IRS Issues FY 2011 Implementing Guidelines
The Exempt Organizations (EO) section of the IRS has issued its FY 2011 Implementing Guidelines, which include an annual report 2010 and a “Workplan” for 2011. On the compensation front, the annual report summarizes issues identified in the EO’s Loans Project under its Executive Compliance Initiative begun in 2004 and notes among other things that of 169 organizations singled out for “single issue” examinations, 23% of the examinations resulted in changed returns or obtaining delinquent returns, and 11% resulted in proposed revocation or termination of non-profit status.
The Workplan for FY 2011 includes a “Charitable Spending Initiative” which will among other things examine organizations previously identified as having high ratios of officer compensation in comparison to program service expenditures. Continuing a program on colleges and universities begun in 2008, over 30 entities are undergoing examinations that focus on “unrelated business income and compensation practices.”
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