Ask Experts Questions for FREE Help !
Ask
    niagmiv's Avatar
    niagmiv Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 26, 2007, 10:11 AM
    501c3 reasonable salary?
    I was wondering, if we have a small and new non-profit organization, what is a reasonable salary/wage to start off for the executive board? (president, vp, secretary, treasurer) Also, would it be okay to pay all the executive board members the same salary/wage?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #2

    Jul 26, 2007, 10:31 AM
    The reasonable level of pay is whatever the market requires, same as for any job. It depends on market conditions such as the specific skill sets required, the employees' experience levels, hours worked, size of the organization, span of responsibility, etc.

    It is very important that the board of trustees put together a process for annual reviews of the employees' performance and salary levels for thoise positions that report to the board. For example, the board may have an executive compensation committee that performs this task, perhaps consisting of the chairman and vice-chair, and perhaps past the chairman. As part of its function this committee should consider investigating equivalent salaries at other similar institutions.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Home country salary from US salary [ 3 Answers ]

Hi, I am a L1 visa holder from india and was working in Massachusetts from aug 2005 to dec 2005 as a contractor from my original company in india. I used to receive the US salary from aug 2005 to dec 2005 for which I have the W2. During the same period I also used to receive my indian...

Reasonable costs of capital [ 1 Answers ]

Suppose a firm estimates its cost of capital for the coming year to be 10 percent. What are reasonable costs of capital for evaluating average-risk projects, high-risk projects, and low-risk projects?

Is it reasonable to not allow visitation until court order? [ 2 Answers ]

I am an unwed mother of a 20 month old. Over two weeks ago the father and I broke up and he moved out. We have major communication issues, I do not trust the father, he has a history of drug and alcohol abuse, and currently has a DUI and no license. He did not call for two weeks concerning...

Reasonable suspicion or insecurity? [ 14 Answers ]

Hey all.. I am a 21 year old male who is currently engaged to the love of my life.. ill get right down to the problem.. I recently got out of basic training for the U.S. Army, and while I was in there my sister told me that my future wife had cheated on me.. my sister had not seen it but rather...

Looking for reasonable rates [ 1 Answers ]

Does any one know if delta airlines has any cheap rates from tucson to rapid city. Leave on March 25 - Return April 25 looking for a price around $250 round trip Thanks Billy:)

View more questions Search