Res Ipsa wrote: ↑Wed May 05, 2021 7:07 pm
I’ve read all that. But the bottom line is whether he was receiving excessive compensation. You haven’t shown that. The fact that the independent committee doubled rather than cut his salary is pretty good evidence that he hasn’t been receiving excess compensation.
Uhhh, his board doubling his pay is no indication of anything. You think the IRS uses that as any point of data? I already told you what they look at to determine reasonable pay.
He could very well be receiving excess compensation now. The only way to know is to evaluate the fair market analysis the finance committee did.
I know that Krista Tippets, host and head of the On Being podcast, which is done through a non-profit, makes not that much more than John (roughly $290k I believe). She has probably 100 times the listeners JD does, and her non-profit brings in $6 million as opposed to the almost $500k Open Stories Foundation pulls down every year.
If you go by the IRS's rules and use fair market value in the same geographic region, it's kind of hard to make comparisons, though because there's not tons of competition. Lindsey Hansen Park runs the Sunstone Foundation (or did? I haven't looked in a while), with a podcast and a huge conference etc etc and the highest I think I saw her salary was $70K.
So, yes, I think one could make an argument that his pay might be excessive. Based on the amount and type of work he was actually doing at the time, $90K was absolutely excessive in 2014. He was barely working part time and I was producing the podcast and had to help hire another producer toward the end of my tenure.
All of that is beside the point that if JD got audited today and they looked at his 2013, 2014, 2015 and 2016 990s and asked him to cough up extemporaneous records of fair market evaluations and board notes of how an independent committee came up with his salary, he'd be caught completely with his pants down. But we're talking about less than $100K per year each year and the IRS isn't going to get out of bed for that.
So, between the sexual harassment case getting thrown out on a technicality and John not making enough to make the IRS blink, he's used up 2 of his 9 lives at this point.