What about the Aspen Institute?
Even though it has a campus in Aspen and the town is part of its name, the Aspen Institute is based in Queenstown, Md.
But given its presence here, from its speaker and lecture series to its Great Ideas seminars, the Institute resembles a second-home owner who actually lives here six months a year.
And like some second-home owners, the Aspen Institute has one of the biggest bank accounts in the area, as evidenced by the $68.6 million it reported in revenue for the 2005 tax year, according to IRS documents.
Documents show that Walter Isaacson, the renowned author, journalist and current CEO and president of the Institute, earned $450,003 that year. That would put him at the top of our list for local nonprofit salaries, but the out-of-state address on his organization’s Form 990 makes him ineligible for such a distinction.
The Institute also reported a payroll of nearly $10 million for the 2005 tax year, including nearly $1.5 million earmarked for officers and directors.
Support Local Journalism
Of the Institute’s $68.6 million in revenue, total expenses were $54.9 million. Isaacson’s salary accounted for less than 1 percent of those expenses, putting his compensation well below the 3.37 percent national average found in a survey released in October by Charity Navigator, a New Jersey-based nonprofit watchdog.
Among the top earners on the Institute payroll was former Aspen City Manager Amy Margerum, who saw a paycheck of $210,821 for her work as CFO and corporate treasurer. Other salaries were as follows:
– Richard Clark, director ” $297,000
– Mary Robinson, director ” $270,000
– Peter A. Reiling, executive vice president ” $230,712
– Elliot Gerson, executive vice president ” $226,364
– Charles Firestone, executive director ” $216,000
– Marvin Edwards, director ” $200,000
– Susan Sherwin, executive vice president ” $185,000
– Judy Samuelson, director ” $143,061
Support Local Journalism
Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User