MUSEUM-L Archives

Museum discussion list

MUSEUM-L@HOME.EASE.LSOFT.COM
Options: Use Forum View

Use Monospaced Font
Show Text Part by Default
Show All Mail Headers

Message: [<< First] [< Prev] [Next >] [Last >>]
Topic: [<< First] [< Prev] [Next >] [Last >>]
Author: [<< First] [< Prev] [Next >] [Last >>]

Print Reply
Subject:
Re: NonProfit Guidelines
From:
Andy Finch <[log in to unmask]>
Reply To:
Museum discussion list <[log in to unmask]>
Date:
Fri, 8 Mar 1996 10:22:10 -0500
Content-Type:
text/plain
Parts/Attachments:
text/plain (22 lines) 
On Mon, 4 Mar 1996, Sam Stokes wrote:
>
> Are there guidelines, recommendations, or sources of information concerning th
e
> percentage of gross profit that a nonprofit corporation should be reasonably
> spending on salaries, benefits, etc.?

The short answer is "not really," at least officially.

With respect to the specific question of how much an executive can be paid, the
legal answer is "whatever the market will bear."

The IRS considers that the market requirement is satisfied if there is an
independent board.

Contact me if you want more information on this issue.

Andy Finch
AAM Government Affairs
[log in to unmask]
202-289-9125

ATOM RSS1 RSS2