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SANDY FROST

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Online Investigative Journalist, Author, Publisher
Articles Posted: 88  Links Seeded: 255
Member Since: 6/2006  Last Seen: 5/16/2012

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IRS Probes Nonprofit Pay Practices

Seeded on Tue Apr 7, 2009 1:16 AM EDT
Read ArticleArticle Source: Wall Street Journal
us-news, irs, charity-reform, new-990, nonprofit-hospitals
Seeded by Sandy Frost
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Lois Lerner, the IRS's director of tax-exempt organizations, told a gathering of lawyers representing charities Monday that scrutiny of nonprofits' pay practices is likely to increase.
Ms. Lerner said a recent IRS report on nonprofit hospital pay "raised some eyebrows." The report, which surveyed 489 institutions, found pay for the top official at nonprofit hospitals averaged $490,000 a year. Among a select 20 hospitals that paid relatively higher amounts, the compensation figure averaged $1.4 million. The IRS declined to name the hospitals.

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Sandy Frost

For example, according to the Shriners 2006 990, the Shreveport SHC chief of staff makes $1.175 million with another $32K in contributions. The Los Angeles SHC chief of staff makes just over $1 million a year with another $37K in contributions.

    Reply#1 - Tue Apr 7, 2009 1:37 AM EDT
    The Observer

    In reality, non profit is another word for tax exempt.

      Reply#2 - Tue Apr 7, 2009 8:24 AM EDT
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