Executive Careers

Non Profit Executive Compensation

Look at Non Profit Executive Compensation

The highest paid senior executive jobs and top management positions are usually paid more than six times those, which are the lowest paying employee.
 
According to a report from the Institute for Policy Studies, the ratio of standard executive compensation to employee income increased from 301:1 in 2003 to 431:1 in 2004. If the minimum wage had risen as speedily as executive wages have since 1990, it would stand at $23.03 an hour rather than $5.15. The statement concludes that executives for military contractors profiting from the Iraq conflict are experiencing highest salary increases.

We need to remember however, that such professional and executive positions are salaried and do not have laws about working hours. Executive search firms search for executive positions from $125,000 to $1 million +. Competition for such highly paid jobs is hard.

New Nonprofit Executive Compensation Database

Because of the increased governmental regulation of non profit executive compensation, nonprofits need to be able to document the compensation comparability data that they rely upon when determining non profit executive compensation. As a result, a new database that provides a thorough list of non profit executive compensation for nonprofit organizations has been introduced.
 
The Internal Revenue Service (IRS) has been aggressively making thousands of "compliance checks" of tax-exempt organizations regarding the procedures used to determine non profit executive compensation. The breadth of information now sought by IRS agents is remarkable.
 
Agents are seeking detailed evidence on informed decision-making regarding how and when board members acquired and utilized non profit executive compensation comparability data. IRS agents are even instructed to seek evidence regarding the variance between the compensation paid and the compensation comparability data relied upon.

At the request of the IRS, to assist in analyzing issues relating to non profit executive compensation within 501(c)(3) organizations and to satisfy the needs of compensation consultants and board committees, Money-making Research Institute (ERI) created the Compensation Comparables Assessor™ (CA+) software.

CA+ contains advanced search features that are particularly valuable to federal and state regulators, as well as information that compensation consultants, nonprofit executives and nonprofit board members can benefit from. CA+ provides subscribers with the ability to analyze the entire universe of Form 990 executive compensation data for select periods. CA+ is a user-friendly software program. The user simply selects a position, NTEE code, organization size and geographic area in order to analyze peer groups.

New Zealand Herald

Citigroup's Pandit, Rubin forego 2008 bonuses Reuters - 31 Dec 2008 ... chairman of the House Financial Services Committee, has pledged to pass legislation in 2009 to give shareholders a bigger say on executive compensation. ... Citigroup CEO Pandit, Chairman Bischoff Forgo Bonuses Bloomberg Top Citi execs to forego bonuses AFP Citi cuts executive pay MarketWatch Wall Street Journal Blogs - TheStreet.com all 368 news articles

Spotlight falls on executive compensation in bailout climate Calgary Herald,  Canada - 31 Dec 2008 Excessive executive compensation is the latest corporate swamp. As the world sinks ever deeper into financial crisis, governments announce bailout packages ...

Citigroup Inc., the recipient of a $45 billion infusion from the federal government, on Wednesday said it would place strict limits on management's compensation, including no severance for its top five executives.
 
Dena Imbesi and Edward Faccio were married Wednesday at Our Lady of Mercy Roman Catholic Church. The couple work at PricewaterhouseCoopers in New York.