Nonprofit organizations in the United States constantly struggle with operational and financial challenges. Speculation about the common challenges faced by our nation’s nonprofits is abound, but what do the concrete statistics say? The BDO Institute for Nonprofit Excellence recently released a report from its survey of 105 nonprofits that reveals the current challenges nonprofits are …
Should there be a cap on nonprofit executive’s compensation? We told you before that the Governor of New York thinks so. But the Nassau County state Supreme Court disagrees. Governor Andrew Cuomo’s regulation, which he issued more than two years ago by executive order, limits executive salaries at state-supported nonprofits to $199,000 unless the charity …
Budgets are getting tightened or slashed from coast-to-coast. And lawmakers are looking at cutting the salaries and retirement compensation paid to the leaders of big nonprofits. According to the July 26, 2010, New York Times article, “Lawmakers Seeking Cuts Look at Nonprofit Salaries” by Stephanie Strom (http://nyti.ms/9leP6m), Senators on Capitol Hill are refusing federal grant …
Small nonprofits may receive credits to payroll taxes for hiring new employees. If the nonprofit has: Fewer than 25 full time equivalent staff or employees; Annual wages average less than $50,000; and The employer picks up at least 50% of the premium for individual health insurance coverage, it may qualify. Learn more.
