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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 407131
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Executive Compensation Issues for Nonprofit Organizations

Live Webinar
March 16, 2020
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
Live Webinar$199Register Now
Can't Attend?   Audio & Reference Manual$199Add to Cart

Protect your nonprofit by gaining a better understanding of the potential threats in executive compensation packages in light of recent legislation.

With the recent passage of H.R. 1 Tax Cuts and Jobs Act, it is essential that not-for-profits review their internal procedures and documentation in order to comply and avoid substantial penalties enacted by this legislation. The IRS and state attorney generals have increasingly questioned the compensation packages of many tax-exempt entities in light of their special tax status. Are these organizations using public assets in the best possible way to fulfill the charitable missions? This topic helps you understand the basic concepts and to establish policies and procedures to identify the applicable individuals subject to these rules and regulations. The topic also explains the method required for analyzing key components inherit in a compensation study to create a rebuttable presumption of reasonableness. Failing to have a proper compensation study under the safe harbor rules under Section 4958 of the Internal Revenue Code will subject to organization and applicable individuals substantial penalties. It has often led to loss of goodwill among donors and constituents as well as increased scrutiny from IRS and state officials.

Learning Objectives

• You will be able to define intermediate sanctions and its applicability to your organization.

• You will be able to describe to key oversight committees what procedures need to be in place.

• You will be able to discuss the concepts and law required to protect your organization.

• You will be able to explain how to coordinate and conduct a compensation study within IRS guidelines.


Live Webinar$199Register Now
Can't Attend?   Audio & Reference Manual$199Add to Cart