Re: MisfitsCafe.com - THINK before you give !!

I checked another source and apparently this is an inaccurate urban legend email that has been circulating for several years. Here's what I found: Salaries of Charity CEOs Compared Netlore Archive: Forwarded email purports to compare the salaries of top executives of U.S. charitable organizations. Description: Email flyer Circulating since: Oct. 2005 Status: Partly true Example: Email text contributed by Galaine, Oct. 26, 2005: As you open your pockets for yet another natural disaster, keep these facts in mind: Marsha J. Evans, President and CEO of the American Red Cross... salary for year ending 06/30/03 was $651,957 plus expenses. Brian Gallagher, President of the United Way receives a $375,000 base salary, plus numerous expense benefits. The Salvation Army's Commissioner Todd Bassett receives a salary of only $13,000 per year (plus housing) for managing this $2 billion dollar organization. No further comment necessary Analysis: Here, as of 2003, are the most accurate figures for the above-listed executives I could find in reliable sources: Marsha J. Evans, President and CEO of the American Red Cross, was paid $468,599 in salary and benefits in fiscal 2003. (Source: BBB Wise Giving Alliance) Brian Gallagher, President and CEO of United Way, was paid $432,709 in salary and benefits in fiscal 2003. (Source: Charity Navigator) W. Todd Bassett, National Commander of the Salvation Army, was paid (along with his wife, who also works for the organization) $94,091 in salary and benefits in 2003 (including house and car). (Source: Fayetteville Observer) Note that the exact amount of Mr. Bassett's compensation package is harder to come by than that of the other CEOs listed because the Salvation Army has tax-exempt status and isn't required to report such information to the IRS. Discrepancies Some sources claim that W. Todd Bassett's 2003 compensation totalled $166,850, a figure apparently culled from a Forbes magazine feature published in 2004. However, that report, which lists each organization's "Top Person" and "Top Salary" separately, is footnoted as follows: "Compensation may not be that of listed top person." According to a Salvation Army spokesperson quoted in the Fayetteville Observer, some of the organization's employees indeed make more than the National Commander, with the top wage-earner taking home "nearly $167,000 annually." According to CBS Market Watch, W. Todd Bassett's total compensation for the previous year, 2002, was $82,000. Is It Fair to Compare? Caveats aside, Bassett's roughly $95,000 in pay is still significantly less than the $400K+ that both Evans and Gallagher take home annually. But it's fair to ask: Is one charity automatically more worthy than another just because its leader is paid a lower salary? Not necessarily, says Charity Navigator, a Web site that evaluates and compares the financial health of charitable organizations. "While there are certainly some charities that overpay their leaders, Charity Navigator's data shows that those organizations are the minority," states the site's FAQ page. "Among the charities we've evaluated, the average CEO salary is $144,521. ...These leaders could inevitably make much more running similarly sized for-profit firms. Furthermore, when making your decision [about where to donate] it is important to consider that it takes a certain level of professionalism to effectively run a charity and charities must offer a competitive salary if they want to attract and retain that level of leadership." Compensation vs. Total Expenses Charity Navigator recommends looking at each organization's CEO compensation as a percentage of total annual expenses. For example, Marsha Evans' salary, generous as it seems, amounts to only .15% of American Red Cross' annual expenses. By contrast, Brian Gallagher's salary is .97% of United Way's total expenses, and W. Todd Bassett's compensation amounts to .29% of the Salvation Army's annual expense budget. All these figures are well below the annual average calculated for the thousands of organizations in Charity Navigator's database, 3.4%. --- On Fri, 11/26/10, James Lohnes <jimbo814@comcast.net> wrote: From: James Lohnes <jimbo814@comcast.net> Subject: MisfitsCafe.com - THINK before you give !! To: undisclosed-recipients@yahoo.com Date: Friday, November 26, 2010, 10:53 AM                 Check these organizations out compared to Salvation Army's               ENOUGH SAID!!!    Salvation Army Kettles interesting When you open your pockets to donate keep these facts in mind. Marsha J. Evans, President and CEO of the American Red Cross... Salary For year ending 06/30/03 was $651,957 plus expenses. Brian Gallagher, President of the United Way receives a $375,000 base Salary, plus numerous expense benefits. UNICEF CEO receives $1,200,000 per year plus all expenses and a ROLLS ROYCE where ever he goes and only cents of your dollar goes to the Cause The Salvation Army's Commissioner Todd Bassett receives a salary of Only $13,000 per year (plus housing) for managing this $2 billion Dollar organization. No further comment necessary. Please share this with everyone you can think of.       So, which one do you think we should donate to ??????????????????????/                                                                      ©2007 Designs Pilar Original