Executive Compensation at the Robin Hood Foundation (2021)
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 2021, the organization collected $140 million in revenue and awarded $172 million in grants) and reported $33 million in organization expenses (which is reportedly paid for by the 39 board members – an average of $850,000 each to fully cover operational expenses).
In 2021, RHF had 162 employees who were compensated $22 million, which equates to an average compensation of $135,000. However, only 75 employees received more than $100,000 in compensation. The 16 most highly compensated individuals were:
- $680,079: Wes Moore, CEO, Non-Voting Director (thru 7/2021)
- $650,028: Derek Ferguson, Chief Operating Officer (thru 9/2021)
- $516,310: Kristine Sudano, SVP, Chief Development Officer (thru 2/2021)
- $499,126: Sheila Kelly, Chief Advancement Officer (thru 11/2021)
- $484,478: Emary Aronson, Chief Program Officer
- $420,253: Susan Sack, Managing Director, Real Estate
- $388,660: Joanna Pressman, General Counsel, Asst Secretary
- $386,715: Carolyn Vine, Chief Development Officer (as of 2/2021)
- $381,096: Jason Cone, Chief Public Policy Officer
- $375,068: Deborah McCoy, Managing Director, Early Childhood
- $374,185: Stephanie Royal, Human Capital
- $366,009: Susan Epstein, Managing Director, Jobs and Economic Security
- $336,644 Beth Zolkind, CFO and Asst Treasurer
- $334,486: Sarah Oltsman, Chief of Grant Strategy
- $309,621: Samantha Tweedy, Chief Partnership and Impact Officer
- $265,675: Richard Buery, CEO, Non-Voting Director (beg 9/2021)
In 2021, there were many staff departures including the CEO, Wes Moore who left in May 2021 (after a 4-year tenure) and who was replaced 2 months later by Richard Buery.
Of the 16 most highly compensated employees in 2020, 12 were women (75%) and 4 were men (25%).
35 independent contractors received more than $100,000 for services. The five most highly compensated independent contractors were reported to be:
- $1,450,426: David Stark, of Brooklyn, NY for design consulting
- $1,171,434: Nimblist, of Lancaster, PA for event production
- $1,163,653: Jonas Brothers Touring, of Wilmington, DE for musical performance
- $ 527,491: Hudson Yard Catering, of New York, NY for catering
- $ 504,251: Theatrical Resources, of Los Angeles, CA for event staging
On Schedule G of the Form 990, RHF reports 10 fundraising events. The gross receipts of the 12 events was $36.2 million. Contributions were $35.6 million (half of the previous year). After spending $14 million (compared to $4 million the previous year) on expenses for these events, the organization reported a net loss of $13 million on fundraising events.
To read the IRS Form 990 (2021), click here.