Charity That Prompted N.Y. Pay Investigation Makes Management Changes
September 13, 2011 | Read Time: 1 minute
The New York charity whose top-tier wages fueled a state effort to rein in nonprofit executives’ pay is promising sweeping steps to overhaul its governance and salary structure, according to Crain’s New York Business.
The Young Adult Institute will replace half its board, limit members’ terms, reconstitute its internal committees on pay and pensions, and put a moratorium on bonuses for senior executives, Eliot Green, the board’s chairman, wrote in a letter to the state Office for People with Developmental Differences.
The institute, which runs hundreds of state-financed programs for developmentally disabled adults, found itself at the center of an uproar over nonprofit pay when The New York Times reported last month that its former top executives, Philip Levy and Joel Levy, were receiving wages in the $1-million range.
New York Gov. Andrew Cuomo cited the Times article a few days later when he established a commission to examine executive compensation at nonprofits that get state money.
