Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
Non Profit Sample Compensation Policy

Non Profit Sample Compensation Policy

Ratings: (0)|Views: 669|Likes:
Published by Rea Associates
A sample non profit compensation policy from Non Profit Accounting Firm - Rea & Associates
A sample non profit compensation policy from Non Profit Accounting Firm - Rea & Associates

More info:

Published by: Rea Associates on Jun 28, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

06/28/2011

pdf

text

original

 
This policy on the process o determining compensation o ABC Organization applies to the compensation o the ollowing personsemployed by the organization (check i applicable):_____ The organization’s chie employed executive
1
_____ Other ocers
2
or key employees
3
o the organization by title: ____________________The process includes all o these elements: (1) review and approval by the board o directors or compensation committee o the organi-zation; (2) use o data as to comparable compensation; and (3) contemporaneous documentation and recordkeeping.1. Review and approval. The compensation o the person is reviewed and approved by the board o directors or compensation commit- tee o the organization, provided that persons with conficts o interest with respect to the compensation arrangement at issue are notinvolved in this review and approval.2. Use o data as to comparable compensation. The compensation o the person is reviewed and approved using data as to comparablecompensation or similarly qualied persons in unctionally comparable positions at similarly situated organizations.
1 Chie employed executive The CEO (i.e., chie executive ocer), executive director or top management ocial (i.e., a person who has ultimate responsibilityor implementing the decisions o the organization’s governing body or or supervision the management, administration or operations o the organization)2 Ocer A person elected or appointed to manage the organization’s daily operations, such as a president, vice-president, secretary or treasurer. The ocerso the organization are determined by reerence to its organizing document, bylaws or resolutions o its governing body, or as otherwise designated consistent with statelaw, but at a minimum include those ocers required by applicable state law. Include as ocers the organization’s top management ocial and top nancial ocial (theperson who has ultimate responsibility or managing the organization’s nances).3 Key Employee An employee o the Organization who meets all three o the ollowing tests: (a) $150,000 test: receives reportable compensation rom ehOrganization and all related organizations in excess o $150,000 or the year, (b) Responsibility Test: the employee; (i) has responsibility, powers, or infuence over the Or-ganization as a whole that is similar to those o ocers, directors, or trustees; (ii) manages a discreet segment or activity o the Organization that represents 10% or moreo the activities, or shares authority to control or determine 10% or more o the Organization’s capital expenditures, operating budget or compensation or employees;and (c) Top 20 Test: is one o the 20 employees (that satisy the $150,000 Test and Responsibility Test) with the highest reportable compensation rom the Organization andrelated organization or the year.
Sample Policy on the Process for Determining Compensation for Not-for-Profit Organizations

Activity (2)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->