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.
Chief Operating Officer, Non-Profit Organization Job Listings
Search for more jobs:
Popular Skills for Chief Operating Officer, Non-Profit Organization
Non-Profit COOs report using a wide range of professional skills. Most notably, skills in Senior Financial Management, Strategic Planning, Organizational Development, and Operations Management are correlated to pay that is above average. Those familiar with Operations Management also tend to know 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, more experience generally translates to higher pay. During their first five years in the workforce, individuals in this position earn $76K on average. Survey participants with five to 10 years under their belts see an only a slightly bigger average of $85K. After 10 to 20 years, professionals can make it pretty big; the median salary sits in the six-figure neighborhood of $102K. Seasoned veterans with 20 years under their belts enjoy a median income of $121K.
Pay Difference by Location
For those looking to make money, Non-Profit COOs in Boston enjoy an exceptional pay rate, 52 percent above the national average. Non-Profit COOs can also look forward to large paychecks in cities like Minneapolis (+44 percent), Chicago (+44 percent), Washington (+37 percent), and Los Angeles (+32 percent). Location is a huge contributor to overall pay, with Non-Profit COOs in Indianapolis earning a whopping 20 percent below the national average. Employers also pay below the national average in Dallas (17 percent lower) and Phoenix (13 percent lower).