Compensation Rules for Exempt and Nonprofit Organizations: Designing and Maintaining Executive Comp Plans
Recording of a 110-minute CPE webinar with Q&A
This course will provide nonprofit entity advisers with a deep and comprehensive examination of the complex rules governing compensation issues for exempt organizations. The panel will discuss the design, documentation, maintenance and corporate governance requirements of a compensation scheme that complies with the prohibitions against private inurement found in IRC Section 4958 and the restrictions on the deferral of compensation in IRC Section 457(f).
- Private inurement risks and penalties
- IRC Section 4958 reasonable compensation standards
- Best practices for designing, maintaining, and documenting exec compensation schemes
- IRC Section 457(f) rules restricting deferrals of compensation
The panel will discuss these and other issues:
- What are the Section 4958 reasonable compensation standards?
- What are the risks to the exempt organization, and the individual directors and executives, of violating the private inurement rules?
- What are the documentation requirements of compensation arrangements?
- What are the rules of Section 457(f) restricting deferrals of compensation to unvested amounts, current business practices with respect to Section 457(f), and the risks of noncompliance?
Luke D. Bailey
Clark Hill Strasburger
Mr. Bailey specializes in employee benefits law and executive compensation. He has extensive experience in the tax... | Read More
Mr. Bailey specializes in employee benefits law and executive compensation. He has extensive experience in the tax and fiduciary requirements of qualified retirement and other employee benefit and executive compensation plans of both private and public corporations and state and local governments. A significant portion of his practice consists of federal income tax compliance work for sponsors of governmental pension plans under IRC §414(d). His work in the executive compensation area includes the design, drafting, and provision of tax and legal advice concerning stock option plans, nonqualified deferred compensation, severance pay plans and arrangements, and executive employment agreements.Close
Katherine E. David
Strasburger & Price
Ms. David counsels clients on tax matters, including federal income taxation and state margin and sales... | Read More
Ms. David counsels clients on tax matters, including federal income taxation and state margin and sales taxation. A significant part of her practice includes advising tax-exempt organizations. She also has extensive experience advising clients with respect to like-kind exchanges. She is Board Certified in Tax Law by the Texas Board of Legal Specialization.Close
President / CEO
Mr. Cartwright has more than 30 years of diversified experience in compensation and human resource management which... | Read More
Mr. Cartwright has more than 30 years of diversified experience in compensation and human resource management which includes the development of total compensation strategies, wage and salary plans, executive compensation strategies and studies, customized surveys, performance-based sales, balanced score-cards, incentive and team-based compensation plans, and performance management systems. In addition, he has provided human resource management, strategic planning and employment relation’s advisory services for an array of companies in Texas. Previously, he served in management at Tracor, Inc. in Austin, Texas for 14 years, where he had corporate-wide responsibility for the company’s global compensation programs, and performance management systems.Close