Executive Compensation and Related Party Transactions

Paying excessive compensation for management salaries or goods or services provided by insiders is not only wasteful – it may result in IRS or NYS penalties against a nonprofit and the responsible individuals. This workshop will address the practical implications of what has been described as the most significant change in the law of tax-exempt organizations in thirty years, the regulation of executive compensation and transactions between nonprofit organizations and their board members that is known as "intermediate sanctions." Topics include entering into transactions with Board members and other insiders without fear of being second-guessed, and setting compensation for executive directors and other senior managers in a way that won’t be challenged. For board members, executive directors, and human resources professionals of nonprofit organizations that are exempt under sections 501(c)(3) or 501(c)(4) of the Internal Revenue Code.

For more information, click here - http://www.lawyersalliance.org/workshops_descriptions.php#192

PRICING

Unless otherwise indicated, the registration fee for each workshop is $50/person;
$45/person if we receive payment at least three days in advance; and free for
representatives of current New York Foundation grantees.