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Intermediate Sanctions Webinar Training Seminar
Webinar Overview:
Tax-exempt organizations need to be concerned about their liabilities under the new IRS intermediate sanctions regulations. Executives and managers (including Human Resources managers) are subject to large penalties if a nonprofit???s executive compensation is found to be excessive. Executive pay must be in line with that of similar organizations. If properly set, a ???safe harbor??? approach can help establish a presumption of reasonableness.
Find out about these new intermediate sanctions regulations, how they apply to you, and what you can do to protect yourself and your nonprofit organization. In this 1.5 hour session you'll also learn about techniques to improve your executive compensation programs.
Learning Objectives:
- The essentials of intermediate sanctions regulations
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- What excess benefit transactions are
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- Penalties for noncompliance
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- Who is affected by IRS penalties
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- Criteria for Section 162 determination of reasonableness
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- Reasonable compensation factors for nonprofit organizations' executive pay
- The ???Safe Harbor??? approach to intermediate sanctions
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- Designing incentives for nonprofit executive compensation
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- Accessing and using reliable competitive compensation information
Presenter:
Martin Kenny, CCP, Compensation Consultant
Martin Kenny has over 25 years of experience in compensation consulting, including the design and implementation of a wide range of compensation programs. Currently the Managing Director of Baker, Thomsen Associates in Newport Beach, California, he has advised over 100 public- and private-sector organizations on job analysis, compensation plan design, performance appraisal systems, supervisory and management development, organizational analysis, and the development of personnel systems. An experienced educator, Mr. Kenny has developed and presented seminars on topics including incentive compensation, job analysis, executive compensation, performance management, and goal setting. Prior to entering consulting, Mr. Kenny was Manager of Compensation for the State of Oregon and directed compensation for Union Pacific Corporation and Seattle-First National Bank. He has also served as an expert witness in compensation matters before U.S. Federal and California State Courts. Mr. Kenny holds a Masters Degree in Personnel and Industrial Relations from the University of Oregon, and the Certified Compensation Professional designation from WorldatWork.
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Attendees Receive
- Executive Compensation Software: You’ll receive a free demo edition of ERI???s Compensation Comparables Assessor software for tax-exempt entities. This is one of the tools IRS offices use to determine reasonable compensation levels for executive employees in nonprofit organizations. This executive compensation software provides reasonable compensation estimates based on position title, industry, organization size in revenue, and salary planning date. Reliability statistics, including rate of error and population size, are provided so that this executive compensation data will hold up to court challenge. In addition, this intermediate sanctions software lets you review raw executive pay data from comparable organizations, including Form 990s from tax-exempt organizations and proxy reports from for-profit companies.
- Intermediate Sanctions PowerPoint Presentation: Interested attendees can take away a PDF version of this webinar's slideshow to use for staff and board member training.
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