Comment by ehwa37

5 days ago

https://projects.propublica.org/nonprofits/organizations/770...

The “president and ceo” is bringing in over $500K a year.

Total nonsense.

14 comments

ehwa37

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Eridrus  5 days ago

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.

  • bawolff  5 days ago

    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.

  • ehwa37  5 days ago

    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.

    • Eridrus  5 days ago

      I have no idea if this person brought 500k of incremental value to the org, they could have been actively destructive, but they certainly have enough leverage to easily pay for themselves many times over.

      Often in nonprofits, the person in charge is mostly an exceptional fundraiser and so their contributions are easily visible in that realm. The corollary to that is they are often a bad manager of the org.

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  • verdverm  5 days ago

    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

flurb  5 days ago

Nothing in that budget makes sense. 2.39m executive compensation? 7.4m wages? -14m net income with 23m total assets?

fnord77  5 days ago

> Total nonsense.

Isn't that the entire point of foundations and non-profits? Massive salaries for their EDs.

  • margalabargala  5 days ago

    Foundations yes. Not most nonprofits. The vast majority of nonprofits are tiny mission driven orgs that pay nearly or actually nothing.

    • fnord77  5 days ago

      You haven't seen San Francisco non-profits. There's a web of them controlled by the same gang of people who are taking in billions from the state and the city.

      1 reply →