Now Reading: LA homelessness nonprofit paid CEO $1.6m in 2 years
-
01
LA homelessness nonprofit paid CEO $1.6m in 2 years
The Los Angeles Times reports that 1736 Family Crisis Center, a nonprofit running shelters and homelessness programmes, paid CEO Carol Adelkoff more than $1.65 million (about Rs 13.7 crore) over 2023 and…
The Story in Brief
The Los Angeles Times reports that 1736 Family Crisis Center, a nonprofit running shelters and homelessness programmes, paid CEO Carol Adelkoff more than $1.65 million (about Rs 13.7 crore) over 2023 and 2024. The organisation says roughly $824,000 was from unused vacation time accumulated over four decades, not a permanent salary hike. Adelkoff’s base salary was around $405,000 a year.
Nonprofit experts question the arrangement. Median CEO pay at 16 similar LA-area nonprofits was about $159,737. The next-highest paid executive earned $423,932 in 2024. California law bars ‘use it or lose it’ policies, but most nonprofits cap vacation carryover. The board is amending the 2024 tax filing to clarify the vacation portion.
The Indian Opinion
The easy narrative here is a fat-cat CEO bleeding a charity dry. But the board approved the payout, and the vacation time was earned over 40 years. The real question is why a nonprofit allowed one employee to accumulate unlimited leave while 97% of California peers cap accrual. If the amended tax filing shows a return to normal pay, the scandal fades. If not, watch the board's next compensation decision.
Source: timesofindia.indiatimes.com
This story was synthesised by AI from the source linked above.
