IRS Schedule J has caused benefit shifts
- July 22, 2016 |
- CEO Update
Eight years after the IRS added certain executive compensation disclosure requirements to its Form 990 to highlight lush nonprofit benefits (with university presidents one target), it's notable how infrequently such perks are reported in the association community. CEO Update analyzed the disclosures on Schedule J, section 1a, of the latest available tax returns for 877 trade associations and professional societies with revenue of more than $5 million. The IRS requires that organizations report whether officers, directors, trustees, key employees and highest-compensated staff received any perks in eight categories—everything from what is arguably essential for business,… Read More