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March 7, 2020

Executive Compensation at the Institute of Electrical and Electronics Engineers (IEEE) Go?

by Anne Paddock

The Institute of Electrical and Electronics Engineers (IEEE – pronounced “I Triple E”) is a non-profit tax-exempt 501 (c) (3) – a professional association for electrical and electronic engineers that serves the public good through its scientific and education (making their work available on a non-discriminatory basis (note:  a 501 (c) (6) serves an industry – not the public – and does not need to make their work available to the public in a non-discriminatory basis).

Headquartered in Piscataway, New Jersey, IEEE reported having 1,289 employees who were compensated $175 million in 2018, which equates to an average compensation of $135,800.  502 employees received more than $100,000 in compensation with the 13 most highly compensated employees listed below:

  • $1,225,788:  E James Prendergast, Assistant Secretary and Executive Director
  • $  844,918:  Stephen Welby, Assistant Secretary and Executive Director
  • $  611,795:  Thomas R Siegert, Assistant Treasurer, Staff Executive, and CEO
  • $  536,748:  Mary Ward-Callan, Managing Director – Technical Activities
  • $  517,982:  Konstantinos Karachalios, Managing Director – IEEE Standards
  • $  478,800:  Emily Csernica, Director – North America Sales
  • $  466,124:  Francis Staples, Sr Director – Global Sales and Customer Ops
  • $  463,784:  Michael B Forster, Managing Director – Publications
  • $  458,859:  Jean Jennings, Director – International Sales
  • $  456,120:  Cherif Amirat, Chief Information Officer
  • $  409,390:  Donna Hourican, Staff Executive Corporate Activities
  • $  397,369:  Cecelia Jankowski, Managing Director – Member and Geographic Activities
  • $  394,019:  Karen L Hawkins, Chief Marketing Officer

The 13 most highly compensated employees received $7.3 million which equates to an average compensation of $562,000 although the compensation ranged from a low of $394,019 to a high of $1,225,788.

7 of the 13 (54%) most highly compensated employees are male while 6 of the 13 (46%) are female.

IEEE paid for first class travel. Specifically, “business class fares are permissible, if budgeted by the organizational unit, and if flying time is over eight consecutive hours for a single segment or over eight hours flying time where a layover is required.” In addition, permission to travel business class for medical reasons may be granted by the President. “If first class is the only available class other than economy class, reimbursement shall occur only when all criteria to travel business class have been met and permission is granted by the unit VP or President, or in the case of Staff, the IEEE Executive Director.

Konstantinos Karachalios, Francis Staples, and Jean Jennings were reimbursed in 2018 for first class travel.

IEEE paid for companion travel. Specifically, the IEEE President is reimbursed for reasonable, budgeted travel expenses for his/her spouse or other travel companion when accompanying the President on IEEE business. James Jeffries received reimbursement for spousal travel in 2018.

The IEEE President received a cash gross up payment to cover any foreign or US federal, state, or local taxes for spousal travel in 2018.

James Pendergrast, Executive Director and COO until Jan 2, 2018 and Stephen Welby, Executive Director and COO beginning Jan 2, 2018 were the only participants in a non-qualified, unfunded, deferred compensation plan that accrued $150,000 in 2018 for Stephen Welby.

Three employees received commissions: Emily Csernica ($262,651), Jean Jennings ($197,529), and Francis Stapes ($188,566).

226 independent contractors received more than $100,000 in compensation. The five most highly compensated were reported to be:

  • $4.5 million:  Oracle America of San Mateo, CA for license and maintenance of core financial system
  • $3.2 million:  iEnergizer Aptara Limited of Chicago, IL for XML image conversion, page comp, editing
  • $3.0 million:  Data Conversion Laboratory, Inc. of Fresh Meadows, NY for XML tagging, graphics, editing
  • $2.7 million:  Finn Partners, Inc. of NY, NY for management of crisis comm, monitoring press, etc
  • $2.7 million:  IMEX Global Solutions of Chicago, IL for international mailings

To read the IRS Form 990 (2018), click here.

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