NY Governor Announces Nonprofit Compensation Task Force

New York State Governor Andrew M. Cuomo has recently announced that a task force will be created to “investigate executive compensation at nonprofit organizations that receive taxpayer subsidies from the state.”

Prudent and sound compensation policies are important for all nonprofit organizations. When dealing with IRS compliance requirements such as Intermediate Sanctions, private inurement, and self-dealing, it is vital to create an effective and compliant compensation plan for your nonprofit executives, in addition to retaining and motivating the leaders and decision-makers in your nonprofit organization. 

2011 Compensation Survey of Not-For-Profit Organizations