NONPROFIT SALARIES: DOING OUR DUE DILIGENCE
Nonprofit Salary Due Diligence: Comparing Nonprofit Compensation to our "for-profit" cousins How did I wander into this strange land where nonprofit executive salaries over $200,000 may be considered excessive? In 2004, the median nonprofit CEO salary was $291,356 [1] (keep in mind that these were in the mid-range salaries): As nonprofit leaders we must perform our due diligence and consider the reasonableness of these for- profit sector salaries. Hmmmm. Let's start with a peak at the AFL-CIO’s “ Executive Pay Watch ”: Alan G. Lafley, of Procter & Gamble earned $ 24,620,600 ; Kenneth I. Chenault American Express earned $ 23,619,693 ; Charles O. Prince of Citigroup Inc. $ 22,994,729 ; William B. Harrison of JPMorgan Chase & Co. earned $ 22,338,815 ; Kenneth D. Lewis of Bank of America earned $ 22,027,984. Compare these to your salary! [1] Chronicle of Philanthropy, September 30, 2004 Executive Pay Rises Modestly “Trend could continue as IRS...