Compensating Nonprofit Executives: State Law, IRS Rules, and Best Practices
- 9:30 AM - 12:30 PM
- By: Lawyers Alliance for New York
Map:New York, NY
- Nonprofit/Community Development
Paying excessive management salaries or paying more than fair market value for goods or services provided by insiders is wasteful and can result in enforcement actions against the organization and the responsible individuals. This workshop will provide legal and practical information for nonprofit organizations that seek to set reasonable compensation for executive directors and other senior managers, enter into legitimate transactions with Board members and other insiders, and comply with the conflict of interest and related reporting requirements on federal Form 990.
Learning Objective: Participants will be able to establish procedures for setting reasonable compensation for executive staff and manage conflict of interest transactions consistent with state and federal law.
For senior managers, human resources professionals, and Board members.
Presenter: Sean Delany, Executive Director