R. Harold Schroeder earned $953,152 from Financial Accounting Foundation by working 40 hours a week in 2020.
Norwalk-based Financial Accounting Foundation amassed $60,662,942 in revenue in the tax year ending in 2020, spending $55,942,306.
There are 1,268 not-for-profit organizations registered in Connecticut.
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 Connecticut in 2020
| Rank | Executives | Not-for-profit Organization | Total salary |
|---|---|---|---|
| 1 | Celso Dias | Riverbend Medical Group, Inc. | $1,189,116 |
| 2 | Molly King | Greenwich Academy, Inc. | $1,169,161 |
| 3 | Stephen H. Kaplan | University of New Haven | $1,148,799 |
| 4 | James Kroeker | Financial Accounting Foundation | $1,051,204 |
| 5 | Thomas W. Philip | Brunswick School, Inc. | $1,026,702 |
| 6 | Sharad Samy | The Common Fund for Nonprofit Organizations | $989,258 |
| 7 | Richard Jones | Financial Accounting Foundation | $983,003 |
| 8 | Judy Olian | Quinnipiac University | $977,561 |
| 9 | R. Harold Schroeder | Financial Accounting Foundation | $953,152 |
| 10 | Gary R. Buesser | Financial Accounting Foundation | $944,675 |
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