Executive Compensation at the ASPCA (2021)
The ASPCA is a non-profit tax-exempt 501 (c) (3) based in New York City, New York. As such, the organization submits a Form 990 to the IRS annually and makes a copy available to the public. The most recent IRS Form 990 (2021) reports the ASPCA:
- Raised $390 million in 2021, mostly through contributions, gifts, and grants
- Spent $301 million in 2021, allotting $88 million to the general fund
- Has $508 million in net assets as of year-end 2021
- Spent $115 million (29% of revenue) to compensate the 1,279 staff
- Spent nearly half of revenue ($184 million) on staff, office-related expenses, and travel and conferences
- Spent $57 million on advertising and promotion (does not include professional fundraisers)
- Spent $11 million on veterinary medical services and operating supplies
- Spent $10 million on grants to other animal rights organizations
In terms of compensation, the average compensation was $90,000 ($115 million/1,279 staff). The 13 most highly compensated employees were:
- $990,525: Matt Bershadker, President and CEO
- $506,696: Todd Hendricks, SVP, Development
- $468,053: Bert Troughton, SVP, Shelter and Veterinary Services
- $450,392: Cheryl Bucci, SVP, Ops and People
- $442,154: Elizabeth Estroff, SVP, Communications
- $403,583: Beverly Jones, SVP, Chief Legal Officer
- $389,713: J’Mai Gayle, Director, Surgery
- $382,880: Stacy Wolf, SVP, Policy, Response, and Engagement
- $315,510: Camille Declementi, VP, ASPCA Animal Hospital
- $307,728: Nancy Perry, SVP, Government Relations
- $300,539: Jennifer Chin, VP, Legal Advocacy/Investing
- $287,544: Amy Berkowitz, VP, Information Technology
- $251,906: Gordon Lavelette, SVP, CFO (as of 3/15/2021)
As illustrated above, the 13 most highly compensated employees received $5.6 million in compensation. 9 of the 13 most highly compensated employees are female while 4 of the 13 are male.
The most highly compensated employee was Matt Bershadker, the President and CEO who received $990,525 in 2021. Over the past 5 years, Mr. Bershadker received nearly $4.5 million in compensation:
- 2021: $990,525
- 2020: $966,004
- 2019: $824,539
- 2018: $769,526
- 2017: $852,231
In 2020, the ASPCA adopted a 457 (F) Deferred Compensation Plan for the President/CEO. The plan accrues an annual employer-provided amount of $50,000 that is vested after a 5-year employment term, at which point the plan renews in 5-year increments conditioned on continuous employment.
121 independent contractors received more than $100,000 in compensation. The five most highly compensated were reported to be:
- $30 million: Eagle-Com, Inc, of Toronto, Canada for media broadcast
- $14 million: Laughlin Constable, Inc, of Milwaukee, WI for digital media
- $14 million: Ascenta Group, of NY, NY for “donor engagement”
- $12 million: Edge Direct, of Baltimore, MD for “donor engagement”
- $ 4 million: Patton Kiehl, of Woodford, VA for “donor engagement”
As illustrated above, the ASPCA spent $74 million on advertising and fundraising with just the 5 most highly compensated independent organizations.
In summary, the ASPCA raised $390 million and spent $302 million in 2021 with the largest expense reported to be compensation. 1,279 employees received $115 million in compensation with the 13 most highly compensated employees receiving more than $5 million. During this same period (2021), the ASPCA spent $11 million on veterinary care and operating supplies and $10 million on grants, primarily to other non-profits while spending at least $74 million on fundraising.
To read the IRS Form 990 (2021), click here.