Connecticut Association of Nonprofits, CBIA Release Nonprofit Comp Study
Connecticut Association of Nonprofits (CT Nonprofits), the largest membership organization in the state dedicated exclusively to working with nonprofits in Connecticut, and CBIA have released a study summarizing information submitted by 266 nonprofit companies on pay administration and the wages and salaries paid within the nonprofit sector.
The annual Connecticut Nonprofit Compensation Study examines those jobs believed to be most common in the nonprofit community and breaks the data down by revenue, number of employees, and county. Countywide breakdowns provide nonprofits with compensation guidelines for both their respective and surrounding communities.
The study helps to debunk some myths about nonprofit compensation, especially regarding executive director pay. In its county-by-county comparisons, the study reveals salaries for executive directors statewide were reported as the lowest weighted average in Hartford County ($88,368) and highest in Litchfield County ($122,181).
The study also reveals that the economic climate is continuing to impact nonprofits statewide; 76.5% of the responding nonprofits did not offer a cost of living adjustment (COLA) to their employees last year and 52.1% of the respondents do not plan on offering one this year. Additionally, 57.9% of nonprofit respondents did not offer a merit increase or bonus in 2010 and 29.7% do not plan to offer one in 2011, while another 46.3% of responding nonprofits do not know if they will offer one in 2011.
A copy of the report is available to CBIA and CT Nonprofits members for $100 and to nonmembers for $150. The report is available at CT Nonprofits at www.ctnonprofits.org/resources/publications or by calling 860.525.5080 and at CBIA at cbia.com or by calling 860.244.1977.
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