4 ms·
> The expense being reported is total cost of employment, which includes FICA taxes paid by the employer, 401k matches, and probably most notably healthcare, bu
by hiatus 3y ago
> The expense being reported is total cost of employment, which includes FICA taxes paid by the employer, 401k matches, and probably most notably healthcare, but all benefits and in-kind compensation.
This is incorrect, reportable compensation on a 990 is the amount in box 5 of the employee's W-2, which does not include health insurance, taxes, etc.
https://www.irs.gov/charities-non-profits/exempt-organization-annual-reporting-requirements-meaning-of-reportable-and-other-compensation-in-form-990 https://www.irs.gov/charities-non-profits/exempt-organizatio...