Almost sold out! Register at http://humanresourcesnj52925.eventbrite.com. The event topic will pertain to Compensation, Benefits and Work/Life Balance. The Speakers come from various functional areas in HR. They will discuss how Compensation, Benefits and Work/Life Balance affect their functional part of HR. It will allow for a colorful conversation. Held at The Olde Mill Inn 225 Route 202 Basking Ridge, NJ 07920
The format will be: 6-7 Networking, 7-8 Q&A with the panel of Speakers and 8-9 NetworkingThe event topic will pertain to Compensation, Benefits and Work/Life Balance. The speakers come from various functional areas in HR. They will discuss how Compensation, Benefits and Work/Life Balance affect their functional part of HR. It will allow for a colorful conversation.
The Advisory Committee on Tax Exempt and Government Entities reports that it has developed “an on-line tutorial . . . to help managers and board member of charities better understand the tax rules that govern executive compensation . . . .” The tutorial covers, among other things, intermediate sanctions, taxation of fringe benefits, and disclosures required by the Form 990. The Committee’s goal is to have the program reviewed by the IRS and made available at the IRS web site. The Committee’s report is here.
In a city where higher education is a major part of the economy, it’s not surprising that today’s Boston Globe features an article about the value of university presidents’ housing as reported on the most recent Forms 990 for a group of Boston-area institutions. The article notes that the new form (specifically, Schedule J, although the article is not that specific) requires separate reporting of the value of employer-provided housing. The article goes on to quote various realtors who question the market value of the housing reported by some of the universities, and at the end, delves into some of the other perqs and benefits listed in Schedule J, such as maid service, first class travel and club dues.
This is an interesting technique for capping executive pay at nonprofits: New Jersey regulations recently put in place a cap on the amount the state will pay for the salaries of the top executives at social-service non-profits. The cap is somewhat limited in its effect because funds from non-state sources can be used towards executive pay without being limited by the regulations.