$5 Million Per Year: Outrageous Salary for Komen CEO Nancy Brinker

[DonRedwood]

When you give to Susan G. Koman, remember, the first FIVE MILLION DOLLARS go to the CEO, not to breast cancer research.

$5 million sure would pay for a lot of mammograms.

I must admit.... it kind of makes me sick. Making money off of women who are fighting breast cancer.

http://www.alternet.org/newsandviews/article/775558/$5_million_per_year:_outrageous_salary_for_komen_ceo_nancy_brinker/#paragraph3

[Old and In the Way]

1. It takes a special kind of person who can capitalize on the death of a sibling in this manner.

More of those conservative family values that we're told are so important for this society. How does one live with oneself...I suppose $5MM/year can buy you a lot of distractions.

[Cleita]

2. Most charities only spend a third of what they take in

for the cause they espouse. The rest is advertising, administrative costs and fat cat salaries, which is why I don't contribute to most. Look at their financial statements and tax documents before you donate. They are very revealing. Some charities are founded as business ventures. The cause they are soliciting donations for are not the main reason for their existence.

[Old and In the Way]

3. Welcome aboard!

Great post...I hadn't heard about this.

[DonRedwood]

30. Thanks!

I added the link to the article. I forgot to post it!

[Journeyman]

4. It costs a lot for people who can take down a well-established non-profit in only 24 hours. . .

You can't get that kind of determined incompetence for less cash. Gotta pay the big bucks to attract the big fuck-ups. It's "dunce-cap-alism", doncha know.

[msongs]

19. no wonder there is no "profit" when they spend $5 mil for a $50K job lol nt

[spartan61]

5. OMG, I was upset when I thought the CEO was

earning $500,000 per year. But 5 million???? That's outright GREED!!! She will be earning no money from me any more. My donations will go directly to Planned Parenthood where I know women will get the help they so desperately need.

[DonRedwood]

10. We donated to planned parenthood this past week as well

We are pretty tight money wise but I felt so gross from having supported Koman in the past that I had to do something to make it right.

[TreasonousBastard]

29. Where the CEO is only earning $320,000 a year? No upset over that?

[DonRedwood]

34. Planned Parenthood isn't a charity that gives out the money it makes

It uses the money it takes in to provide services and to pay employees who are hired to provide the services.

Koman gets people to donate money to help find a cure to breast cancer but then use millions of dollars of it to pay off the people at the top. (Last year they had 37 employees making over $100,000 a year and they paid out over $2 million in severance packages).

There is a difference.

[TreasonousBastard]

42. According to Charity Navigator....

Komen uses 80% for programs while PP only 74%. Komen still has a 4 star rating compared with PP's 3 star.

And, Komen is 5 times the size of PP.

OK, that's PP national, and not adding up the local state operations, and I'm not at all trashing the good work that PP does. But, the numbers just don't add up the way you would like them to.

Upper management payroll at Komen is a tiny percentage or their total income, and most of the people there are worth a lot more in the commercial market because they produce.

How much of a pay cut would you voluntarily take to work for a nonprofit. I'm sure there are lots of places out there that would love to have you on the cheap.

[Saokymo]

37. Not really, no

Planned Parenthood does a lot more good for a lot more people, and doesn't inundate us with tons of overpriced pink-themed crap. $320k/year for that is large, but not obscenely so.

[hlthe2b]

6. Is that true? I had seen $500K cited... heaven knows I wouldn't doubt she's pulling more "off book"

[Brother Buzz]

8. That's my understanding too

417k base salary plus perks push her up to around 500k.

[tridim]

13. 500k is still top 10% and completely outrageous for a "non-profit"

[TreasonousBastard]

16. Why? It's a half billion dollar operation with...

thousands of people involved.

How much should she be paid?

Ans, more importantly, why?

[tridim]

45. She should take a "reasonable" salary as required non-profit regulation.

IMO reasonable is about $50k, but I wouldn't balk at $100k.

$500k is outrageous. You are not supposed to get rich running a charity.

[DonRedwood]

21. They have at least 37 employees that make over $100,000 a year

I saw that on humanewatch ? I was kind of shocked.

