Nonprofits Need An Independent Expert To Evaluate Executive Pay
With added IRS scrutiny and the ever-increasing need for added funding/donors, Trustees and Directors of nonprofits need independent expert guidance and input to set competitive executive compensation and to document/demonstrate its objectivity and reasonableness. Concurrently, funding and donation sources/donors are also increasing their scrutiny to assure their interests are protected.
ECSI's Services To Closely Held And Nonprofit Entities
- Assuring that compensation program goals are linked with organization strategy and balanced with risk-appropriate stakeholder returns.
- Determining appropriate levels of compensation.
- Assessing and improving processes for determining executive compensation.
- Assuring compliance with Intermediate Sanctions regulations for nonprofit entities.
- Proactive programs for compliance with IRS Compensation Reasonableness guidelines for privately-held entities.
- Developing incentive compensation programs where appropriate.
- Helping the Board communicate with management on compensation matters.
- Designing and implementing performance management programs.
- Advising on general employee compensation.
- Assisting in negotiating compensation terms for new hires.
- Expert witness testimony on executive compensation issues/ challenges (e.g., by IRS or stakeholders).