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Sun, 25 Feb 1996 11:33:36 -0500 |
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My understanding is that the tax law does not permit bonuses to be paid
to staff in nonprofit institutions, in fact, that is one of the
distinguishing characterisitcs of nonprofits. A bonus is technically a
share of the profits and in nonprofits, 'profits' revert to the
institution. Judy Endelman, Henry Ford Museum &Greenfield Village
On Thu, 22 Feb 1996, JKGee wrote:
> Our institution, a major art museum in the midwest, is currently
> undergoing reorganization. As part of the change process teams have
> been formed to look at staff issues. My team is looking at
> compensation, more specifically, bonuses and incentives . I have been
> monitoring this group for the last few monthes and found the information
> shared to be very valuable. Does anyone have experience with
> bonuses(cash and non-cash rewards)? What kinds of bonuses do you receive
> (if any)and/or what kinds of bonuses would you like to receive? Any
> ideas would be appreciated. Thank you in advance for your help!
>
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