Hi Mookie,
I appreciate your comments on the subject.
Unfortunately, I must disagree. From the Bureau of Labor Statistics:
That's the
median income. You know that means that more than 50% of all nonprofit CEOS made
less than $88,006 in 2005? That's right, mere software engineers at Amazon.com (Level 1 SDEs earn $75,000, Level 2 and 3 SDEs earn more) earn almost as much as a nonprofit CEO.
Benjamin Soukup's income is, according to Gemtun's link, in significant excess of $800,000. The Bureau of Labor Statistics cites that the highest paid of all nonprofit CEOs pass $700,000.
It becomes clear that Soukup's income far exceeds the top quintile, decile and possibly even percentile of all nonprofit CEOs.
So now, how does CSD compare to other nonprofit organizations?
We must compare CSD to large nonprofits, especially since Soukup's income is among the top of the top. Let us look at nonprofits from the Philanthropy 400 (the link I use is from 2001):
http://www.fund-online.com/classes/internet_0111/philanthropy400_2001.html
#1 Salvation Army. Income for 2001 fiscal year: $2.8 billion.
#10 Nature Conservancy. Income for 2001 fiscal year: $784 million
#23 Johns Hopkins. Income for 2001 fiscal year: $2.0 billion
It is fairly evident that a firm like CSD does not even
remotely compare to major firms in the Philanthropy 400.
Now, I am unable to find the financial statements for CSD because I really need to take off (if you're really tight about it and you want them, we can try to pull them up for you), but can you possibly even IMAGINE a nonprofit the size of CSD approaching the reach and influence of a major nonprofit?
Any nonprofit executive compensated in excess of $800,000 a year is definitely worth a few raised eyebrows, especially since $800,000 is far above the market mean. Even more so, an executive of a nonprofit compensated in excess of $800,000 at a firm with CSD's size and reach is definitely worth more than a few raised eyebrows.