Session Overview
We are planning to hire a new executive director to replace the founder, who is the original executive director and who volunteers her time to the organization.
We need to learn about compensation design.
Can we compensate the ED at a base rate and a “commission” on funds raised for the organization?
Is this a common practice?
How is the amount and structure of ED compensation for a nonprofit determined?
What are the requirements and practices related to employee vs. contractor?
I am concerned that we don’t know what we don’t know. Are there other questions on these topics we should be asking? Thank you!
Nonprofit Overview
Our mission is to be a premier organization that transforms the lives of disenfranchised girls. We foster character, confidence and grace through our academic and experiential programs with the goal of developing extraordinary thinkers who are courageous leaders that will become productive global citizens.