The Not-For-Profit Practice – Compensation, Benefits & Alternative Programs for Not-For-Profit Organizations & Executives
MKA has worked with not-for-profit organizations for over 40 years, concentrating in health care, education and social services agencies. Our team understands that the boards of these organizations need the tools to determine appropriate compensation for their top leaders, as well as the discussions to support their decisions. MKA offers guidance through this comprehensive fiduciary process, along with extensive knowledge of the compliance and tax requirements of the Internal Revenue Service code as well as state statutes and regulations.
C-suite executives at not-for-profits need to be smarter and more aware of government guidance and donor sentiment regarding compensation in the not-for-profit sector. Executives should lead and educate their boards about this environment and determine ways to make reasonable and positive decisions within an appropriate and legal framework. Boards and executives both must be aware of public disclosure requirements and be prepared to publicly discuss the reasoning and context behind compensation decisions.
Although not-for-profits are unable to offer equity programs such as stock options and stock grants as part of their compensation packages, major organizations in this sector should consider alternative compensation programs to maintain a competitive position in hiring, recruiting and retaining talent. The executives of not-for-profits are not volunteers; they should be compensated according to the organization’s size and challenges, commensurate with similarly situated private sector firms. The bottom line is that in these times, top-caliber, experienced senior management is crucial for successful organizations.
The Importance of Board & Community Relationships
As experienced senior executives who have successfully presented to hundreds of Boards, we understand your fiduciary responsibility. Our recommendations for top management benefits are consistent with your governing body’s legal, ethical and business expectations. Relationships with the Board as well as the surrounding community are foremost in all of our considerations.
What You Can Expect from MKA as Your Strategic Advisor
Our approach is simple: gain a comprehensive understanding of your needs and then collaborate on a strategic plan to help achieve your objectives. We are not transaction-focused. MKA’s team of transition strategy professionals combine their 150 years of experience, expertise and talents to design and implement a program for your approval. MKA’s Not-For-Profit Practice is managed by senior experienced professionals who know the industry. We promise and deliver substance, not pretense.