October 2, 2008
Executive Compensation Is the Focus of a New Charity Tax Form
With the debut this year of a new tax form to be filed with the Internal Revenue Service, charities will face many changes in how they disclose information to the public. Perhaps most significant is the new focus on executive compensation.
"Everything has been flipped," says Ken Berger, president of Charity Navigator, a watchdog group in Mahwah, N.J. "In the past, a small part of the focus was on compensation, and the majority of the focus was on the charity's financial measures. Now,
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