Bill > S1102

This bill proposes to regulate the compensation of public charities in Massachusetts. It sets a $500,000 cap on the annual compensation of any officer, director acting in an executive capacity, or senior manager of a public charity with annual gross revenues exceeding $1 million. The bill also prohibits public charities from compensating members of their board of directors or trustees, with exceptions for reimbursement of expenses related to their duties. The bill establishes a process for public charities to seek a waiver from these restrictions, requiring them to undergo a public hearing and an independent audit review. If a public charity is found to be in violation of the compensation limits without obtaining a waiver, it will lose its status as a public charity.

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https://malegislature.gov/Bills/192/S1102