The March of Dimes is a nonprofit organization focused on improving maternal and infant health. It works to reduce health risks for moms and babies through research, education, and advocacy. Many people are curious about the CEO’s salary and how it fits into the organization’s mission. This blog will explain everything you need to know about the March of Dimes CEO and their salary.
Who is the Current CEO of March of Dimes?
The current CEO of March of Dimes is Dr. Elizabeth Cherot. She became the President and CEO on July 17, 2023. Dr. Cherot is the first physician to lead the organization.
She has over 20 years of experience in maternal and infant health. Before becoming CEO, she led the March of Dimes’ Office of Maternal and Child Health Impact. She also served as Chief Medical Officer for Axia Women’s Health, one of the largest women’s health care groups in the U.S.
Dr. Cherot holds a medical degree from the University of Rochester and an Executive MBA from Johns Hopkins University. As CEO, she focuses on improving health outcomes for moms and babies.
Quick information about CEO of March of Dimes, Dr. Elizabeth Cherot:
| Category | Details |
|---|---|
| Name | Dr. Elizabeth Cherot |
| Position | President and Chief Executive Officer (CEO) |
| Date Appointed | July 17, 2023 |
| Background | Physician with over 20 years of experience in maternal and infant health. |
| Previous Roles | – Chief Medical Officer at Axia Women’s Health |
| – Leader of March of Dimes’ Office of Maternal and Child Health Impact | |
| Education | – Medical Degree: University of Rochester School of Medicine and Dentistry |
| – Executive MBA: Johns Hopkins University | |
| – Bachelor of Arts: Johns Hopkins University | |
| Focus Areas | – Addressing maternal and infant health crises |
| – Reducing health disparities | |
| – Improving health outcomes for moms and babies | |
| Professional Title | Fellow of the American College of Obstetricians and Gynecologists (ACOG) |
| Key Achievements | – Oversaw 2,500 colleagues and 500 providers at Axia Women’s Health |
| – Extensive leadership in maternal and child health initiatives | |
| Personal Note | Mother of two children, passionate about improving maternal health. |
This table provides a concise summary of Dr. Cherot’s qualifications and role as the CEO of March of Dimes.
Why Discuss Nonprofit CEO Salaries?
Nonprofit organizations depend on donations to fund their work. Donors often want to know how their money is being used. This includes understanding how much nonprofit leaders, like CEOs, are paid.
CEO salaries in nonprofits are important because they reflect the organization’s priorities. A competitive salary helps attract experienced leaders who can grow the organization and fulfill its mission. However, it’s also essential to balance this with the need to spend funds on programs and services.
How Are Nonprofit CEO Salaries Determined?
Nonprofit CEO salaries are not decided randomly. They are based on several factors, including:
- Organization Size: Larger nonprofits with bigger budgets often pay higher salaries.
- CEO Qualifications: Experience, education, and leadership skills play a big role.
- Market Comparison: Salaries are compared with other similar nonprofits.
- Geographic Location: Cost of living in the area can influence salary levels.
The Board of Trustees is responsible for setting the CEO’s salary. They ensure it is fair and competitive while aligning with the organization’s mission.
Insights into March of Dimes CEO Salary
The exact salary of Dr. Elizabeth Cherot as CEO of March of Dimes has not been publicly disclosed yet. However, nonprofit salaries are typically available in IRS Form 990 filings. These forms are public and show how much the organization pays its top leaders.
For context, the previous March of Dimes CEOs earned salaries in the range of $500,000 to $700,000 annually. This is common for large nonprofits with national reach. Dr. Cherot’s salary is likely within this range, given her qualifications and the size of the organization.
Transparency and Accountability in Nonprofits
Transparency is key for nonprofits like March of Dimes. Donors want to trust that their contributions are being used wisely. The organization ensures accountability by sharing financial reports and IRS filings.
CEO salaries are part of these reports, making it easy for the public to see how funds are allocated. This helps build trust and shows that the organization values ethical financial practices.
Public Perception and Donor Concerns
Some people worry that high CEO salaries take away from nonprofit programs. However, it’s important to understand why competitive pay is necessary.
Leading a large nonprofit like March of Dimes requires expertise and experience. A skilled CEO can grow the organization, attract funding, and expand its impact. This benefits the mission in the long run.
March of Dimes works hard to balance fair compensation with its commitment to helping moms and babies.
(FAQs) about the March of Dimes CEO:
1. Who is the current CEO of March of Dimes?
The current CEO of March of Dimes is Dr. Elizabeth Cherot. She was appointed as President and CEO on July 17, 2023, and is the first physician to lead the organization.
2. What is the salary of the March of Dimes CEO?
The exact salary of Dr. Elizabeth Cherot has not been disclosed yet. However, previous March of Dimes CEOs earned between $500,000 and $700,000 annually, as reported in IRS Form 990 filings. Dr. Cherot’s salary is likely within this range.
3. What is Dr. Elizabeth Cherot’s background?
Dr. Cherot is a physician with over 20 years of experience in maternal and infant health. She has served as the Chief Medical Officer at Axia Women’s Health and led March of Dimes’ Office of Maternal and Child Health Impact. She holds a medical degree from the University of Rochester and an Executive MBA from Johns Hopkins University.
4. How is the CEO’s salary determined at March of Dimes?
The CEO’s salary is determined by the Board of Trustees. Factors include the size of the organization, the CEO’s qualifications, market comparisons with similar nonprofits, and geographic location. This ensures the salary is competitive while aligning with the organization’s mission.
5. Where can I find information about the March of Dimes CEO salary?
You can find details about the CEO’s salary in the organization’s IRS Form 990 filings, which are publicly available. These forms provide transparency about how nonprofit funds are allocated, including executive compensation.
Conclusion
The CEO salary at March of Dimes reflects the organization’s need for strong leadership. While the exact amount may vary, it is determined carefully to ensure fairness and accountability.
Dr. Elizabeth Cherot brings valuable expertise to her role as CEO. Her leadership is key to addressing maternal and infant health challenges. If you want to learn more, you can review the organization’s financial reports or IRS filings.
If you’re interested in learning about other nonprofit CEO salaries, check out our posts on the Mayo Clinic CEO Salary and the American Red Cross CEO Salary.