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As a longtime reader of the IBJ’s piece each week on local non-profits, I am constantly amazed about the overlap of missions of so many organizations. It might be a good project for the Lily Foundation to study local nonprofits and make recommendations for mergers. Would likely make a lot more money available for the nonprofit missions.
Sounds like an excellent idea.
Somewhat like 2 for profit companies merging and lowering overhead but eliminating redundancy.
In this case that would potentially create a situation where more dollars could go toward the mission and less on overhead.
In the past, I can remember that the IBJ used to report leadership compensation for both the “for profit” businesses they review in each issue as well as for the leadership of non-profit enterprises. They no longer report the compensation for leadership of non-profits, only the “for profit” organizations. That is the opposite of what the IBJ should be doing.
For a public company, the salaries and bonuses (and other perks) of the NEO’s in publicly owned corporations are legally required to be disclosed in SEC filings, and thus are easy to find. Furthermore, “for profit” leadership compensation must be decided by a Board, the shareholders (if it is a Public for-profit enterprise) or the actual owners, if it is a privately held company. So there is significant oversight and easily researched compensation information relating to “for profits” (the latter of which is maybe why the IBJ only reports this compensation information.
The public would be better served by more disclosure of non-profit leadership compensation.
You can find compensation of key employees of non profits by looking at their 990’s which they have to file every year with their returns. Also, all 501c3 organizations must have a board, and the board determines executive pay. Unfortunate you don’t have your facts straight.