Tag Archives: non-profit

Executive Salaries in Charities

by Vai Smith
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The salary information below was calculated by adding the IRS Form 990 categories of “Compensation,” “Contributions to employee benefit plans,” and “Expense accounts and other allowances.” Not included are any benefits received but not reported in the charity’s IRS Form 990. The salary information below was calculated by adding the IRS Form 990 categories of “Compensation,” “Contributions to employee benefit plans,” and “Expense accounts and other allowances.” Not included are any benefits received but not reported in the charity’s IRS Form 990. Name & Title Organization Top Salary* Abraham Continue reading →

Get Information Before You Make a Donation

by Vai Smith
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Americans give liberally. We offer more to philanthropy for every capita than some other created country; more than $200 billion in 2011. However all that cash may not be going where we think. The Tampa Bay Times and The Center for Investigative Reporting have discharged a rundown of “America’s Worst Charities,” 50 associations that raised billions of dollars, yet gave barely any of it to the individuals who need it. Now and again, these philanthropies gave no cash whatsoever. Rather, a significant part of the Continue reading →

Kids Being Used To Sell Candy For Fake Charities

by Vai Smith
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  Adolescent kids are, no doubt sent to new neighborhoods offer confection route to-entryway for the sake of philanthropy. CBS 2’s Dave Savini has been examining these operations and found, sometimes, crooks case to have foundations and use kids to sell their products.In one Naperville neighborhood, a young person is seen strolling alone, approaching outsiders, offering treats. “I’m offering Devil’s Food, chocolate treat cakes, nut bites,” said the kid. CBS 2 discovered one kid, who says he is ten years of age, and other offspring Continue reading →

IRS Tips for Deducting Charitable Contributions

by Vai Smith
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Charitable contributions made to qualified organizations may help lower your tax bill. The IRS has put together the following eight tips to help ensure your contributions pay off on your tax return. 1. If your goal is a legitimate tax deduction, then you must be giving to a qualified organization. Also, you cannot deduct contributions made to specific individuals, political organizations and candidates. See IRS Publication 526, Charitable Contributions, for rules on what constitutes a qualified organization. 2. To deduct a charitable contribution, you must Continue reading →