Click here to view the related Venable white paper, "Paying for the Best: Executive Compensation for Section 501(c)(3) Public Charities."
Click here for an audio recording of our June 2012 GuideStar webinar, entitled, "The Next Generation of Nonprofit Executive Compensation: The Keys to Withstanding IRS Scrutiny."
The consequences of providing excessive executive compensation can be devastating, and they can include revocation of tax-exempt status as well as tax penalties levied against individual officers and board members. Not only can the penalties on excessive compensation be overwhelming but in recent years, they have been the focus of IRS enforcement efforts. With this in mind, it is extremely important for tax-exempt organizations to take the necessary precautions to protect themselves against the IRS. In this webinar, the presenters—seasoned nonprofit tax lawyers—will draw upon their experience assisting nonprofits in IRS examinations and litigation against the IRS to explain ways that nonprofits can effectively navigate through this complex and tricky area of law. The primary focus of this presentation will be on the rebuttable presumption of reasonableness and issues related to incentive compensation.
Join us to learn more about the following:
- The rebuttable presumption of reasonableness, including a discussion of when you should obtain a comparability study and what you should look for in a comparability analysis
- Incentive compensation—examples, how to structure, and what types of provisions will generally increase the risk of IRS scrutiny
This webinar will give you practical tips, strategies, and other suggestions to help keep your nonprofit—and its executives—out of hot water with the IRS and others. Led by two of the nation's leading nonprofit attorneys from one of America's top 100 law firms, this is an invaluable session your organization and its advisers cannot afford to miss.
Lauren Walinsky, Membership Director, GuideStar
Matthew T. Journy, Esq., Attorney, Nonprofit Organizations Practice, Venable LLP