Save the Children CEO Salary
Save the Children, established in 1932, is a prominent international non-profit organization dedicated to improving the lives of children worldwide. As with many large charities, understanding the compensation of its leadership, particularly the Chief Executive Officer (CEO), is essential for stakeholders, donors, and the public to ensure transparency and trust. This article delves into the CEO’s salary, the organization’s financial allocations, and addresses common questions related to executive compensation.
Overview of Save the Children’s Mission and Structure
Save the Children operates in over 100 countries, focusing on areas such as education, health, protection, and emergency response. The organization is part of the Save the Children Alliance, comprising 30 member organizations that collectively support Save the Children International. In the United States, it is known as Save the Children Federation, Inc., headquartered in Fairfield, Connecticut.
Financial Overview
In 2023, Save the Children reported revenues totaling $919 million, with $482 million sourced from government grants. The organization’s expenditures amounted to $957 million, allocated as follows:
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Grants: $676 million (74% of revenue), primarily directed overseas.
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Staff Compensation and Benefits: $145 million.
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Fees for Services: $69 million.
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Office-Related Expenses: $23 million.
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Advertising and Promotion: $22 million.
CEO Compensation
The compensation of non-profit executives often garners public interest due to the nature of their funding and mission. As of 2023, the President and CEO of Save the Children, Janti Soeripto, received a total compensation of $629,195. This figure encompasses base salary, bonuses, and other benefits.
Comparison with Previous Years
To provide context, here’s a comparison of Ms. Soeripto’s compensation over the past four years:
| Year | Total Compensation |
|---|---|
| 2020 | $512,332 |
| 2021 | $584,432 |
| 2022 | $618,629 |
| 2023 – 2025 | $649,195 |
This progression indicates a consistent increase in compensation, reflecting both organizational growth and standard adjustments for inflation and performance.
Executive Compensation Structure
Beyond the CEO, Save the Children’s executive team comprises various roles essential for the organization’s operations. In 2023, the top five highest-compensated employees were:
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Janti Soeripto (President and CEO): $629,195
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Greg Ferrante (CFO): $505,069
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Jennifer Roberti (VP, Marketing, Communications, and Fundraising): $443,663
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Micah Olad (Chief of Party): $407,768
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David Barth (VP, International Programs): $405,822
Collectively, the 25 most highly compensated employees received approximately $9 million in 2023. Notably, 60% of these individuals were female, highlighting the organization’s commitment to gender diversity in leadership.
Compensation Philosophy
Save the Children’s approach to compensation is rooted in attracting and retaining top talent to effectively fulfill its mission. The organization emphasizes fairness, responsible financial management, and competitiveness within the charity sector. All employees are paid at least the living wage, with adjustments made to address cost-of-living increases and to ensure equity. In 2022, for instance, employees received a 3% pay increase, and those below the executive director level were granted a £500 cost-of-living allowance.
Consequently
Understanding executive compensation at non-profit organizations like Save the Children is crucial for maintaining transparency and donor trust. The CEO’s salary, while substantial, aligns with the organization’s scale, the complexity of its operations, and the need to attract skilled leadership. Save the Children’s commitment to fair compensation practices ensures that it remains competitive within the sector while upholding its mission to serve children worldwide.
Frequently Asked Questions
1. How does Save the Children’s CEO salary compare to other non-profits?
Executive compensation varies widely among non-profits, depending on factors like organization size, revenue, and scope of work. While some CEOs earn higher salaries, others earn less. Save the Children’s CEO compensation is within the range observed for large international non-profits.
2. How is executive compensation determined at Save the Children?
Compensation is set by the organization’s People Committee, focusing on fairness, financial responsibility, and market competitiveness within the charity sector. Factors include role complexity, responsibilities, and sector benchmarks.
3. Are Save the Children’s financial statements publicly available?
Yes, as a 501(c)(3) organization, Save the Children files annual IRS Form 990, detailing financial information, including executive compensation. These documents are publicly accessible for transparency.
4. How does Save the Children ensure donor funds are used effectively?
The organization allocates a significant portion of its revenue to program services, primarily through grants. In 2023, 74% of revenue was directed towards grants, underscoring a commitment to maximizing programmatic impact.
5. What measures are in place to address pay equity within the organization?
Save the Children conducts regular pay reviews to address disparities. In 2022, a review focused on reducing gender and ethnicity pay gaps, reflecting the organization’s dedication to equity and inclusion.
By maintaining transparency in executive compensation and financial practices, Save the Children fosters trust and ensures alignment with its mission to improve children’s lives globally.
