MossAdams - Wendy Campos

Industry Expertise

Foundations Higher Education Hospitals & Health Systems Not-for-Profit

Practice Focus

Accounting for Income Taxes (ASC 740) Accounting Methods Business Tax Personal Tax Tax Structuring

Biography

Wendy has been in public accounting since 2000 and focuses primarily on tax-exempt organizations, including foundations (both private and public), higher education institutions, hospitals, credit unions, trade associations, and other not-for-profit organizations. Wendy is a highly capable business advisor to her clients, providing compliance and consulting in the areas of:

Unrelated business income
Alternative investments Obtaining and maintaining tax-exempt status
Deferred taxes
Fringe benefits
Forms 990, 990-PF, and 990-T
Grantmaking
Related and controlled organizations
Compensation reporting
Self-dealing
Planning for the minimum distribution requirements and excise tax rate.

Wendy is the firm’s tax leader for the following industries: government, not-for-profit, higher education, tribal and gaming, and utilities.

Selected Speaking Engagements

Unrelated Business Income Tax (UBIT)
(Oregon Society of CPAs Not for Profit Conference, May 2016)
Assessing Your Private Foundation’s MDR Environment
(Council on Foundations Annual Conference, April 2016)
2015 NICBOA Audit, Accounting and Tax Update
(Northwest Independent Business College Officer’s Association, March 2015)
Tackling the New Tangible Property Regulations
(National Association of College and University Business Officers Unrelated Business Income Tax Conference, February 2015)
Investing with Impact: A Technical Webinar for Foundation Finance Officers & Staff
(Moss Adams Webcast and co-presented with Mission Investors Exchange and Meyer Memorial Trust, January 2015)
Expenditure Responsibility: It’s not that Hard – Creative Grant Making at Home and Abroad
(Moss Adams Webcast, October 2014)
The Business Side of Philanthropy
(The River Gathering: A Confluence of People, Places and Spirit, co-presented by: Philanthropy Northwest and Grantmakers of Oregon and Southwest Washington, May 2014)

Professional Affiliations

Member, American Institute of Certified Public Accountants
Member, Oregon Society of Certified Public Accountants
Member, Seattle Foundation Professional Advisors Council

Education

BA, accounting, Linfield College

Insights from Wendy Campos

2024 Private Foundation Conference:
Day One, Morning Sessions

Explore topics to help you navigate your private foundation’s financial and operational complexity at our annual virtual conference.

Higher Education Virtual Town Hall

Navigate your foundation’s financial and operational complexities with insights and strategies from industry professionals.

Higher Education Virtual Town Hall

Our virtual town hall features industry updates, tax credit insights, and other timely topics. Learn more.

2023 Private Foundation Tax Planning Guide

Learn more about trends observed in 2023 that could help guide private foundation tax strategy in the future.

How to Address Tax Implications for Name, Image, Likeness (NIL) Deals and Collectives

As name, image, likeness (NIL) contracts and collectives enter higher education’s landscape, schools need to consider their tax implications.

Private Foundation Conference: Day Two, AM Session

Explore topics to help you navigate your private foundation’s financial and operational complexity at our annual conference.

Private Foundation Conference: Day Two, PM Session

Explore topics to help you navigate your private foundation’s financial and operational complexity at our annual conference.

Private Foundation Conference: Day One, PM Session

Explore topics to help you navigate your private foundation’s financial and operational complexity at our annual conference.

How Alternative Investments Affect Tax-Exempt Organizations

Explore key alternative investment considerations and the related tax and accounting advantages and disadvantages.

File Your IRS Form 990-PF with Confidence

Learn which areas a private foundation should focus on when preparing IRS Form 990-PF. Filing deadline is May 15.

How Credit Unions Qualify for the Employee Retention Credit (ERC Credit)

Some credit unions could qualify for the Employee Retention Credit (ERC) under the partial suspension allowance.

2022 Private Foundation Tax Planning Guide

Set your foundation up for success in 2023 by applying key tax planning strategies. Get the details in our guide.

File Your IRS Form 990-PF with Confidence

Learn which areas a private foundation should focus on when preparing IRS Form 990-PF. Filing deadline is May 15.

Compare Donor-Advised Funds to Private Foundations

Capitalize on donor-advised fund (DAF) charitable giving and the impact of tax codes. Results vary depending on techniques.

