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Data closing 2022[1] shows expenses exceeding revenue, where executive compensation of just 5 individuals accounted for ~20%. Given the implied trend, and comp

Data closing 2022[1] shows expenses exceeding revenue, where executive compensation of just 5 individuals accounted for ~20%. Given the implied trend, and companies that the org highlights as partners[2], this outcome doesn't seem very surprising. [1] https://projects.propublica.org/nonprofits/organizations/464218859 https://projects.propublica.org/nonprofits/organizations/464... [2] https://womenwhocode.com/about#lc-heading-5 https://womenwhocode.com/about#lc-heading-5

sevagh 2y ago
Can you be more clear about what you're hinting at here? Is it that the companies listed (SiriusXM, Boeing, Home Depot, VMWare, Draft Kings) don't have money to waste anymore because they're not doing well financially?
scotty79 2y ago
So they basically killed the org because it doesn't earn enough for their salaries anymore?
azrazalea 2y ago
The interesting part as far as the salaries they are not obscene. Many of the people who started learning at women who code could easily be making more than the CEO by now.
- codekisser 2y ago
  Individually, they're not obscene - but they are leaders of many, many organizations at the same time. If they make an income from each of these positions, I think it would add up pretty fast. For example, according to her linkedin, the CEO of WWC is also the Strategic Advisor of a banking company, an Advisory Board Member of 3 organizations including a university, and a Principal (?) of some LLC. Simultaneously.
  - giantg2 2y ago
    That seems ridiculous. All while ICs are getting fired for having 2 jobs and making squat at either. I find it hard to believe that someone can hold so many positions and actually provide meaningful value to any of them.
    - ohthatsnotright 2y ago
      Musk is showing that it really is impossible to do it all, but the rules don't apply to C-suite.
      - parineum 2y ago
        Is he? His companies are doing fine and he's still super rich.
        shaklee3 2y ago
        Tesla and Twitter are not doing fine. He's trying to get Tesla to agree to his original compensation bonus that was rejected by the Delaware courts. But that bonus was for bringing the valuation over $650 billion. The valuation has now dropped to under 500 billion
        FreakLegion 2y ago
        Musk's performance award included 12 tranches of stock options that were unlocked at $50b intervals from $100b to $650b of market cap, with a few other requirements. At Tesla's current price, 8 of the 12 tranches would still be unlocked.
        ohthatsnotright 2y ago
        Which occurred primarily before he took over Twitter and ran it into the ground while at the same time tanking the goodwill people had for Tesla. It really seems unlikely one human can split themselves between so many projects and keep all of them successful unless they dis-engage from a few and let those they hired run the show (mostly how he's behaved with SpaceX). If the person is like this they likely don't deserve the sort of compensation talked about in this article.
  - karaterobot 2y ago
    Are you thinking of the board of directors? It looks like the C-level officers at that non-profit are the ones taking a salary, the board members all get $0. It's common for members of the board to serve in similar capacities in other organizations, but not very common for the C-suite to do it, though of course it does happen.
    - deleted 2y ago
      [deleted]
  - evanelias 2y ago
    > and a Principal (?) of some LLC That just means the owner of a single-member LLC, or sometimes the largest stakeholder for a multi-member LLC. It's not an unusual title for an LLC. From reading her LinkedIn, it sounds like she's doing consulting and advising under an LLC instead of as an unincorporated sole proprietor. Again, really nothing unusual there, especially for the leader of a nonprofit.
- dilyevsky 2y ago
  Really? Why the hell 503c with 4 MILLION of annual revenue even needs a full time CFO position? Some mom and pops joints pull more than this
  - HeatrayEnjoyer 2y ago
    What mom and pop is doing multi million a year anything? That's solidly medium business size.
    - dilyevsky 2y ago
      Construction
Jun8 2y ago
Looking at the data summarized in [1], the compensation for 5 people was 20% of total expenses in 2022 while "Other Salaries and Wages" was 70%. Annual contributions of $3.5M is pretty robust. Comparing with, for example, Girls Who Code (https://projects.propublica.org/nonprofits/organizations/300728021 https://projects.propublica.org/nonprofits/organizations/300...), the compensation does not seem to be excessive. As another person commented this may be a case of spreading the org too thin. Couldn't they have pivoted with just a focus on the US rather than 147 countries and not shut the whole thing down?
- giantg2 2y ago
  "Comparing with, for example, Girls Who Code (https://projects.propublica.org/nonprofits/organizations/300 https://projects.propublica.org/nonprofits/organizations/300...), the compensation does not seem to be excessive." Maybe things aren't excessive compared to others. But a better question might be what should comp look like for non-profits?
  - Icons8 2y ago
    Median is $360k https://www.salary.com/tools/salary-calculator/ceo-non-profit-organization/atlanta-ga?type=bonus https://www.salary.com/tools/salary-calculator/ceo-non-profi...
  - irjustin 2y ago
    > But a better question might be what should comp look like for non-profits? I've looked into this a bit. The true answer is extremely unclear. General public has a mentality that if you work at a non-profit you should give everything to the cause including your salary. This only gets the most loyal people to the cause, but just because you're loyal and willing to work a lot doesn't mean you're effective. What about those people who are actually effective but demand a higher salary? And honestly speaking, they deserve it. So if you're unwilling to compensate at a level even close to industry your talent pool shrinks really fast, and many times, smaller than those who are effective.
    - 2y ago
strix_varius 2y ago
Notably, the CEO's salary almost perfectly matches the net negative cash flow they have year over year.

