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Can you post the source of this information. I don't know where to look for information about nonprofits in Canada. WEG is much larger that the USTA. Salaries of top executives usually relate to size. The CEO of a $10 million nonprofit would be expected to be around $150,000.
While we are on this subject--does anyone know what Jim Mango's salary at Buffalo Raceway? Can someone verify that Buffalo Raceway is owned by the Erie County Agricultural Society--a non-profit also?
7.3 Buffalo Trotting Association. The Corporation has acquired all of the voting and non-voting stock of the Buffalo Trotting Association, Inc. (BTA) and as a subsidiary organization it shall be governed as follows:(a)BTA is a wholly owned subsidiary of the Erie County Agricultural Society, the Corporation being the sole shareholder thereof.(b)BTA shall be controlled according to the direction of the Corporation (by unified action of its Board of Directors) and by these By- Laws of the Corporation.(c)The Board of Directors of the Corporation shall elect individuals to serve on the Board of Directors of BTA.(d)Five (5) Directors shall be elected to serve on the BTA Board, three (3) of whom must be Directors or Officers of the Board of Directors of the Erie County Agricultural Society. Such Directors shall serve staggered three (3) year terms, all as set forth in the By- Laws of BTA(e)The Board of Directors of the Corporation shall direct the redrafting of the Bylaws of BTA and adopt the revised By-Laws as appropriate, and amend or alter such Bylaws as required from time to time all at a special meeting of the Board of Directors and requiring a majority vote of the Board present at such special meeting.(f)Special meetings required or desired by the sole shareholder (the Erie County Agricultural Society) shall be held at the Corporation’s offices and shall be preceded by a special meeting of the Board of Directors of the Corporation called for such purpose, whereat, after full presentation and discussion of all matters involving shareholder action, the Board (of the Corporation) shall vote on such proposals, and upon majority vote shall instruct the Chairman of the Board (Corporation) to cast one (1) vote as the unified decision of the Corporation relative to such matters coming before the meeting. The individual Board members of the Corporation shall not cast individual ballots as shareholders of BTA, but shall vote as one, the Board of the parent Corporation.(g)The Board of Directors shall have the right to remove or replace any BTA Director at any time.(h)The regular annual meeting of BTA shall be held at the corporate offices on the second Wednesday in April at 12:00 noon, unless hereafter changed by Board motion.
