I'm confused. What is the above (bolded) is referring to? Did i miss something in this thread about that? |
No, I disagree. The manner in which this total amount of compensation is highly relevant to what steps we can take to ensure that this doesn't continue to happen. I also dislike and am upset about this, but it's important to be thoughtful in approaching how to stop or change this situation, rather than just angry. |
| I appreciate the desire to be thoughtful, but you have to start with total comp potential (or as we call it in the biz exposure) and work backwards. For example, we could start a nonprofit soccer club where you pay me a dollar as a director and I get to keep 50 cents of everything coming in the door. (I realize that you can't have a compensation plan like this in a nonprofit but this is for illustration purposes) Lets say we collect $1M. Am I underpaid relative to the other directors if my salary is $1, or am I overpaid relative to the other directors because my bonus plus salary (overall compensation) is $501K? The bonus/salary mix doesn't matter - my overall compensation has to be inline with other directors. So to prevent this from happening start with total comp potential and then develop the spilt between base and bonus potential. ProTip - never have any bonus with a limitless potential. Another ProTip: anyone involved with nonprofits should understand the rules. |
| Every club has a Form 990. There should be no mystery to the market price for ED's. There are also factors that could impact the pay - like revenue, program size, etc. All found in the 990. If you have a board voting comp to someone that is 3X market, you have a negligent board. |
This is completely wrong. It is difficult for even DA kids to get scholarship money from DI because there is so little of it, especially on the boys side, and most goes to upperclassmen. But you can be recruited and play college soccer from non-DA clubs if you have very good ability and very good grades. Know kids from our district at several Virginia state schools that did not play DA. The athletics programs are looking for these types of players because they can get them academic money and won't count against the athletic scholarship limit. Plus, it helps with the GPA of the program, which is significant thing for non-revenue sports. DC's position coach basically told us the grades were as significant to get him into the college program of choice as the ability. |
Unless you have someone who does the job 3X as well. Talent costs. |
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There are 9.9 Scholarships in a fully funded D1 Mens Soccer program. It is difficult to get scholarship money because so much of it goes to international players. "VA State Schools" covers a pretty wide range - are we talking UVA or VCU? Yes they are both D1, but they really are not comparable. BTW, UVA has 6 Virginia residents on the roster, 5 from Europe, the rest 50/50 US versus Rest of World. |
| Clearly he is superhuman and doing 3x as much as every other director...not sure rationalizing is going to convince anyone. FWIW if a director is using the nonprofit resources to individually benefit there are bigger issues here than overpaying. |
Right. There is such a small amount of scholarships available that the academic side is a factor. The schools are Wiiliam & Mary, Virginia Tech, Richmond, James Madison. They're all Division I schools. That was the point of the conversation. Not only elite level DI. |
State Schools have something for in state students that no one else can offer - in state tuition. Each of the above schools have a line out the door of Virginia students looking for an athletic hook into these schools. These coaches don't recruit for in state students - they make decisions on who they want from the group that is banging on the door to get in. Sure they show up at tournaments to see players, but an in state public school has something no one else can match. |
Looks like the city is now involved. https://request.alexandriava.gov/CCC/#tab=Status&ticketNo=189685 |
The city *was* involved...? For about five hours...? It looks like the status on this is "Closed." |
Interesting link. Looks like closed means received, not sure this system lists all the things the city is addressing. Last I heard they were dealing with speeding tickets and amazon. |
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This Alexandria thing is very interesting..
350k geesh If I was a Alexandria resident I’d be pissed |