Among CEOs and executive directors in Central Florida, men are paid a lot more than women, and salaries generally are higher for those with more education, a new report says.
Base salary levels for those and other top jobs at nonprofits also have grown significantly in two years, says the report released by the Philanthropy & Nonprofit Leadership Center at Rollins College.
And in the face of the economic recession, the report says, nonprofit employees are staying on the job longer, and only a small percentage of nonprofits except to offer salary increases this year.
In the two years since the center’s initial report on compensation and benefits, “we’ve seen mounting pressure on nonprofits to compete for talent with their business counterparts, resulting in higher pay at the top level and a need for more comprehensive benefits for employees at all levels,” Margaret Linnane, the center’s executive director, says in a statement.
According to the study, which looked at the compensation, benefits and employment practices of over 145 nonprofits that employ over 14,400 people, the average annual compensation for male CEOs and executive directors totaled $110,962, compared to $80,987 for females.
With 53 percent of CEOs and executive directors surveyed holding a master’s or doctoral degree, those with a master’s degree were paid an average salary of $105,866, compared to $85,318 for those with a bachelor’s degree.
From 2007 to 2009, base salary levels increased to $93,939 from $79,161 for CEOs and executive directors; to $87,897 from $72,902 for chief operating officers and associate directors; to $90,897 from $85,135 for chief financial officers; and to $72,323 from $69,107 for development
Overall, for all the nearly 100 positions reported in 2009 and 2007, the average annualized increase in salaries totaled 2.2 percent.
Still, only 47 percent of nonprofits surveyed expect to increase salaries this fiscal year.
While 88 percent of nonprofits surveyed offer some level of medical insurance to full-time employees, the premium covered by employers generally has declined.
And the share of nonprofits offering retirement benefits has increased to 68 percent from 61 percent two years ago, while the share of nonprofits offering plans funded solely by employee contributions has increased to 16 percent from 12 percent.