Today, comes news, that President Obama’s administration seeks more oversight of executive pay at for-profit firms. Those in the nonprofit sector should take note. The public’s and regulators’ concern in this area is likely to spill over into the charitable sector.Already, the comments on our site show donors regularly lamenting about what they deem to be excessive pay packages at the charities seeking their support. The IRS has, for years, warned charities of its interest in compensation practices. And in designing the new Form 990, the IRS now requires more disclosure of executive pay.
At Charity Navigator, for each charity we rate, we already disclose the CEO’s salary as well as other salaries of note. This summer we’ll publish an updated CEO Compensation Study. And this fall, we hope to begin publishing information from the newly designed Form 990s, letting donors know, for example, if the charity had an independent committee set pay.
1 comment:
Very good to see your support for transparency on salaries.
The next one is for transparency on expenses and their breakdown.
This is where the expenses on the Moat, the Duck House and the dry rot were hidden away.
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