[Lugnut]

23. You can find out for yourself.

www.guidestar.org

Look for the 990 filings for non-profits.

[hlthe2b]

31. Are you saying you checked and this site confirms? If so please point me to that

as I'm not seeing it.

[Lugnut]

46. No.

I just know that's where to look for 990 filings.

[gulliver]

7. This site (Charity Navigator) says she is unpaid.

http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=4509

[TreasonousBastard]

20. She may be. The half million salary may be assumed because...

of what the last prez made, but she may not be taking anything.

[Gman]

25. I doubt it's $5m. $500K is not that much for managing an agency that has $274m in revenue

I looked up a couple I'm familiar with including our local United Way and they were right on. Our local United Way gives away 90% of the $38m it took in and the CEO is paid $335K/yr. In comparison SGK took in $273m, gave away 81% and may be paid $500K according to the OP. If anything, our local UW CEO is over paid. But I don't think so as I know him personally and he's worth every penny.


Interesting. This site looks very legit.

[hughee99]

9. Did she get a huge raise?

In 2010 it was only about $500K

http://www.democraticunderground.com/1002261463

[DonRedwood]

15. The last CEO made over $500,000

http://wiki.answers.com/Q/What_is_the_salary_of_the_Susan_G_Komen_CEO

[hughee99]

22. My understanding is that Brinker took over at the end of 2009,

and the 2010 salary was $500k. This would mean Brinker's salary was 500k for 2010, right? In either case, nothing here says $5 million. I don't know what she makes, but I haven't seen the number $5 million reported in any manner other than "I heard she makes $5 million".

[ProSense]

11. Holy crap! Report:

Komen for the Cure: How the Group's Founder Courted Controversy

<...>

Controversy is not new to the commanding, 66-year-old businesswoman, diplomat, and Medal of Freedom recipient, who established the world's largest breast cancer nonprofit, with its signature pink ribbon, in memory of her older sister, Susan in 1982. (Laura Bush, a close friend, was one of her original supporters and volunteers. After their mastectomies, Betty Ford and Nancy Reagan joined the group.) Brinker is currently CEO of the organization. She receives an annual salary of more than $5,000,000 and since its inception has raised billions to prevent and battle the disease. During the ’80s she overcame breast cancer herself, and fought to protect her now world-famous brand.

- more -

http://www.thedailybeast.com/articles/2012/02/05/komen-for-the-cure-how-the-group-s-founder-courted-controversy.html

I wish the author had included the source of the salary information.

[TreasonousBastard]

14. And why believe the daily beast over other sources, all of which say a half mill?

[ProSense]

17. It's

"And why believe the daily beast over other sources, all of which say a half mill? "

...hard to discern. The CEO listed in the other report (http://www.democraticunderground.com/1002261463) is Hala G. Moddelmog

http://en.wikipedia.org/wiki/Hala_Moddelmog

I mean, did Brinker just become CEO? What was her role and compensation during Moddelmog's tenure?

There are a lot of unanswered questions. One of which is: What's the source of Brinker's salary information in the Daily Beast article.

[maddezmom]

38. I think the number is bogus or a typo, check this pdf

http://ww5.komen.org/uploadedFiles/Content/AboutUs/Financial/KOMEN%20PARENT%20PDC%20wout%20PW.pdf

[ProSense]

41. The

number would have to be bogus. One could imagine an extra zero if the salary was $500,000, but the PDF indicates a little over $400K. The other report showed a salary of about $530K for the previous CEO.

[southernyankeebelle]

12. That is why we need to stop giving to them.

[David__77]

18. This is simply untrue.

We don't need to spread misinformation, regardless of the deserved scorn of the target:

http://themoderatevoice.com/137064/check-before-you-rt-komen-ceo-compensation-tweet-rings-false/

As the IRS filing shows, Brinker took 417,000 in 1099 "expenses," and no "salary." It's deceitful because they claim "no salary." But it's a far way from 5,000,000.

[DonRedwood]

28. I added the link to the article

I didn't realize I didn't ad the link to the article I was sharing. Besides Alter Net and Daily Beast I haven't been able to find the $5,000,000 amount referenced by anyone else but I'm looking.

