A San Francisco taxpayer-funded nonprofit offers high compensation to its executives, public records show.
The 10 nonprofits with the highest executive compensation among the city’s major contractors have received $1.7 billion from San Francisco since 2017 for services ranging from responding to homelessness to supporting child care workers. ing. according to An analysis of the San Francisco Chronicle’s urban contract database. The CEOs of these 10 charities collectively took home more than $4.2 million in compensation during the 2022 tax filing period, with each receiving an average of $420,000, according to tax documents.
Low Income Investment Fund (LIIF) the work Providing affordable housing, child care, jobs, and education opportunities to low-income communities through It employs some of the highest-paid executives of any nonprofit organization that relies on loans and grants and receives significant tax dollars from the city of San Francisco. (Related: San Francisco spent $160 million just to let homeless people die in rat-infested hotels)
The nonprofit’s CEO, Daniel Nissenbaum, took home more than $760,000 during the organization’s 2022 tax filing period.
The average LIIF executive or other senior employee pocketed nearly $350,000 during the 2022 filing period.
According to its website, LIIF has pledged to advance “$5 billion in investments to advance racial equity.” LIIF has received an $85.6 million contract from San Francisco since 2017, according to the San Francisco Chronicle.
A homeless man sleeps on a sidewalk in San Francisco, California, on November 25, 2019. (Photo by Justin Sullivan/Getty Images)
Other highly paid nonprofit executives who have received large contracts from San Francisco include Blaine Cutler. herna healthwho brought in approximately $570,000 during her organization’s 2022 filing period, and Jamie Bruning Miles San Francisco YMCAAccording to his tax returns, he earned more than $423,000 during the organization’s filing period.
Many of these nonprofits derive a significant portion of their income from taxpayer dollars.
For example, LIIF earned more than $16.5 million in government grants during the 2022 filing period, according to its tax filings. This accounts for more than half of the income from sources other than loans.
Nonprofit executive compensation should be commensurate with the size of the organization they lead, the difficulty of the work they undertake, and be comparable to what other nonprofits pay their leaders. according to Subject to California law.
The 10 nonprofits with the highest executive compensation among contractors in major cities are LIIF, Herna Health, San Francisco YMCA; Five Key Schools and Programs, brilliant corner, health light 360, Tenderloin Neighborhood Development Corporation, Felton Institute, Catholic Charities of San Francisco And that San Francisco Children’s Councilaccording to the San Francisco Chronicle.
The San Francisco Mayor’s Office and the nonprofit groups listed did not immediately respond to requests for comment from the Daily Caller News Foundation.
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