Volunteer Executive Director

Question from a recent Boot Camp attendee:
For a volunteer Executive Director, can the value of the salary they could be earning be included as in-kind professional service?

And the answer is: Not according to GAAP and IRS rules, it does not meet the characteristics of a donated professional service. BUT you could list this time on a proposal or funding request as an in-kind service, something to show them the value of the organization. It just is not an official contribution to the organization.