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Tuesday, November 5, 2024

What was the highest salary earned by a not-for-profit executive in Virginia in 2020?

Genbusiness011

Sherri Matson received the third highest annual salary among Virginia not-for-profit executives, according to Non-Profit Light.

Sherri Matson earned $2,702,873 from Children's Health System, Inc. by working 40 hours a week in 2020.

Norfolk-based Children's Health System, Inc. amassed $30,331,259 in revenue in the tax year ending in 2020, spending $45,415,561.

There are 2,107 not-for-profit organizations registered in Virginia.

How not-for-profit executives and staff are paid is an issue consistently under the microscope.

“We urge donors to be wary of charities that pay salaries hovering near or above $1 million,” Ken Berger, president and CEO of Charity Navigator, said. “The purpose of a charity is to provide a public benefit. Every donor and tax payer subsidizes the charitable sector with that purpose in mind, not creating a class of millionaire CEOs.”

Top 10 not-for-profit executives by total salary in Virginia in 2020
RankExecutivesNot-for-profit OrganizationTotal salary
1James D. DahlingChildren's Health System, Inc.$8,782,799
2Dennis RyanChildren's Health System, Inc.$2,903,667
3Sherri MatsonChildren's Health System, Inc.$2,702,873
4Amr A. ElsawyNoblis, Inc.$2,238,506
5Sheldon C. PetersenNational Rural Utilities Cooperative Finance Corporation$1,822,466
6Bennett AlfordUniversity of Virginia Physicians Group$1,810,367
7Jerry FalwellLiberty University, Inc.$1,805,610
8Paul SmithCFA Institute$1,734,363
9C. DarbyIn-Q-Tel, Inc.$1,654,057
10B. Daniel BergerNational Association of Federal Credit Unions, Inc.$1,475,157

ORGANIZATIONS IN THIS STORY

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