Louis E. Michelson, A Professional Corporation

Providing Legal and Tax Advisory Services to Nonprofit Organizations

Entries Tagged as 'Director compensation'

State Approval of Nonprofit Board Member Compensation

July 7th, 2011 · Comments Off on State Approval of Nonprofit Board Member Compensation · Uncategorized

The Massachusetts Senate on June 20, 2011 has passed a bill (H3516) that requires public charities to obtain state approval before compensating nonprofit board members.  Lawmakers must reconcile the Senate bill with a House version. The events leading to this legislation started with newspaper articles that questioned the compensation paid to nonprofit health care executives.  […]

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