2020

Proud to be a Bronze Sponsor to the Racine Friendship House, a community organization working together to rebuild lives affected by mental illness! Check out their annual fundraising event with an online auction. https://event.auctria.com/bf168391-0493-4c48-80a1-74e34bdba427/aa6cd270-8751-11e9-a741-3fcfcb35cbb0

06/20/2020

Well, the election season is upon us with many upcoming debates, rallies and campaign processes. As a tax-exempt entity, the organization is restricted in what activities it can conduct and participate without jeopardizing its tax-exempt status. The AICPA has provided a simple question and answer outline regarding some of these restrictions from the Internal Revenue Service in the info below. Please consult the IRS Revenue Ruling 2007-41, your accountant or connect with me. Don't jeopardize your tax-exempt status by not following the regulations!

04/19/2020

I know tax-exempt organizations are seeing a potential decrease in donations due to current environment. However, a not so publicized item in the recently enacted CARES Act provides some income tax relief to taxpayers making cash donations in 2020. It is as follows:
Enhanced Charitable Giving Incentives
Temporary Universal Charitable Deduction—Taxpayers who do not itemize their deductions can take a one-time deduction of up to $300 for gifts made to charitable organizations. The provision is intended only for the year 2020; however, in the text of the bill, it states taxable years “beginning in 2020 …” and does not include a sunset date, thus it conceivably could extend beyond 2020. The deduction is ONLY for gifts of cash made in calendar year 2020 and does not cover other types of gifts or contributions made to donor-advised funds or private foundations.
Suspends the 60 percent adjusted gross income limitation for individuals’ charitable contributions for the year 2020. In a typical year, individuals can only take a charitable deduction of up to 60 percent of their adjusted gross income, no matter how much they give. For 2020, there is no limit, making cash contributions fully deductible.
Share this with potential donors considering a donation to your tax-exempt 501(c)(3) charitable organizations. This will provide some relief on their 2020 tax return!

04/19/2020

The Internal Revenue Service recently provided guidance on nonprofit informational Form 990 series tax returns. With the current COVID-19 Coronavirus pandemic, many individuals, businesses and corporations tax returns and payments have been delayed until July 15. That same guidance is now provided to tax-exempt organizations with any tax returns do after April 1 are now delayed until July 15. If your tax-exempt organization follows the calendar year as their fiscal year, the Form 990 series returns would normally be due on May 15, 2020. However, with this new guidance from the Internal Revenue Service, these returns are not due until July 15, 2024 fiscal year 2019. If you have a different fiscal year than the calendar year, please consult the IRS website or leave a message here.

02/15/2019

Join us for the Racine Neighborhood Watch, Inc. fund raising event, 'Take a Taste Out of Crime' at Roma Lodge, Racine, WI on March 29, 2019! Wine and beer tasting and many fabulous prizes and raffles!

Joining the "Take a Taste Out of Crime" sponsor line-up again in 2019 is this notable business. We recognize and are grateful to

PARAGON SOLUTIONS CONSULTING, LLC

https://www.facebook.com/pg/ParagonSolutionsConsulting

02/15/2019

It is tax time again. So while you complete your personal taxes, and you participate on a tax-exempt board of directors, every tax-exempt organization must complete one of the Form 990 series annual returns! Due date: the 15th of the 5th month following the end of the fiscal year. If not completed, penalties and interest may be incurred and automatic revocation of exempt status occurs if not filed for 3 years!

12/31/2018

A we approach the end of another calendar year, it is a good time to reflect on some basic best practices for tax-exempt organizations.
- Time to dust off and review your conflicts of interest policy and annual questionnaire from your board members.
- Ensure the organization maintains minutes of all board and executive committee meetings.
- Have an employed executive director? Remember to analyze salary and benefits determining the pay and benefits are appropriate based on industry standards and local comparisons.
- Board members should require to review the annual IRS Form 990 prior to filing and ensure of its timely filing.
- Disclose to the public the tax-exempt organizations 3 most recently filed tax returns, along with disclosure of the original application for tax exemption and determination letter.
These are the basic steps a tax exempt organization should maintain. For more information on additional steps that should be taken by your organization for implementing best practices on good governance, contact Paragon Solutions at [email protected].

10/24/2017

Best Practice for tax-exmpt organizations: Ensure all board members and volunteers are are knowledgeable and up to speed on the organization's mission, vision and objectives. Does your organziation provide a new board member orientation process along with providing applicable documentation? By providing this training, board members will become immediately engaged to assist your program moving forward as an entire team. Regular ongoing training for the full board will also keep members sharp while continuing to ensure the organization is appopriately aligned with new challenges.