Nonprofit Pay Increases Reflect Economic Conditions, Shows New Study by Total Compensation Solutions

This year's study of compensation among nonprofits reports average pay levels for executives in mission critical and support departments among these organizations. An overall summary of the average total compensation for executive positions is attached to this press release

The study observes that salary adjustments for 2008, turnover, bonus/incentive amounts were all tracking the practices of for profit companies for most of the year. However, the study identifies compensation practices for the first part of 2008 and does not account for moderate changes in revenue stream, charitable contributions, and prospective planning for 2009 which may be changing even as this document goes to press. "If you could break out the first six months of 2008, nonprofits had a pretty good year," says Paul Gavejian, Managing Director of TCS. "Our clients in the nonprofit sector were on track for record contributions, their revenue generating divisions were making money; and their employees were providing excellent response to their governing communities…then the financial crisis hit the economy and everything changed."