Would you say the captain of the ship brought $500K of value to the team? $25M/yr in revenue is very different when it comes from charity and memberships as opposed to building and selling something.
while not crazy, it can still be in excess, would $250k been insufficient to make ends meet? I'd be curious to know who decided that was the appropriate compensation
https://projects.propublica.org/nonprofits/organizations/770...
The “president and ceo” is bringing in over $500K a year.
Total nonsense.
500k to the CEO of an organization bringing in $25m/yr in revenue isn't that crazy.
In hindsight, it doesn't look like they did a great job running it, but the comp package doesn't seem crazy at that scale.
For comparison, the CEO of the wikimedia foundation (wikipedia) makes 520K in an organization that brings in roughly 190 million per year.
I dont really know what is normal for these types of things.
2 replies →
Would you say the captain of the ship brought $500K of value to the team? $25M/yr in revenue is very different when it comes from charity and memberships as opposed to building and selling something.
2 replies →
while not crazy, it can still be in excess, would $250k been insufficient to make ends meet? I'd be curious to know who decided that was the appropriate compensation
Nothing in that budget makes sense. 2.39m executive compensation? 7.4m wages? -14m net income with 23m total assets?
[dead]
> Total nonsense.
Isn't that the entire point of foundations and non-profits? Massive salaries for their EDs.
Foundations yes. Not most nonprofits. The vast majority of nonprofits are tiny mission driven orgs that pay nearly or actually nothing.
2 replies →