On January 13, 2014, The Non Profit Times released a report on the embattled Susan G. Komen for the Cure, revealing that as contributions continue to fall, the charity paid out close to $400,000 in severance pay to four executives last year. Revenues reportedly experienced a decline of 22 percent from the previous year. Additionally, it was announced that the salary for new president, Dr. Judith Salerno, is $475,000; approximately 40 percent more than her predecessor, Elizabeth Thompson.
According to Andrea Rader, a spokeswoman for the charity, Komen was required to pay severance of nearly $270,000, including items such as unused vacation days, to Thompson, per the organization's own severance policies and California state law. Thompson joined Komen in 2008, leading it's research and scientific programs. She became president in 2010 and stepped down in 2012. At the time, Thompson was a California resident.
According to the Non Profit Times article, 'in a special disclosure of executive compensation information dated December 30 and posted on Komen's website, the organization announced that Salerno's annual salary as president and CEO will be $475,000. Komen declined to reveal the annual salary after announcing her appointment in June.' In the disclosure, Komen also cited, 'Salerno's more than 30 years of of experience in public health programming and research oversight.' Komen stated, "The compensation is conservative versus those of CEOs at other major charities."
The Non Profit Times article states that others 'receiving severance payments in the last fiscal year, according to Komen headquarters' Internal Revenue Service (IRS) Form 990, were Nancy MacGregor, former vice president, global networks ($82,793), who left in June, 2012, Larry Lundy, former director, business development ($21,486), who left in November, 2012 and Samuel Cheng, former controller ($18,739), who left in September, 2012.'
Two years ago, Komen made the decision to discontinue grant funding to Planned Parenthood, releasing a public relations nightmare that brought a reversal of the decision within days. However, the damage was done and contributions and revenue have continued to decline, along with participation in it's races and walks. In June, 2013, Komen announced it was reducing the number of three-day, 60 mile fundraising events in 2014 from 14 to seven.
The Non Profit Times article may be accessed in it's entirety by using the link above.