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Key takeaways from Candid’s 2021 Nonprofit Compensation Report

Candid

The report reviews key employee compensation based on 160,726 observations from 101,489 Forms 990 and 990-EZ filed by 501(c) organizations with the IRS for fiscal year 2019. The District of Columbia has the highest median executive compensation at $174K, followed by New York ($152K) and Massachusetts ($143K).

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3 Key Compliance Reminders for 2021 and Beyond

Bloomerang

Compliance is fairly straightforward on the federal level, but according to Labyrinth’s overview on state filing requirements , processes at the state level vary and can change quickly. There are major penalties for non-compliant nonprofits, ranging from late filing fees to revocation of your nonprofit status.