IRS Form 990 and Executive Compensation
Under Chapter 19 of the Health Center Compliance Manual, the health center board is responsible for hiring, firing, and evaluating the executive director/CEO of the health center. Included in these responsibilities is setting the compensation for the executive director/CEO of the health center. In this role, the health center board must set the compensation to be fair and reasonable but not excessive. The process by which the health center board determines the compensation of the executive director/CEO must be reported to the Internal Revenue Service (IRS) each year in the health center’s Form 990 filing, the purpose of which, according to the IRS, is to gather information about tax-exempt organizations, educate organizations about tax law requirements and promote compliance.
This webinar will discuss the legal considerations when setting executive compensation in a health center and the factors health center boards should consider when reviewing and approving the executive director’s/ CEO’s compensation package. The presenter will provide practical guidance for creating an executive compensation philosophy that aligns with IRS rules.
- Fiscal Staff
- Human Resources Staff
- Compliance Officers and Staff
- Program and Grants Management Staff
- Board Members
After this webinar, you will be able to:
- Understand the basic legal tenets of nonprofit executive compensation
- Review the executive compensation components of the Form 990
- Discuss the Board’s role in reviewing and approving executive compensation
Molly Evans is a Partner in the firm’s health law practice group. She advises health centers on the management of clinical, employment and workforce related risks, with a particular focus on professional liability, Federal Tort Claims Act, and HIPAA matters. From her experience as both a private attorney and in-house counsel, Molly knows the importance of managing liability and risk issues in mission-driven organizations. [Full Bio]
Participants can earn up to 1.20 CPE credits in Specialized Knowledge and Applications upon completion of all course requirements.
ATTENDEE REQUIREMENTS FOR CPE CREDIT
If you purchase CPE credit for this webinar you must satisfy the following conditions in order to receive your certificate:
- Answer at least 3 of the 5 polling questions during the webinar
- Complete the evaluation survey after the conclusion of the webinar or in the follow-up email
Upon completion of these requirements, FTLF will email you your CPE Certificate within two (2) weeks.
- Prerequisites: None
- Target Audience: CEOs/Directors, Fiscal Staff, Human Resources Staff, Compliance Officers and Staff, and Program and Grants Management Staff
- Board Members
- Advanced Preparation: None
- Program Level: All
- Delivery Method: Group Internet Based
- Attendance Requirements: In order to be awarded the full credits, you must respond to three (3) out of five (5) polling questions.
Feldesman Tucker Leifer Fidell LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org (formerly www.learningmarket.org).
- 1.00 Certificate of Attendance
- 1.20 CPEFTLF is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.
Access to the recorded version of this webinar is included in your purchase.
Accessing the Recording
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