Friday, July 17, 2015

Quote du jour

Charity Navigator formed in 2001 because there was a painfully obvious need for it; their annual report on CEO compensation is also equally needed. The 2014 report showed a median nonprofit CEO salary of $120,000. But they also found that out of the 3,929 charities included in the study, twelve rewarded their top executive with $1 million or more in compensation (including one-time payouts). The study also revealed that 67 charities paid their CEOs between $500,000 and $1 million. Separately, they found 43 organizations that compensate at least one of the CEO’s relatives, with that relative earning over $100,000.
-Jim Geraghty

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