Top Massachusetts Nonprofit Pay Is Good If You Can Get It
March 7, 2017 In most fields a few people at the top earn outsized salaries, and the Massachusetts nonprofit sector is no different, as at least 93 people made more than $1 million in compensation and benefits in 2014, according to a newly published report.
The report, published today in The Boston Globe based on reporting by The Wall Street Journal, said the actual number of employees at tax-exempt organizations earning more than $1 million could be higher, since the analysis was based on federal tax returns filed electronically as of Dec. 30, while many nonprofits file returns by May 31 for the previous calendar year.
The 93 people represent a miniscule portion of the approximately 530,000 estimated to have been employed by Massachusetts nonprofits in 2015.
Many of the high earners worked for hospital/medical systems and colleges/universities. According to the Massachusetts Nonprofit Network
, the state's nonprofit trade association, health care employment ranks as the third smallest of 10 nonprofit subsectors, while education and youth ranks as the largest employer.
While those 93 people earned more than $1 million in 2014, leaders at small to mid-sized Massachusetts nonprofits that same year received an average annual base salary of $119,952. Also in 2014, nearly half of the staff at those organizations earned under $28,000, according to Third Sector New England
(TSNE), a Boston-based nonprofit that provides management resources to other nonprofits.
The highest earner in 2014, according to The Globe, was Jane L. Mendillo, then the president and CEO of Harvard Management Company, which runs Harvard Universitys endowment, having received $13.8 million in total compensation. The next four highest paid nonprofit workers also worked at Harvard Management Company.
Following are some of the highly compensated individuals noted by The Boston Globe, some of whom may no longer be at those organizations. The first figure is total compensation; figure in parenthesis is base pay:
- Baystate Health, Mark Keroack, President/CEO, $1,183,586 ($658,452)
- Beth Israel Deaconess Medical Center, Kevin Tabb, President/CEO, $1,506,540 ($967,341)
- Boston University, Robert Brown, President, $1,508,454 ($856,182)
- Brandeis University, Jehuda Reinharz, Faculty/Former President, $4,385,317 ($228,513)
- Cape Cod Healthcare, Michael Lauf, President/CEO/Trustee, $1,391,587 ($754,241)
- Dana-Farber Cancer Institute, Edward Benz, President/CEO, $1,403,238 ($773,789)
- Fallon Community Health Plan, W Patrick Hughes, President/CEO, $1,124,031 ($603,059)
- Harvard University, Drew Gilpin Faust, President, $1,202,980 ($810,884)
- Lowell General Hospital, Normand Deschene, Board President/CEO, $1,786,495 ($573,945)
- Mount Auburn Hospital, Jeanette Clough,, President/CEO, $1,676,102 ($467,230)
- Northeastern University, Joseph Aoun, President, $1,192,914 ($755,306)
- Shriners Hospital For Children, David Drvaric, Chief of Staff, $1,256,017 ($431,473)
- South Shore Hospital, Richard Aubut, CEO, $1,345,310 ($802,364)
- Sterling And Francine Clark Art Institute, Michael Conforti, Director, $2,619,483 ($368,061)
- Wellesley College, Deborah Kuenstner, Chief Investment Officer, $1,216,659 ($551,190)
- Williams College, Collette Chilton, Chief Investment Officer, $1,294,298 ($421,000)
- Winchester Hospital, Kevin Smith, CEO, $1,231,126 ($539,483)