Quote:
Originally Posted by gloryseeker
I agree with you in that we invest in what we believe in.
You may want to check your structure because from an IRS point of view the Board of Directors cannot establish your salary. If not set up properly you could jeopardize your 501(c)(3). An independent financial committee needs to be involved especially if it can be viewed that your Board has a personal interest in your salary....like relatives who may serve on the Board.
My wife and I are also the biggest givers in our church, we are also the most blessed!
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Not so. According to our By-Laws, the board sets the pastor's salary. I have no relatives who serve on the board. I have never read in ANY IRS publication stating that there has to be an independent financial committee to set salaries. As President of the corporation, our By-Laws state that I set the salaries of my employees and the board sets my salary. We have always been IRS compliant since I have been pastor. Our accountant is an Enrolled Agent with the IRS and handles the finances of many ministries and that has never come up.
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