Board Member Compensation
Major scandals have rocked the not-for-profit financial world in recent years, affecting organizations such as Hale House, Help Hospitalized Veterans, and Central Asia Institute. Because of this, donors, the media, regulators, and the general public became increasingly skeptical of the integrity of not-for-profits, and one of the major areas under scrutiny is compensation.
The content in this publication will help you understand the IRS rules for board member compensation as well as the reporting requirements regarding compensation paid to board members who are volunteers, employees, or independent contractors.