Author: Maribeth Wright (Retired)
Apr 9, 2019
Nonprofit Leaders: Protect Yourself From Personal Liability
Have you considered D&O liability insurance for your nonprofit? Read on to find out why you should.
Jun 7, 2018
Care, Compliance, Loyalty & Financial Accountability
There is much to be gained from volunteering your time and resources to the cause, just don't forget to take your fiduciary responsibilities seriously.
Jan 31, 2018
Think FAST: Travelers With Tax Debt To Face New Hurdle
The IRS recently came out with guidelines to help you determine whether or not you should put your travel plans on hold. Read on to find out if the IRS plans to alter your travel plans.
Nov 13, 2017
episode 107: national philanthropy day: how a culture of giving impacts your business
Every year, on National Philanthropy Day – November 15 – people, organizations, and businesses come together to reflect on the great contributions being done to improve our communities. On this episode of unsuitable, we will lend our voices to the chorus. Not only that, but we will be talking to Maribeth Wright, a principal on … Continued
Dec 19, 2016
Will You Claim Charitable Donations On This Year’s Tax Return?
Americans have never before been more generous with their hard-earned dollars than they have in recent years. Find out how you can make your donated dollars work harder.
Jul 13, 2016
5 Tips To Help Your Nonprofit Build A Strong, Dependable Team Of Volunteers
Most nonprofits depend on the help of volunteers to fulfill the organization’s primary mission. Learn how your nonprofit can establish a dependable team of volunteers.
Dec 15, 2015
Episode 13: The Passion of Philanthropy through Wise Giving
On episode 13, “The Passion of Philanthropy through Wise Giving,” you’ll learn the importance of aligning your personal passion through planned giving. Maribeth Wright, CPA, a principal at Rea & Associates and a tax compliance expert for not-for-profit organizations, gives donors a list of digital tools to better vet and select various organizations they are … Continued
Jan 18, 2011
Nonprofit Year-End Reporting to IRS Now Requires More Involvement of Board Members
Over the past three years, the Internal Revenue Service has been implementing the use of a revised form, Form 990, for year-end reporting by nonprofit organizations. The revised form requires much greater detail about the organization, its income and expenses and its policies, as well as the assurance that board members are involved in the … Continued
Jun 1, 2010
Failure to File 990-N: Lose Tax Exemption
On May 15, 2010, an estimated 25 percent of the 1.6 million charities, trade associations and membership groups in the United States lost their tax exempt status for failure to file the IRS Form 990-N. The action results from a provision buried in the 2006 Pension Protection Act, aimed at pension reform. The legislation required … Continued
Apr 13, 2010
Six Things the IRS Wants You to Know About Tax-Exempt Organizations
Making a donation to a charitable organization is an important personal decision. The IRS wants to help you make an informed decision about your donation. Below, the agency explains six things to know about tax-exempt organizations and their tax treatment. Publicly available annual returns. All tax-exempt organizations must generally provide their annual tax returns, as … Continued
Jan 6, 2010
Donating Used Office Equipment to a Not-For-Profit
If you donate used office equipment to a not-for-profit organization, can the not-for-profit send you a receipt for the fair market value of the gift? The short answer is: it depends. First, it is important to remember that valuation of the in-kind gift is the responsibility of the donor. The donee’s responsibility is to make … Continued
Nov 1, 2009
Top 10 Tips to Improve Your Organization’s 990 Filing
For many not-for-profit organizations, the revised IRS 990 form introduced this year can be troublesome. The new form was intended by the IRS to help organizations provide greater transparency about their activities to the public. As a result, the revised 990 requires organizations to provide much more detailed information about the organization, especially regarding its … Continued
Aug 15, 2007
Tax Break for Day Camp
Many working parents must arrange for care of their children under 13 years of age during the summer vacation. Day camp programs are a fun, popular solution – with a tax benefit. The cost of day camp can count as an expense towards the child and dependent care credit. Expenses for overnight camps however do … Continued
Mar 28, 2007
Conflict of Interest Polices for Not-for-Profits
As part of their oversight plan to better monitor the activities of not-for-profit organizations, the IRS is asking for disclosure on whether the organization has a written conflict of interest policy. But what does that mean? A conflict of interest arises if an individual has competing interest when making decisions that affect the not-for-profit organization. … Continued