Yaffe & Company, Inc. is your resource center for executive compensation and regulatory compliance along with effective governance for trustees and boards of not for profit organizations, especially healthcare and higher education institutions. Our goal is to provide information of value concerning these topics.
We will update this site with:
- recent regulatory updates that may impact compliance requirements
- governance articles of interest that may impact your processes and procedures
- current issues and topics that may impact the management and development of your executives and board
Yaffe & Company, Inc. is always available to discuss any of the topics mentioned on this site. We provide expert personal service that uses a strategic and customized approach to meet the challenging and ever-changing needs of our clients. We have been a resource to governing bodies of not for profit organizations since 1976.
(Please note: If an external website is referenced, it is not monitored by Yaffe & Company.)
Final 501(c)(3) Regulations Issued
Effective March 28, 2008, the Internal Revenue Service issued final regulations clarifying the substantive requirements for tax exemption under section 501(c)(3) and the imposition of section 4958 excise taxes on excess benefit transactions.
Executive Compensation Governance, Compliance with IRS Guidelines, and Establishing the “Rebuttable Presumption of Reasonableness”
From a regulatory perspective it is imperative that an organizational process be established, followed, and adequately documented. Upon audit, if a paper trail cannot be found or followed, it will likely be viewed by the IRS as having never occurred.
Results from the latest Yaffe & Company, Inc. survey on Healthcare Board of Directors
One of the Good Governance Principles as outlined in the report by the Panel on the NonProfit Sector is to establish clear guidelines for the term length of board members.