Course Number: | 18 |
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Category: | Executive Compensation |
Field of Study: | Business Law |
Audience: | HR Managers, Compensation Managers, Compensation Analysts, HR Generalists |
Level of Difficulty: | Advanced |
Delivery Method: | QAS Self Study |
Prerequisites: | Moderate algebraic training |
Advanced Preparation: | None |
SHRM BASK: | As defined by the SHRM Body of Applied Skills and Knowledge (BASK), this self-study course relates to competencies in Business Analysis with functional areas in Total Rewards and U.S. Employment Law and Regulations. |
Overview | Nonprofit executive compensation is regulated by intermediate sanctions, rules that penalize disqualified persons who receive excess benefit transactions from 501(c)(3) and 501(c)(4) tax exempt organizations. Organization managers involved in such transactions are also subject to penalties. This course will examine how to identify a compensation excess benefit transaction, the organizations and individuals covered, and the penalties involved. An excess benefit transaction, though not spelled out in the intermediate sanctions regulations, may be regarded as unreasonable compensation, which is dealt with in Internal Revenue Code Section 162(a) and covered in this course. (Other transactions to which intermediate sanctions may apply, including property transfers and below-market loans, are not covered in this course.) |
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*The Course Credit List displays credits and credit types offered by location. |
ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®