6. July 2015 13:02
In February 2015, my blog reported on three developments in the move toward electronic filing of Form 990, the annual IRS reporting form required from nonprofit organizations. Now, a fourth can be added. Is this enough to actually get an e-filing requirement enacted? [More]
1. July 2015 15:12
Nonprofits across the United States recognize that providing robust benefits, especially medical benefits, plays a crucial role in attracting and retaining key talent. Funding such packages, however, remains a challenge for organizations with limited access to capital. Similar to employers in the private industry, nonprofit organizations appear to be continuing cost saving strategies by shifting more expenses on to the employees. [More]
18. June 2015 10:46
Charity Navigator (CN) recently completed its 11th annual national study which focuses on differences among the financial, accountability and transparency practices of charities located in various metropolitan markets in the US. Read about the full study at http://www.charitynavigator.org/index.cfm/bay/studies.metro.main.htm#.VYLOnflViko.
The findings: For different metropolitan areas in the US, the rankings of charity executive salary levels are not particularly related to financial, accountability and transparency practices. [More]
2. June 2015 13:36
Nonprofits classified as Human Services organizations are typically what the public thinks of when nonprofits are defined. According to the National Taxonomy of Exempt Entities (NTEE), the classification system used in the nonprofit sector, the group includes organizations providing a wide range of services, including Crime and Legal Related; Employment and Job Related; Agriculture, Food, Nutrition; Housing, Shelter; Public Safety, Disaster Preparedness and Relief; Recreation, Sports, Leisure, Athletics; Youth Development; and finally Human Services.
28. May 2015 13:27
Last month, the SEC issued a proposal for new rules related to executive compensation and pay for performance. The proposed guidelines serve as amendments to section 953(a) of Dodd-Frank and will require companies to disclose the compensation paid to executives alongside the company’s total shareholder return. The information will be provided in the form of an additional table in a given company’s annual proxy statement. The pay component will include total compensation for the CEO, as well as an average of the remaining top executives for whom compensation disclosure requirements already exist. Total compensation is already part of the summary compensation table found in a typical annual proxy, but the new guidelines will require that “total” be displayed a bit differently. In particular, equity compensation will be measured as the value of those stock or option awards that have vested in a given period rather than the grant-date values found in the summary compensation table. Also, any increases to pension or retirement plan values will be excluded from total compensation if they do not apply to services in the given period. [More]