The Nonprofit 1 Percent Even the do-gooders can seem blind to their own excess

[xchrom]

http://www.villagevoice.com/2012-03-21/news/the-nonprofit-one-percent/


Scott Schafer; ImageSource / Corbi

***snip

Neither Moran nor Maria Claro (who made $38,000 a year), an outspoken aide laid off around the same time, seemed surprised that their salaries would fail to register with the Guild, whose revenues (including affiliated organizations) can go into the hundreds of millions.

At the other end of the pay scale at the Guild, it's a different story. In 2008, the Guild was paying its CEO, Alan Morse, J.D., Ph.D., a total compensation package of $843,502. Then came 2009, the first full year after the financial crash, which compromised the Guild's revenue streams.

Instead of going down that year, however, Morse's compensation went up some 82 percent, topping $1.5 million.

Although he runs a nonprofit, Morse is comfortably in the 1 percent that Occupy Wall Street has made everyone so much more aware of.

[jberryhill]

1. Non-profits are a great way to make money

You have to spend every dollar that comes in. The best way to do that is on salaries.

[Warpy]

4. One percenters have always known that

which is why they endowed nonprofit foundations as a way to dodge taxes and then installed their kids as the high paid executives. Little of the foundation's boodle found its way into the hands of the 99%. Most of it entered the foundation death spiral, foundations "giving" to other foundations set up the same way to fatten the heirs tax free.

[libinnyandia]

2. When i found out what the chief executive at WNYC was making I cut my support way back.

[muriel_volestrangler]

3. Wow. Those salaries are gigantic (nt)

[OneGrassRoot]

5. Bookmarked

This is precisely why I have zero interest in setting Wishadoo up as a nonprofit; I have a really bad taste in my mouth about that structure, just as I do traditional corporations (which end up going public), and instead am rather obsessed with employee- and member-owned cooperatives instead as a structure that has more integrity and authentic transparency.

I get really tired of people acting like I'm trying to do something untoward because I didn't make Wishadoo a nonprofit. Oy vey....you can't win sometimes.

[xchrom]

6. +1

[Luminous Animal]

7. Poverty pimps. (n/t)