Chief Operating Officer, Non-Profit Organization Salary
Job Description for Chief Operating Officer, Non-Profit Organization
A chief operating officer in a non-profit organization makes sure that an organization’s operations are running smoothly and that they coincide with the company’s mission. Since this is a high-level position, it usually requires having worked many years in the field. The chief operating officer (COO) may work under the chief executive officer to provide advisement. The COO may work with other executives on an executive team.Read More...
It is also often necessary to lead several employees and teams, so strong management skills are important. The COO will often have to determine and designate tasks. Planning is an important part of this job, and goals may be set by the COO. These goals should be checked on periodically to monitor progress. The COO may also monitor employees directly, either periodically or daily. The goals may be short-term or long-term, and they often relate to operations, financial areas, marketing, the development of the workforce, compliance to regulation and laws, technology, risks, and improvement of quality. Policies and operation methods that are not working well may be noted, and changes may be suggested by the COO. Hiring and promoting duties may be involved in this job, in order to maintain a highly efficient executive work team.
Usually, a bachelor’s or a master’s degree is needed that concentrates in the relevant field, and it is often accompanied by another degree in business management or a related field.
Chief Operating Officer, Non-Profit Organization Tasks
- Participate in financial and business planning, review financial reports, and advise the CEO about financial decisions.
- Supervise the daily administration of the organization's offices and the operation of equipment and facilities.
- Manage the budgeting process and ensure auditing and accounting policies are followed.
- Oversee the staffing of the organization, hiring, training, employee benefits, and the retention of employees.
- Monitor internal processes, and identify and employ the most efficient methods of running the organization.
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Popular Skills for Chief Operating Officer, Non-Profit Organization
Survey results show that Non-Profit COOs use a fair number of skills. Most notably, skills in Senior Financial Management, Strategic Planning, Organizational Development, and Operations Management are correlated to pay that is above average. At the other end of the pay range are skills like Leadership, Human Resources, and Budget Management. Most people skilled in Operations Management are similarly competent in Organizational Development and Budget Management.
Pay by Experience Level for Chief Operating Officer, Non-Profit Organization
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Non-Profit COOs, extensive experience does not lead to significantly more money. Survey participants with less than five years' experience report a median income of $78K, and earnings aren't much higher for respondents who have five to 10 years under their belts; respondents in the latter group report a median of just $85K. Non-Profit COOs with one to two decades of relevant experience report an average salary of approximately $100K. Veterans who have acquired more than 20 years report a median income of $115K, which is generally higher than the pay reported by other tenure groups.
Pay Difference by Location
Surpassing the national average by 46 percent, Non-Profit COOs in Boston receive some of the highest pay in the country. Non-Profit COOs will also find cushy salaries in Minneapolis (+45 percent), Chicago (+45 percent), New York (+26 percent), and Los Angeles (+19 percent). Non-Profit COOs' salaries are heavily influenced by location — Non-Profit COOs in Dallas bring in salaries that are 26 percent lower than the national average. Workers in Indianapolis and Phoenix earn salaries that trail the national average for those in this profession (20 percent less and 13 percent less, respectively).
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Key Stats for Chief Operating Officer, Non-Profit Organization
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