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Nonprofit Executive Compensation

Nonprofit Executive Compensation Lilia Sandoval Southern New Hampshire University OL -620 Total Rewards Professor Jenkins Date: July 17, 2022 2 Nonprofit Executive Compensation Advantages A not-for-profit organization (NFP) helps the community without making a profit in return. Whereas for-profit businesses (FP) make a profit by providing a service to a certain audience. NFPs funds are solely based on donations allowing the organization to have more freedom of how the executives will be paid. Making it an advantage unlike the FPs, executives must rely on their production turnover to receive a reward that can increase their salary. FP's businesses are required to have a well-document compensation that states the company's intention regarding how executives will be paid (Dorf, 2013). NFPs do not need a state quote for the quarter they just provide for the community, meaning if they continue to provide for the community, they can get an increase in salary in a shorter amount of time than the executives in an FP can. Therefore, the NFPS must disclose any spending if the executive makes more than $150,000. Leading to the next advantage that NFPs has is opening the doors to more opportunities for other successful leaders. Johnson mentions in his case dissection that NFPs that adopt a business model can end up bidding against businesses when recruiting talented executives incorporate a higher salary and compensation. This will help NFPs have better management that can help contribute and give back in more ways to the community. A leader that the NFP may be pursuing may have great ideas they can do to help expand or make known to receive more donors to the organization. 3 Disadvantages After understanding what can be possible with NFPs a disadvantage for executives that make less than the FP would be not having as many leaders interested to help improve the organization. Having another position available in the FP that is willing to pay more will make executives want to switch to the FP company. Most executives won't want to deal with this uncertainty and an abundant amount of work to improve and expand the organization. It will be hard to hire any strong executives knowing that the FP companies are offering more for the same position. It's a survival of the fittest in a business world, ensuring you have competitive salaries and compensations to compare with other orientations and businesses will determine its success. Therefore, leading to the next disadvantage. If you don't have executives working hard because they aren't getting paid as much, then there is a risk of the organization closing. If you don't have executives planning out fundraising events, especially putting in the overtime, when necessary, there won't be many donors to help the NFP. This can result in having employees work during holidays and no vacations (NPCrowd, n.d.). As discussed in the beginning NFPs survive based on donations to provide to the community. If the NFP doesn't show the community the collaborative ideas this runs the risk of the committee not