Boards of tax-exempt organizations have a duty to the organization and the public to safeguard charitable assets and ensure funds are used for appropriate purposes. The Internal Revenue Service requires that “reasonable compensation” be paid to executives. The failure to appropriately set and determine executive compensation can cause intermediate sanctions and additional taxes being assessed on the organization’s directors, managers and those who received the compensation. Public outcry also can harm the organization’s ability to meet the needs of the community. Learn best practices in developing and setting executive compensation so Internal Revenue Service requirements are satisfied to better protect the organization and ensure charitable purposes continue to be fulfilled

Learning objectives:

• Identify how to ensure executive compensation policies and procedures are consistent with best practices.
• Understand the board’s role and responsibility in setting executive compensation.

Speakers:

Andrew Kloeckner
Partner
Baird Holm

Andrew Kloeckner represents health care clients with variety of issues, including regulatory, compliance, reimbursement, transactional, contracting and tax-exemption matters. He received his Juris Doctor degree from Creighton University, magna cum laude, where he graduated with a concentration in business, taxation and commercial transactions.

Tessa Lancaster
Associate
Baird Holm

Tessa Lancaster concentrates on health care law, representing hospitals, physician practices and other health care providers in regulatory, transactional and reimbursement matters. Lancaster graduated from the University of Illinois, cum laude.