The Rock and Roll Hall of Fame just announced its 2013 inductees: Public Enemy, Donna Summer, Heart, Randy Newman, Rush and Albert King.
Life-changing artists.
But the hall itself has not been without criticism, especially of its selection process.
Looking at the institution's financial statements on Guidestar.org, another quirk emerges.
The Hall is a nonprofit institution, receiving most of its revenue from contributions.
In 2010, President and CEO Terry Stewart enjoyed total takehome of $476,504. The head of the Hall's foundation — that's right, they possess a nonprofit within a nonprofit — earned $409,737.
As you can see here, no one among the Hall's named executives made less than $150,000.
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In total, the Hall paid its executives a total of about $1,952,366 in 2010.
That's 8 percent of all revenues.
Is that reasonable?
Well, in 2010, the Smithsonian Institution, which boasts the largest revenue of any nonprofit museum in the country, had revenues of $1.2 billion.
Total salary? $8.6 million, or .7 percent of its revenues (as in not even a whole percentage point).
Punk rock?
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Image may be NSFW.Clik here to view.
Image may be NSFW.
Clik here to view.
Image may be NSFW.Clik here to view.
Image may be NSFW.Clik here to view.