[ProSense]

32. It's

"As the IRS filing shows, Brinker took 417,000 in 1099 "expenses," and no "salary." It's deceitful because they claim "no salary." But it's a far way from 5,000,000."

...possible that the salary mentioned in the Daily Beast article (http://www.democraticunderground.com/?com=view_post&forum=1002&pid=271032) is inaccurate, but as you point out, the IRS data shows she earned "no salary."

So questions remain.

[dixiegrrrrl]

44. I di da Google and ONLY the Daily Beast reports 5 mil

all the other sites and news reports just under 500K, including benefits.
altho I personally think anyone running a "charity" should be paid less the President of the USA.

[Initech]

24. Ok - what kind of charity has a CEO to begin with?

To me IMO that should no longer qualify for charity status.

[lsewpershad]

26. Selfish, greedy bastards

[Gman]

27. Maybe a better term would be "Head Honcho"

or something similar. They still do the same thing regardless of the title. It's only a title.

[RevStPatrick]

36. Every charity has a CEO

And Komen is a large organization.
All large organizations need to pay for talent.
Maybe a half million a year is a bit excessive, but not terribly so.
Of course, it turns out that in this case, the "talent" wasn't so talented after all...

[Posteritatis]

43. Pretty much all of them, for starters? (nt)

[Angry Dragon]

33. I did a google and all I could

find is that she makes around a 1/2 million per year

[hlthe2b]

35. Unless it is off books and not reported to IRS, this is wrong.

Perhaps the reporter in the Daily Beast article is referring to non-direct income from Komen? Believe me, I have no difficulty believe she is bleeding off of Komen in the memory of her dead sister. But, there is a discrepancy.

********************
Nancy G. Brinker earned $417,171 in 2010 serving as CEO and President of Komen for the Cure

I got a look at tax forms submitted to the Internal Revenue Service from Komen for the Cure. This “990? document — Form 8453-EO –requires charitable organizations to show the salaries of the directors and senior managers of the organization in the year 2010.

The first nine members of the board earned no salary and no compensation of any kind.

The Nancy G. Brinker earned $417,171 to serve as a board member and CEO. She also earned a space $541 in other compensation.

Including Brinker, Komen has 18 people who earn above $100,000. Six earn more than $200,000, including former CEO and president Hala Moddelmog, who earned $277,000 despite working no hours.

Elizabeth Thompson and Katrina McGhee — the former president and executive vice president, respectively — earned $216,000 each. Thompson was compensated $16,177 and McGhee was compensated $12,204.

Mark Nadolny, chief financial officer, earned $277,000 and was compensated $17,280.

Jonathan Blum, general counsel and secretary, earned $210,269 and was compensated $22,124.

Justin Ricketts, CIO, earned $209,541. and was compensated $17,213.

Thanks to Jonathan Ahl for hooking me up with the document.
http://pundit.blogpeoria.com/2012/02/02/nancy-g-brinker-earned-417171-in-2010-serving-as-ceo-and-president-of-komen-for-the-cure/

Actual document (Komen 2011 financial statement): http://pundit.blogpeoria.com/files/2012/02/2011-Komen-Financial-Statements-FINAL3.pdf

[arely staircase]

39. yeah but they also do important tings

like sell pink doodads.

[enough]

40. I think this information is incorrect. The problem is, when the figure goes back to

$500,000, it will seem a little less outrageous.

[GeorgeGist]

47. oops

Correction: A previous version of this article inaccurately reported Nancy Brinker’s salary. As CEO of Susan G. Komen for the Cure, Brinker makes about $417,000 per year.
http://www.thedailybeast.com/articles/2012/02/05/komen-for-the-cure-how-the-group-s-founder-courted-controversy.html

And oops again:

Compensation of Leaders (FYE 03/2010)
Compensation % of Expenses Paid to Title
Not compensated -- Nancy Brinker Founder, CEO
Other Salaries of Note
$456,437 0.14% Hala G. Moddelmog Former President, CEO

http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=4509

[Casandia]

48. Daily Beast corrected the amount to $417,000 n/t