14 Jun 09 How do i determine salary for a new small nonprofit that is only paid per performance?
We are a new nonprofit, a brass quintet that is dedicated to community outreach/performance and support of music education in local schools. Most of our income will be performance based (playing/teaching gigs) and I need to determine employee salary (5 people) for the IRS to put on our 1023 tax exempt application. Other income will be through donations, sponsorships and grants but it’s hard to project what those earnings will be. Any suggestions would be appreciated.
Tags: Brass Quintet, Community Outreach, Donations, Earnings, Employee Salary, Exempt Application, Gigs, Grants, Irs, Local Schools, Music Education, Nonprofit, Sponsorships
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