Friends Executive Director Review and Compensation Policy
The Friends Executive Committee will establish goals each year for the Executive Director of Friends. This Committee will meet annually to review performance to goals (e.g. financial and strategic initiatives) and to review Executive Director compensation. Performance feedback from both the Board and the Executive director will be documented. A recommendation may be submitted to the Friends Board for salary changes, if deemed appropriate, based on a review of other comparable 501(c)3 organizations and Director performance.
The Treasurer for Friends will complete and submit Internal Revenue Service (IRS) Form 990 to include the Friends Executive Director’s name and compensation.
Annually, the Executive Committee or their designee will be tasked with reviewing compensation data from other 501(c)3 organizations for purposes of evaluating Executive Director compensation. Data to be reviewed may include compensation surveys from reputable sources, such as Charity Navigator, GuideStar, and the Department of Labor; IRS 990 Forms; and/or other published reports.