From Deseret News archives:
Charity officials pay deemed 'appropriate'
Co-founder opted to forgo a salary in struggling first year
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Of note, the CEO of the charity for St. Jude's Research Hospital a group similar in scope and purpose to Children's Miracle Network was paid $528,971 in 2005
But a different GuideStar study looked at compensation by budget size. Expenditures by the Children's Miracle Network in 2006 were about $17 million. The study said nonprofit CEOs with budgets about that size were paid an average of $138,038 in 2002.
Hall said the Children's Miracle Network should not be compared to that group because most other nonprofits include in their budget the money they raise and distribute, while his charity does not.
Of note, the U.S. Bureau of Labor Statistics also reports that the average salary of CEOs for any corporation (nonprofit or for-profit) in 2007 nationally was $151,370 but that includes corporations both small and large.
Charity Navigator which ranks charities for potential donors based, in part, on how much of what it raises actually goes for charitable programs gives the Children's Miracle Network a three-star rating out of a possible four stars.
E-mail: lee@desnews.com
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