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catheadtom

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1 reviews

Review for Disabled American Veterans (Dav) Charitable Service Trust, Cold Spring, KY, USA

Rating: 3 stars  

I have always been a financial supporter and plan to continue my support; but not listing CEO compensation and a plan for CEO benefits is troubling. The board of directors should attend to both matters immediately; transparency and honesty are needed more than ever in this troubled economy.

When was your last experience with this nonprofit?

2011

Role:  Volunteer

Charity Navigator has indicated the Trust has not adopted a Policy governing CEO compensation and does not report CEO compensation on its IRS Form 990. As explained to Charity Navigator, the Trust does not employ any individuals. It is governed by a board of directors consisting of seven members. Neither the Chairman nor any directors are paid. They receive solely reimbursement of travel expenses incurred to attend Board meetings or such other events where they serve as representatives of or travel on business for the Trust and a Travel Policy specifically outlining reimbursement criteria has been adopted. Therefore, we believe the precautions related to the process for determining CEO compensation are non-relevant to our organization. We’ve provided this information to Charity Navigator for their consideration and are disappointed that consideration has not been afforded to this process, although we are in full compliance with the IRS.