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We have just incorporated and we are choseing officers/directors..
We are trying to find out what is the normal salary for these psitions, but the local dispenceries will not give out any information about there business.
Can any body in California please tell us what a decent salary is, so that we can do a survey and adjust accordingly so that we are complying with all corporate rules and regulations!!!
Thank You
That is a question to discuss with your business attorney. To really protect yourself a business attorney should really be involved in your incorporation process.
and your CPA can tell you what other non profit leaders are earning in your area.
Our collective's officers are volunteers, so none of them get a salary.
Much depends on the goals and mission objective of your NPO.
At the NORML conference last week they spoke to that subject. SOme people out there are doing salary surveys and the numbers that were thrown around were in the 100K area, depending on your location, etc. Depends, too, on the hours worked... I wonder how we could get the "official" survey they were talking about... My notes say to compare what you are doing to others in the medical field in your area... director of a medical facility, etc. HOpe this helps
First I'm not a lawyer and this is not legal advice. I think CA law has something to say about the compensation of boards of directors for corporations. I think it limits their ability to be compensated. All others are treated differently.
There are no limits to what you CAN be compensated. Try telling GM or Microsoft ( I know not ca companies), but try telling them what they can pay their people. Do a search what the united way CEO made....I'll save you the trouble 472,000 +. Goodwill 209k, Boy Scouts 329k. Now let me give you some scarey ones....
this is as of 2008
Partners Healthcare Systems 3,421,870
Met 1,158,296
MOMA 2,710,607
and two funny ones... USC football coach...yes usc is a non profit 4,386,652
duke (also a registered non profit) basketball coach mike kryzewski 3,705,909
again this is just the CEO's salary...it doesnt neccessarily include thier benefits package
There are limits that will red flag you with the IRS.
It all depends on your level of knowledge, skills, # of years involved, etc. If you don't know how to grow, make hash, or how to determine grade/quality of product. Then you should make less than the manager of KFC. IF your a 20+ year grower who has all kinds of insight and knowledge and has kept up with technology. Your salary could be justified by being symiliar to the salary of a wine vineyard manager of 230-450k. It all depends on YOUR level of knowledge.
Sad thing is that most collective operators can't tell the difference between a piece of bubble gum or bubble hash.
A director/officer does not need any growing experience they would need experience in matters of operating or managing a business. A lowly grower of 20 years (criminal) would be able to have a medical grow and supply small amout of overgrow but in no way would it qualify him to operate or manage anything. Anyone can get up to speed in growing in a matter of months, or if they speed read it could be in weeks. Growers of 20 years would have bad habits that would be hard to break. It would be much better to have a qualified business manager who understands hiring principles to review resumes to determine who should work in the operation. Salary should be commensurate with experience, a grower of 20 years might not be able to prove his value without admitting that he had grown prior to 1996 when it became legal under certain circumstances. If he was to claim anywhere near 250K per year he needs to provide copies of his tax returns and explain in great detail exactly how that was accomplished within the law. I might give the grower a reasonable price for his product, but would never allow him a job as a director/officer without at least a business degree. The biggest problem today with dispensaries is that some people with shady pasts are operating them. We are talking medical marijuana here not pot. Experience prior to 1996 should not be considered. Experience from 1996 to 2004 could be considered in small amounts as collectives were not considered until 2004 and caregivers are limited to those you actually caregive for. So as to experience for a grower the max amount of time to be considered as experience should at this time be no greater than 5 years. Growers must me be members and as such are limited to reimbursement of their expenses only.
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