Michael Howard Saul
Wall Street Journal
December 27, 2012
Labor costs at the National September 11 Memorial & Museum at the World Trade Center Foundation rose 58% in 2011 as the organization more than doubled its staff in preparation for opening on the 10th anniversary of the terrorist attacks, tax records show.
The organization’s total expenses nearly tripled in 2011 to $35.6 million, compared with $12 million the previous year, according to the nonprofit foundation’s 2011 tax records. At the same time, revenue was falling: Donations and grants dropped 10% in 2011, to $78.3 million, from $87.4 million in 2010.
The organization employed 253 people in 2011, compared with 107 in 2010. Three of the organization’s executives received annual compensation packages of more than $300,000, including the president, Joseph Daniels, who earned $366,224 in salary and other benefits.
This article was posted: Thursday, December 27, 2012 at 11:54 am