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Some NFP CEOs Receive Excessive Compensation Suggests AG Report
Posted by Charlie Ciccone on Thu, Apr 17, 2014 @ 04:29 PM

Not-for-profit sector compensation has been consistently reviewed by the Internal Revenue Service (IRS) along with state and other federal governing bodies for many years. Recently, Massachusetts Attorney General Martha Coakley with the Non-Profit Organizations/Public Charities Division (“the Division”) undertook a review of not-for-profit compensation in the Commonwealth. [1] The review found annual compensation (including all components of reported compensation) for the CEOs of the selected 25 organizations ranged from $487,000 to $8.8 million. For this reason, as well as the rapid increase in executive compensation in the not-for-profit sector, there frequently have been concerns among the general public with how not-for-profit CEO compensation impacts organizations’ charitable missions.

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Topics: non-for-profit, Charlie Ciccone, AG Report

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