The survey will be even more useful to larger nonprofits because of extensive changes that the Internal Revenue Service has made to the annual form 990 information tax return.
Since 2001 the IRS has encouraged charities to go through a set of steps to ensure that executive compensation is set appropriately. On the revised form 990, the IRS has standardized reporting to make comparing salaries easier and requires charities to provide information about the process they use to set the salaries of employees who receive $150,000 or more in total compensation.
The survey will help you navigate through this new process and will be a primary tool to help you document the rationale you use to set the salaries you pay your executives.
Conducting your agency’s own compensation and benefits survey to satisfy IRS requirements would cost you a small fortune, maybe as much as $5,000 - $10,000 to have a consultant to get you some usable comparables. A much better alternative would be for you to acquire the 2013 compensation and benefits survey report for a fraction of this amount. It’s a no brainer!
To purchase the 2013 survey report, click here:
|Purchase the 2013 Nonprofit Survey|
Understanding your organization’s compensation practices is critical to the strategic planning process and effective operations. Because accurate, up-to-date information is crucial to sound decision-making, Hood & Strong LLP helps clients develop comprehensive fiscal policies and provides strategic advice and counsel on how to best apply them within your organization. The Hood & Strong team brings ideas, best practices and insight to ensure your financial success. With deep expertise serving foundation, social service, membership-based, educational, cultural and other tax-exempt organizations, Hood & Strong provides the resources and tools that enable you to focus on mission-critical activities and advance your cause.
The Hood & Strong Not-for-Profit Group’s partners and managers provide personalized, expert guidance on how to streamline your business operations, plan strategically, implement technology into daily processes, and create systems to benchmark against similar organizations. The firm brings nearly a century of experience serving the comprehensive financial needs of not-for-profits throughout the Bay Area and across the country, and is part of the nationwide and respected McGladrey Alliance of financial firms.
Hood & Strong LLP has offices in San Francisco and San Jose, California. For more information please call (415) 781-0793 or visit www.hoodstrong.com