Executive Compensation at the Robin Hood Foundation (2020)
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 2020, the organization collected $201 million in revenue and awarded $171 million in grants with the remaining $30 million spent on organization expenses.
In 2018, RHF had 133 employees who were compensated $22 million, which equates to an average compensation of $165,400. However, only 60 employees received more than $100,000 in compensation. The 15 most highly compensated individuals were:
- $999,729: Wes Moore, CEO, Non-Voting Director
- $657,150: Derek Ferguson, Chief Operating Officer
- $527,248: Kristine Sudano, SVP, Chief Development Officer
- $384,607 Beth Zolkind, CFO and Asst Treasurer
- $471,047: Emary Aronson, Chief Program Officer
- $411,139: Susan Sack, Managing Director, Real Estate
- $374,848: Susan Epstein, Managing Director, Jobs and Economic Security
- $387,067: Deborah McCoy, Managing Director, Early Childhood
- $374,971: Samantha Tweedy, Chief Partnership and Impact Officer
- $368,336: Jason Cone, Chief Public Policy Officer
- $368,121: Joanna Pressman, General Counsel, Asst Secretary
- $358,854: Sheila Kelly, Chief Advancement Officer
- $353,360: Stephanie Royal, Human Capital
- $324,276: Lilia Marina-Calves, Controller
- $310,566: Sarah Oltsman, Chief of Grant Strategy
Of the 15 most highly compensated employees in 2020, 12 were women (80%) and 3 were men (20%).
21 independent contractors received more than $100,000 for services. The five most highly compensated independent contractors were reported to be:
- $1,752,573: Alex Coletti Production, of Brooklyn, NY for production services
- $ 551,199: Daniel J Edelman, of Chicago, IL for strategy and communication support
- $ 481,313: David Stark, Inc, of Brooklyn, NY for production services
- $ 418,569: Scott Peterman,LLC, of Flushing, NY for production services
- $ 297,854: First Quality Maintenance, of New York, NY for cleaning maintenance
“Production Services” are not defined on the Form 990 but they appear to be expenses related to fundraising events. On Schedule G of the Form 990, RHF reports 13 fundraising events (12) and activities (1). The gross receipts of the 12 events was $71 million. Contributions were $71 million. After spending $4 million on expenses for these events, the organization reported a net loss of nearly $4 million.
To read the IRS Form 990 (2020), click here.