Nearly 70 percent of nonprofit organizations in the mid-south plan no salary raises this year, according to a survey by accounting firm Watkins Uiberall.
The survey found, however, that 21.7 percent of the nonprofits plan to give raises of 3 to 4 percent, while 8.7 percent of the nonprofits intend to hand out raises of 1 to 2 percent. At the top of the pay scale, 26.1 percent of the nonprofits surveyed pay a salary of over $150,000 to their CEO, while 21.7 percent pay the CEO a salary of between $101,000 and $150,000. The CFO or finance director earns between $76,000 and $100,000 at 22.7 percent of the nonprofits surveyed, and between $101,000 and $150,000 at 13.6 percent of the organizations. The organizations surveyed were primarily involved in the fields of education, training, arts, culture, human services and social welfare in the states of Tennessee, Arkansas and Mississippi.
Only 19 percent of the organizations outsource their accounting and bookkeeping functions, and 50 percent outsource their payroll functions.
For more information and the complete survey, visit www.wucpas.com.
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