Executive Compensation at the Robin Hood Foundation
The Robin Hood Foundation (RHF) – a 501 (c) (3) based in New York City – is an organization that primarily awards grants to organizations fighting poverty by providing food, shelter, and healthcare and by helping people lift themselves out of poverty. They do this primarily by awarding grants (in 2017, the organization collected $121 million in revenue and awarded $115 million in grants).
In 2017, RHF had 149 employees who were compensated $18 million, which equates to an average compensation of $121,000. However, only 49 employees received more than $100,000 in compensation. The 14 most highly compensated individuals were:
- $1,706,741: David Saltzman, Former Executive Director and Former Board Director (departed Feb, 2017)
- $ 648,444: Laurence Jahns, SVP Advancement (departed December, 2017)
- $ 530,508: Wes Moore, CEO, Non-Voting Director (as of April 24, 2017)
- $ 520,476: Kristine Sudano, SVP, Development
- $ 452,104: Beth Zolkind, CFO
- $ 428,416: Susan Sack, Managing Director, Real Estate
- $ 428,138: Emary Aronson, Chief Program Officer (departed July, 2017)
- $ 422,276: Michael Weinstein, SVP, Programs (departed March 3, 2017)
- $ 411,236: Rose Bromka, Chief of Staff
- $ 362,966: Amy Houston, Managing Director, Managing Assist
- $ 346,938: Susan Epstein, Managing Director, Jobs and Economic Security
- $ 323,312: Deborah McCoy, Managing Director, Early Childhood
- $ 287,806: Alan Blum, Chief Marketing Officer (departed July 7, 2017)
- $ 269,655: Reynold Levy, President ( departed March 24, 2017)
Of the 14 most highly compensated employees in 2017, 8 were women (57%) and 6 were men (43%). The information above indicates there was significant staff turnover in the upper ranks with 6 of the 14 most highly compensated individuals departing the organization during the year, including the long-time (28 years) Executive Director, David Saltzman.
It is important to point out that the RHF is known for its director support. There are 39 voting directors, whom the organization reports pay for all the administrative and fundraising costs. In 2017, these costs totaled about $26 million which means that each of the 39 directors had to contribute $670,000 each to cover these costs (Note: the Form 990 only reports contributions in aggregate so specific donor donations are not listed).
To read the IRS Form 990 (2017), click here.