Monday, December 19, 2005

The Times-Tribune - News - 12/19/2005 - Compensation varies widely for nonprofit CEOs

The Times-Tribune - News - 12/19/2005 - Compensation varies widely for nonprofit CEOs:

snip snip>>
"However, those packages do not even represent a half a percentage point of each hospital’s annual budget.

“People don’t realize non-profit hospitals are competing with for-profit hospitals,” said Jack Voorhees, executive director of the Scranton Better Business Bureau. “The salaries have to be fairly competitive and usually are much less than a CEO would make at a for-profit hospital.”

Nationwide, charities pay an average of 3.4 percent of their total expenses to their top executive in salary and other compensation, said Thomas Pollak, assistant director of the Urban Institute’s National Center for Charitable Statistics. That average is based on a sampling of 4,257 charities. “Donors are very interested in how much charity leaders make,” said Bennett Weiner, chief operating officer of the Virginia nonprofit watchdog group, Better Business Bureau Wise Giving Alliance. “Is that the most important thing to a donor? Maybe. Maybe not. But they definitely want to know the information.”"

No comments: