IRS Critiques Hospital CEO Compensation – Colleges and Universities Next?
In our post on June 30, 2009, we discussed how the IRS seemed to be taking the position that the executive compensation levels found in its recent study of nonprofit hospitals were set in accordance with law and regulation but were still too high, a view that seemed to reflect the Service’s take on public opinion about executive compensation generally. Will colleges and universities be next? Keep in mind that in February, the IRS completed collecting questionnaires from schools for its Colleges and Universities Compliance Project, and that these questionnaires asked for extensive details of executive compensation. We’ll be waiting to see the report on this project, but also watching for speeches and articles by IRS officials on the subject which, if the nonprofit hospital project is any indication, may be issued before the formal report.
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