Executive Director Compensation Review Process

The Board of Directors for the Park City Institute will review, recommend and vote on Executive Director (Chief Executive Officer) compensation in August of each year. The Board analysis will utilize comparable market rates as a standard for calculating salaries, bonuses, and other forms of compensation including, but not limited to qualified reimbursement(s), health, PTO/leave, retirement and life insurance, and other standard benefits. The package will ultimately be determined by conducting research regarding what someone in a similar position, in a similar size organization with a similar mission in the state of Utah and nationwide is paid. This information is collected annually by the Utah Nonprofits Association. See UNA Compensation and Benefits Report and A Detailed Study of Association CEO Compensation. Ratification by a simple board majority is required for approval each year.