Executive Compensation Policy post.title

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Purpose

The purpose of this policy is to establish a compensation structure for the executive director of the non-profit Community, ensuring compliance with IRS regulations and reflecting the organization's mission and values.

Policy Statement

The executive director shall receive no compensation for their role in the organization other than any compensation enjoyed by every other community resident member.

Compliance

The organization will comply with all relevant laws and regulations, including the Fair Labor and Standards Act (FLSA) and local laws. The board of directors will ensure that the executive compensation policy is reviewed and updated annually to reflect any changes in the organization's mission, budget, or external factors.

Conflict of Interest

The organization will have a robust conflict of interest policy in place to ensure that the board's decisions regarding executive compensation are made in the best interest of the organization and not influenced by personal interests.

Implementation

This policy will be implemented immediately and reviewed annually by the board of directors.