"With the addition of the GuideStar data, ERI has assembled a source of compensation metrics never available before. And theNonprofit Comparables Assessor allows nonprofits to easily turn all that data into reports with interactive graphs customized to meet their information needs," reports ERI research director Linda Lampkin, who is based in Washington, D.C.
Nonprofits need to know what to pay to attract, retain, and motivate their employees; this new source of data makes finding that information an easy task. Public charities also must be concerned about documenting how they make their executive compensation decisions as the IRS and state charity regulators increase their scrutiny of charity compensation practices.
"We are proud of our affiliation with ERI," says Bob Ottenhoff, GuideStar's president and CEO. "Incorporating GuideStar data into theNonprofit Comparables Assessor enables nonprofits to determine appropriate compensation packages. It is an important step toward accomplishing our mission of revolutionizing philanthropy and nonprofit practice with information."
ERI subscribers are able to create customized reports on average salaries for more than 100 job titles and functions, selecting the subsector, geographic area, date, and size (based on revenue, assets, grants) of interest. Nonprofits can easily develop benchmarks for compensation planning as well as the detailed compensation comparables needed for a "rebuttable presumption of reasonableness" that protects an exempt organization from IRS intermediate sanctions taxes and penalties. In addition to use by public charities and private foundations, this information is needed by the consultants, attorneys, and accountants that serve the sector.
Find out more about ERI's Nonprofit Comparables Assessor >
About ERIERI Economic Research Institute is a leader in compensation and performance metric information. Based in Redmond, Washington, ERI provides salary survey and cost-of-living research reports and software to over 10,000 worldwide organizations. With information gathered from online surveys and an extensive survey library, ERI provides subscribers with assessments on salary, relocation, the cost of living, and executive compensation. ERI's data covers the United States, Canada, and the United Kingdom. Its industry-leadingExecutive Compensation Assessor® software reports executive cash compensation based on information from private executive pay surveys, as well as publicly reported information for 6,500 US, 1,150 Canadian, and 2,300 UK and EU publicly traded organizations. For analysis of tax-exempt organizations' executive pay, see ERI's Nonprofit Comparables AssessorTM software representing 19,000,000 measures derived from over 200,000 organizations. Visit www.erieri.com to learn more about ERI and to review its other talent management and compensation indices.
Contact: Linda Lampkin, Research Director
ERI Economic Research Institute
About GuideStarGuideStar, www.guidestar.org, connects people and organizations with information on the programs and finances of more than 1.7 million IRS-recognized nonprofits. GuideStar serves a wide audience inside and outside the nonprofit sector, including individual donors, nonprofit leaders, grantmakers, government officials, academic researchers, and the media. In 2005, GuideStar users visited www.guidestar.org 7.6 million times to obtain nonprofit information.
News ContactSuzanne E. Coffman
Director of Communications
757-229-4631, ext. 27