Business Services Industry
The Baltimore Sun Jay Hancock column.
Knight Ridder/Tribune Business News, December, 2004
By Jay Hancock, The Baltimore Sun Knight Ridder/Tribune Business News
Dec. 5--Federal authorities have launched a tax probe of Baltimore-based Chimes Inc. and have proposed sweeping governance standards, including executive salary limits, for Chimes and other nonprofit groups that get $2 billion annually from taxpayers to employ the disabled.
The Internal Revenue Service, which is conducting a national inquiry into executive compensation at charities and other nonprofits, has been looking over Chimes' records, Chimes said last week.
At the same time, a federal agency that oversees the rapidly growing Javits-Wagner-O'Day set-aside program for nonprofit groups wants to cap executive salaries at $207,000 for Chimes and other vendors and...
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