ARPA Extends Relief to Not-for-Profit, Tribal, and Government Entities

ARPA extends unemployment relief to not-for-profit, state and local government, and federally recognized Tribal entities.

Overview of Private Foundations: Definitions, Income Classifications, and More

Learn what you should know when you’re considering the creation of a private foundation.

PPP Loans for Large Not-for-Profits: Expanded Eligibility, Deadlines, and More

Apply before March 31 to benefit from the expanded Paycheck Protection Program (PPP), which makes $7.25 billion available.

File your Private Foundation’s Form 990-PF with Confidence

Learn to file a 990-PF for your foundation without error and how to recognize the most common errors filers make.

Not-for-Profit Entities Could Benefit from Latest COVID-19 Stimulus Package

The latest COVID-19-related federal stimulus package contained several provisions to benefit not-for-profits. Learn more.

COVID-19 and Higher Education: FAQs on Payroll and Benefits

Get answers to 10 FAQs that can help higher education institutions navigate payroll and benefits during COVID-19.

COVID-19 and Higher Education: FAQs on Tax Deadlines and Deferred Payments

Get answers to 10 common questions about deferred tax deadlines and how they apply to higher education institutions.

COVID-19 Relief Effort Considerations for Credit Unions

Join us to learn about opportunities, including SBA programs, loan modifications, Families First Coronavirus Response Act, and more.

Understand How Oregon’s New Corporate Activity Tax Impacts Credit Unions

Oregon’s new corporate activity tax impacts most financial institutions—including credit unions. Discover qualifications, deadlines, and more.

CARES Act Overview: Implications for Tax-Exempt Organizations

Learn how your organization could benefit from low interest loans, charitable giving incentives, and more.

Revised Guidance Issued for Small Business Loans Due to COVID-19

The Small Business Administration (SBA) issued revised guidance for those seeking economic relief from COVID-19. Learn if you qualify and how to apply.

IRS Legislation Provides UBIT Refund to Tax-Exempt Organizations

Your tax-exempt organization may qualify for an unrelated business income tax (UBIT) refund under the IRS’s Taxpayer Certainty and Disaster Tax Relief Act of 2019.

Tax on Certain Fringe Benefits Repealed and Single Excise Tax Rate Set

Learn if any of your organization’s paid unrelated business income tax could qualify for a refund and when the new tax rate goes into effect.

Efforts Continue to Repeal Unrelated Business Income Tax for Fringe Benefits

Learn about recent efforts to repeal the unrelated business income tax for fringe transportation benefits offered by not-for-profit organizations.

New Requirements for Calculating UBTI for Investment Partnerships

Learn about new guidance for exempt organizations setting out requirements for aggregating unrelated business taxable income from investment partnerships.

New Limitations on Meal and Entertainment Expenses

Learn which meal and entertainment expenses are nondeductible, 50% deductible, and fully deductible under tax reform.

Increase Awareness to Avoid Self-Dealing Penalties

Self-dealing affects all private foundations. Learn which of your private foundation’s transactions qualify as self-dealing to avoid penalties.

Manage Risk While Engaging in Lobbying and Political Activities

We outline restrictions on lobbying and political activities for not-for-profits and share how to manage risk to keep their tax-exempt status intact.

How Foundations Can Stay Compliant with Their Compensation Practices

Compensation arrangements have been a focus of IRS scrutiny. We offer some steps for foundations to maintain compliance.

IRS Sheds Light on Qualifying Distributions

The IRS offers new guidance for private foundations on classifying expenses that might fall under qualifying distributions.

IRS Releases 990 Data in Machine-Readable Format

The information on all e-filed Form 990 returns will be available in machine-readable format through Amazon Web Services.

Reminder on Reporting Requirements for 501(c)(4) Organizations

The PATH Act resulted in some reporting requirements and deadlines for 501(c)(4) organizations related to tax-exempt status. Here’s a reminder.

IRS Issues Final Regulations for Program-Related Investments

Final regulations issued by the IRS on program-related investments provide amended guidance for private foundations. These changes were highly anticipated and make the process of investing easier.

Q&A: A Legal Perspective on Self-Dealing

Private foundations need to be wary of transactions that could constitute self-dealing, since they can result in hefty excise taxes and other ramifications. Marisa Meltebeke of the law firm Davis Wright Tremaine LLP provides a legal perspective.