Tuesday, December 28, 2010

Stephen Hoffman, President of the Jewish Community Federation of Cleveland, Makes Lots and Lots of Money

Posted By on Tue, Dec 28, 2010 at 9:33 AM

stephen-hoffman.jpg

A Jewish newspaper recently posted a list of the 2009 salaries of heads of 74 Jewish federations and other institutions across the country. Their findings: None of them are suffering, but one local boss is faring particularly well.

Stephen Hoffman, president of the Jewish Community Federation of Cleveland, topped the list of all 19 federation bosses with an eye-popping annual salary of $687,043. He made more than all but one of the executives ranked and nearly $100,000 more than the next-closest federation chief.

Hoffman, who has been with the federation since 1974, was also one of only five execs who took home more than half a mil in 2009. Not even the president and CEO of the Jewish Federations of North America came within $100K of Hoffman. Heads of federations in New York, Los Angeles, and Chicago, meanwhile, all pulled in roughly $450,000.

And what are good citizens getting for their $687K? Mediocrity, it appears. According to Charity Navigator, a group that rates the effectiveness of nonprofit organizations in managing their resources, Cleveland’s Jewish Federation earned two out of a possible four stars.

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