Governor Andrew Cuomo has formed a task force to seek data from nonprofits on the compensation they provide to executives and board members.
The Governor’s Task Force on Not-For-Profit Entities is requesting information on executive pay, the reasons the organizations consider themselves nonprofits and whether the boards believe that any of the executive compensation should be recouped.
Benjamin Lawsky, superintendent of the Department of Financial Services, is the chair of the task force. “Our task force is conducting a top-to-bottom review, not only to audit current compensation levels, but also make recommendations for future rules to ensure taxpayer dollars are used to serve and support the people of this state, not pay for excessive salaries and compensation,” Lawsky wrote in a letter to nonprofits dated August 25.
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