sevagh 2y ago

Can you be more clear about what you're hinting at here? Is it that the companies listed (SiriusXM, Boeing, Home Depot, VMWare, Draft Kings) don't have money to waste anymore because they're not doing well financially?

scotty79 2y ago

So they basically killed the org because it doesn't earn enough for their salaries anymore?

azrazalea 2y ago

The interesting part as far as the salaries they are not obscene. Many of the people who started learning at women who code could easily be making more than the CEO by now.

codekisser 2y ago
Individually, they're not obscene - but they are leaders of many, many organizations at the same time. If they make an income from each of these positions, I think it would add up pretty fast. For example, according to her linkedin, the CEO of WWC is also the Strategic Advisor of a banking company, an Advisory Board Member of 3 organizations including a university, and a Principal (?) of some LLC. Simultaneously.
- giantg2 2y ago
  That seems ridiculous. All while ICs are getting fired for having 2 jobs and making squat at either. I find it hard to believe that someone can hold so many positions and actually provide meaningful value to any of them.
  - ohthatsnotright 2y ago
    Musk is showing that it really is impossible to do it all, but the rules don't apply to C-suite.
    - parineum 2y ago
      Is he? His companies are doing fine and he's still super rich.
      - shaklee3 2y ago
        Tesla and Twitter are not doing fine. He's trying to get Tesla to agree to his original compensation bonus that was rejected by the Delaware courts. But that bonus was for bringing the valuation over $650 billion. The valuation has now dropped to under 500 billion
        FreakLegion 2y ago
        Musk's performance award included 12 tranches of stock options that were unlocked at $50b intervals from $100b to $650b of market cap, with a few other requirements. At Tesla's current price, 8 of the 12 tranches would still be unlocked.
        ohthatsnotright 2y ago
        Which occurred primarily before he took over Twitter and ran it into the ground while at the same time tanking the goodwill people had for Tesla. It really seems unlikely one human can split themselves between so many projects and keep all of them successful unless they dis-engage from a few and let those they hired run the show (mostly how he's behaved with SpaceX). If the person is like this they likely don't deserve the sort of compensation talked about in this article.
- karaterobot 2y ago
  Are you thinking of the board of directors? It looks like the C-level officers at that non-profit are the ones taking a salary, the board members all get $0. It's common for members of the board to serve in similar capacities in other organizations, but not very common for the C-suite to do it, though of course it does happen.
  - deleted 2y ago
    [deleted]
- evanelias 2y ago
  > and a Principal (?) of some LLC That just means the owner of a single-member LLC, or sometimes the largest stakeholder for a multi-member LLC. It's not an unusual title for an LLC. From reading her LinkedIn, it sounds like she's doing consulting and advising under an LLC instead of as an unincorporated sole proprietor. Again, really nothing unusual there, especially for the leader of a nonprofit.
dilyevsky 2y ago
Really? Why the hell 503c with 4 MILLION of annual revenue even needs a full time CFO position? Some mom and pops joints pull more than this
- HeatrayEnjoyer 2y ago
  What mom and pop is doing multi million a year anything? That's solidly medium business size.
  - dilyevsky 2y ago
    Construction

Jun8 2y ago

Looking at the data summarized in [1], the compensation for 5 people was 20% of total expenses in 2022 while "Other Salaries and Wages" was 70%. Annual contributions of $3.5M is pretty robust. Comparing with, for example, Girls Who Code (https://projects.propublica.org/nonprofits/organizations/300728021 https://projects.propublica.org/nonprofits/organizations/300...), the compensation does not seem to be excessive. As another person commented this may be a case of spreading the org too thin. Couldn't they have pivoted with just a focus on the US rather than 147 countries and not shut the whole thing down?

giantg2 2y ago
"Comparing with, for example, Girls Who Code (https://projects.propublica.org/nonprofits/organizations/300 https://projects.propublica.org/nonprofits/organizations/300...), the compensation does not seem to be excessive." Maybe things aren't excessive compared to others. But a better question might be what should comp look like for non-profits?
- Icons8 2y ago
  Median is $360k https://www.salary.com/tools/salary-calculator/ceo-non-profit-organization/atlanta-ga?type=bonus https://www.salary.com/tools/salary-calculator/ceo-non-profi...
- irjustin 2y ago
  > But a better question might be what should comp look like for non-profits? I've looked into this a bit. The true answer is extremely unclear. General public has a mentality that if you work at a non-profit you should give everything to the cause including your salary. This only gets the most loyal people to the cause, but just because you're loyal and willing to work a lot doesn't mean you're effective. What about those people who are actually effective but demand a higher salary? And honestly speaking, they deserve it. So if you're unwilling to compensate at a level even close to industry your talent pool shrinks really fast, and many times, smaller than those who are effective.
  - 2y ago

strix_varius 2y ago

Notably, the CEO's salary almost perfectly matches the net negative cash flow they have year over year.