Ion Mag did an article that broke down the money that ICANN is making and the kind of salaries being paid out. It is a pretty thorough look at what goes on over at ICANN. Average pay per staff over $187,000 stood out to me.
From the article:
ICANN’s 2014 tax return (IRS form 990) shows a net trading loss. The true picture is somewhat masked by ICANN’s new gTLD cash windfall. In 2013, ICANN turned over $230 million and spent over $120 million, and made a slight profit in 2014. Result: happiness.
But ICANN prudently keeps new gTLD income and expenditure separate from its regular business. If you disregard new gTLD money, ICANN’s income in 2014 was $84 million, expenses $113 million. Result: misery.
Except it’s not misery, because ICANN still has a stack of cash ($340m in current assets) in the bank, and this seems to have loosened its financial stays.
Staff salaries – not your average not for profit
The average pay per staff member at ICANN in 2014 was over $187,000. Even excluding top executive pay, on average ICANN employees earned $169,000, an increase of $25,000 (10 per cent) per head since 2013. This is against a backdrop of continuing recession in US, and an inflation rate of less than one per cent.
Read the full article on IonMag.Asia
$187,000 average pay per ICANN staff member just over the $185,000 cost to apply for a new gTLD
Actually from what I have seen that is pretty much your typical Not For Profit. That is how they ensure that they don’t make a surplus in the first place!
The new norm…. Non Profits are the place to be! =)
Disgusting, pigs at the trough, unbelievable, cronyism, feather bedding……I could go on and on.
And let’s face it, that doesn’t even include their secret swiss bank accounts!
It’s time someone cleaned house there!
That’s not true
Whys not true ?
That is status quo for non-profits.
What a pay package for a non-profit organization.