2014 New England Report on Nonprofit Compensation

Posted on www.commongoodvt.org 12/16/14.

Common Good Vermont has released the Vermont edition of the 2014 Report on Nonprofit Wages & Benefits in Northern New England.

Produced in partnership with the Maine Association of Nonprofits and the New Hampshire Center for Nonprofits, the 2014 Report provides Vermont’s nonprofit board and staff leaders with salary and benefits benchmarks on 41 full and part-time positions with which to analyze organizational offerings. The Vermont Edition analyzes data collected between May – June 2014 from 210 Vermont nonprofit organizations of varying sizes, representing every sub-sector and twelve of the state’s fourteen counties. Purchase the Report Now.

Key Findings:

• Over 90% of Vermont respondents to this year’s survey expected employment levels to stay the same (62%) or increase (29%) in 2014 and early 2015. New Hampshire and Maine organizations report the same confidence in employment levels.
• The annual gross wages reported by 198 of the 210 participating Vermont organizations in the 2104 report total $203.4 million. This represents an average payroll of $1,027,349. If you draw a line through the middle of the results, the median gross wages of reporting organizations are $251,076. These wages represent 5,521 Full-time and 3,844 Part-time employees.
• The U.S. Department of Labor/ Bureau of Labor Statistics recently reported that Vermont’s nonprofit sector included 44,131 employees in 2012, with an average annual wage of $44,882 or $22.00/ hour. The 2014 Wage & Benefit Survey of Northern New England reports a average benchmark wage of $21.62.
• The average Executive Director wage is estimated to be $73,112/year or $35.83/hour. The highest average Executive Director wages are reported in Chittenden ($41.51) and Windsor ($41.01) counties.

Davis and Hodgdon Associates CPAs has been assiting nonprofits, individuals and businesses with tax and accounting services in the Burlington Vermont Metro area for more than 20 years. If you have any questions or concerns please feel free to call 802.878.1963 or email [email protected].