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Nonprofit executive compensation: planning, performance, and pay

Author: Vogel, Brian ; Quatt, Charles W.Publisher: BoardSource, 2010.Edition: 2nd ed.Language: EnglishDescription: 162 p. ; 26 cm.ISBN: 1586861174Type of document: BookNote: Revised edition of "Dollars and sense" - BoardSource, 2005Bibliography/Index: Includes bibliographical references and glossary
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Item type Current location Collection Call number Status Date due Barcode Item holds
Book Europe Campus
Main Collection
Print HD6958 .I6 V64 2010
(Browse shelf)
001254846
Available 001254846
Total holds: 0

Revised edition of "Dollars and sense" - BoardSource, 2005

Includes bibliographical references and glossary

Digitized

Nonprofit Executive Compensation Planning, Performance, and Pay Contents ACKNOWLEDGMENTS ........................................................................................................... 1 INTRODUCTION ...................................................................................................................... 3 Increased Public and IRS Scrutiny .......................................................... 3 Trends in Chief Executive Compensation ................................................. 5 Public Expectations .................................................................................. 7 Balancing Public Expectations with the Need to Compete for Strong Leadership ............................................................ 7 What You Will Find in This Book ............................................................. 8 Using This Book ...................................................................................... 9 CHAPTER 1 Understanding the Board's Role in Selling Chief Executive Compensation .......................................................................... 11 Establish a Procedure ........................................................................... 12 CHAPTER 2 Aligning Compensation with Organizational Mission, Goals, and Culture................................................................................................ 21 Measuring Performance: The Balanced Scorecard Approach................... 21 Understanding Organizational Culture .................................................. 23 CHAPTER 3 Establishing the Title, Job Description, and Profile ..................... 29 Major Elements of a Chief Executive Job Description ............................. 30 CHAPTER 4 Developing a Compensation Philosophy ....................................... 35 Sample Compensation Philosophy.......................................................... 39 CHAPTER 5 Understanding the Marketplace....................................................... 43 The Nonprofit Marketplace .................................................................... The Organization's Specific Marketplace ................................................ Sources of Market Information .............................................................. Using Survey Data ................................................................................ How Salary Surveys Present and Organize Data ..................................... Adjusting the Data for Inflation/Market Movement: "Aging" the Data ..... Special Surveys ..................................................................................... 44 45 47 52 54 56 58 CHAPTER 6 Meeting the Legal Standards ....................................................................... 63 The "Private Inurement" Doctrine Applies to All Nonprofits ...................... 63 Intermediate Sanctions ........................................................................... 64 Revenue Sharing, Incentives, and Bonuses ............................................ 67 Initial Contract Exception ...................................................................... 68 The Rebuttable Presumption of Reasonableness .................................... 68 A Second Protection from Personal Liability ........................................... 70 IRS Form 990 Reporting: A Possible Trap for the Unwary? ..................... 71 Complying with State Law ..................................................................... 72 The Importance of Legal Counsel ........................................................... 72 CHAPTER 7 Passing the Test of Public and Stakeholder Scrutiny ...................... 75 Internal Stakeholders: The Staff ............................................................ 76 How Will the Public React? .................................................................... 79 CHAPTER 8 Understanding the Elements of Compensation .................................. 83 Base Salary and Annual Salary Adjustments ......................................... Bonuses, Incentives, and Other Annual Cash Compensation Awards ..... Sign-On and Retention Bonuses............................................................. Deferred Compensation ......................................................................... Tax-Deferred Compensation .................................................................. Split Dollar Life Insurance Plans ............................................................ Deferred Compensation in Summary...................................................... Other Benefits and Perquisites .............................................................. The Final Compensation Package .......................................................... 84 89 96 96 97 99 100 100 103 CHAPTER 9 Term Negotiations and the Final Contract.............................................. 107 Negotiating Employment Terms ............................................................. 107 Writing the Employment Contract.......................................................... 113 Severance .............................................................................................. 115 CONCLUSION ....................................................................................................................... 119 APPENDIX I The New IRS Form 990 ................................................................................... 123 APPENDIX II FAQs ...................................................................................................................... 127 APPENDIX III Sample Compensation Committee Charter.......................................... 137 APPENDIX IV Sample Chief Executive Job Description ............................................ 141 APPENDIX V Sample Chief Executive Contract ............................................................ 145 GLOSSARY.......................................................................................................................... 149 SUGGESTED RESOURCES................................................................................................. 155 ABOUT THE AUTHORS ....................................................................................................... 161

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