Non Profit

[Ed Fernandez]

I just read some of the Wikipedia page on non profits.One thing that stood out is the compensation paid to the person at the top.It says they should be paid a reasonable salary,based on the health of the organization.Compton and Gardener pull in a combined total of $1,000,000.
Do you see something wrong with this picture?
There was a section on real estate exemptions that varied state to state.Wonder if Cal. rates better than Ind.
Some other points look kind of shaky too,but I'm not a lawyer.Anybody with a law background have a chance to read it?

[bobby]

I read somewhere that a CEO of a big company like G.M. was going to work for 1 dollar for the year. I thing that in these times most CEO's should. Their bank account is already paded enough. Oh yea, they could move into a more modest house like the ones that we live in.

[Ed Fernandez]

Originally Posted by bobby

I read somewhere that a CEO of a big company like G.M. was going to work for 1 dollar for the year. I thing that in these times most CEO's should. Their bank account is already paded enough. Oh yea, they could move into a more modest house like the ones that we live in.

Bobby;
I dont think they should make $1.If Compton went from $700K to say $250K till the association got back on their feet I think everyone would pull together to make things work.No more no less.
GM is a for profit co.Different situation.

Ed F.

[bobby]

Just trying to use an analogy. But I think that anything over $100k is over paid. They probably have enough in their bank account to live on for a year to make just $1.

[Jack Matyas]

Ed -- I'm trying to understand your logic -- are you saying Compton's 700K salary is OK if he worked for profit company ? What difference does that make? Either he is worth it or not............

Bobby -- Its very obvious you've never made 100k per year -- there are people that deserve it ! !

[Bruce Noland]

I believe the 700 K may be Tom's base. With perks and ad-ons he is probably north of one million.

[Ed Fernandez]

Originally Posted by Jack Matyas

Ed -- I'm trying to understand your logic -- are you saying Compton's 700K salary is OK if he worked for profit company ? What difference does that make? Either he is worth it or not............

Bobby -- Its very obvious you've never made 100k per year -- there are people that deserve it ! !

Do I have to write this in crayon for you to understand?I'm not saying that $700K is too much.I'm quoting what the IRS might question in their guidelines for salaries to upper mgt. of a No Profit.Now,is that clear
enough?
That being said I personally think the whole bunch are over paid.Period.I'm sure there are those who would step into his job for half the $$ he makes and will develop a plan,working with legal,pros,sports-
man racers and fan output to better the sport.