High CEO Salaries Raise More Than Eyebrows

It has come to the attention of the public, state governments and the federal government that a few nonprofit CEOs are making over $1 million a year in salaries and bonuses. As you can imagine, this has caused quite a stir as officials at every level attempt to cut unnecessary and excessive expenses in this era of tight budgets. For example, a New Jersey provision limits what nonprofit groups can pay their chief executives if they are providing services under state contracts, and Vermont is following suit by trying to curb salaries paid by nonprofit groups that have state contracts.