I'm forming a non-profit outfit, and will requirement to draw a earnings, what are the guidelines for doing so?
I'm starting a non-profit and will spend in the order of partially of respectively working morning raise money for this non-profit. I'm also the singular director, and expenses are relatively low. How much of a remuneration am I allowed to bring? Is here a percentage of the non-profits proceeds that create a maximum amount I wonder?
I'm not looking to acquire moneyed on the money or anything, but since I won't enjoy a full-time commission, I a short time ago necessitate to replace some of the yield to pay envelope the bills. =) Thanks for any and adjectives facilitate. -John
Answers:
The IRS allows a non-profit concern to payment "judicious compensation" to its executives. In other words, what an individual is usually salaried for similar services by similar non-profit organization below similar circumstances.
You can check Guidestar http://www.guidestar.org to find out what other non-profit organization wages their executive officer.
I do not know the answer. I also intend to start an NPO to relief my ancestors within asia. I will embezzle a minimum pay for me at first and a clothed one after that when it grows.
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I'm not looking to acquire moneyed on the money or anything, but since I won't enjoy a full-time commission, I a short time ago necessitate to replace some of the yield to pay envelope the bills. =) Thanks for any and adjectives facilitate. -John
Answers:
The IRS allows a non-profit concern to payment "judicious compensation" to its executives. In other words, what an individual is usually salaried for similar services by similar non-profit organization below similar circumstances.
You can check Guidestar http://www.guidestar.org to find out what other non-profit organization wages their executive officer.
I do not know the answer. I also intend to start an NPO to relief my ancestors within asia. I will embezzle a minimum pay for me at first and a clothed one after that when it grows.