[cp3]

I was viewing NASBA’s 990 and I’d like to point out that their top 10 executives make ~3 million dollars or ~10% of their total revenue. There are 200 people that work for NASBA and 10 people make up ~30% of the total compensation of the whole organization. Idk about anyone else but I find this incredibly ridiculous.

Source.

https://pp-990.s3.amazonaws.com/2017_02_EO/13-3448166_990O_201607.pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=AKIAI7C6X5GT42DHYZIA%2F20170828%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20170828T205530Z&X-Amz-Expires=1800&X-Amz-SignedHeaders=host&X-Amz-Signature=dd1a0237384176831c687489c075eb554d5c9809ad8ce449e6ca1c0ffa8f9102

[M123]

It's a good job if you can get it 🙂

[Scared-cpa]

I remember talking about executive compensation in one of my MBA courses…can't remember which one. But there's a lot of mixed opinions on whether executive compensation is too liberal or not. Personally, I'm all for high compensation if the company can afford it. These individuals are at the top for good reason and if the company is prospering and can afford to pay them such a lavish salary, then I say more power to them. I know if I was in there shoes I would want it to be that way! Now it's a different story if the company is struggling and should be cutting back on unnecessary salaries in order to stay afloat, but that isn't the case with NASBA. I'm sure these executives have worked their butts off, dedicated their lives to the organization, and have a lot of pressure and expectations on their shoulders, and if they're doing a good job, I think high pay is a great thing.

[cp3]

It's a non profit organization. Which we're paying for these people's lavished lifestyles through our exam fees. It's different story all together if this was a for profit company which I agree high salaries can be justified in a large for profit company. I just fail to see how a CEO in a $30mil in revenue non profit deserves $1 mil in salary. I've worked on companies in this revenue range and never have I seen that large of salaries. But Keep in mind that the best way for NASBA to make more money is to keep pass rates low and jack up exam fees.

[HAK326]

[Anonymous]

Like I said on another thread, they probably have their company holiday parties at the Waldorf Astoria and the tab is like $250K for the evening! At our expense! haha
Terrible, when you think about it, but what can we do?

[Scared-cpa]

That is a good point. Nonprofits spending habits are much more the public's business than a private company.

[Author]

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