W3Schools

Public Media CEO’s salary pales compared to million-dollar packages at other nonprofits

Despite their tax exempt status, nonprofits are increasingly paying their leaders like corporate executives. The latest example stoking the ire of critics: The pay of the president of Philadelphia’s public radio and broadcasting station.

In the most recently publicly reported pay period, Bill Marrazzo, the president of WHYY, earned $757,164 in annual salary, which included bonuses from two different years that were reported at once. In addition, Marrazzo earned $85,668 in deferred retirement compensation he was required to take on his 65th birthday. Station officials noted that Marrazzo didn’t ask for a raise, but they decided to give him a 6% pay bump (news outlets using different metrics found the increase to be higher) because of his track record of keeping the station in the black and boosting members.

>>> Original Source <<<

Comentários