Three Vermont non-profit organizations reported to the Internal Revenue Service that they experienced significant financial losses due to theft in recent years, according to an investigation published by the Washington Post on Sunday.
The Post analyzed federal tax filings from 2008 to 2012 submitted by organizations across the country and found more than 1000 nonprofits reported a “significant diversion” of assets, primarily as a result of theft or embezzlement, which drained an estimated $500 million from their collective coffers.
The Post found three Vermont organizations in that category and made their records available in a database.
White River Junction-based Twin Pines Housing Trust, which provides low-income housing, the American Legion Post 29 in Readsboro and the South Burlington-based Make-a-Wish Foundation of Vermont reported being victimized on their Federal Form 990s, which nonprofits provide the Internal Revenue Service.
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