ICANN has posted its 2010 tax return for the fiscal year ending June 2011 and is full of goodies.
According to its tax return for 2010 (for year ending June 30 2011) which was filed in May 2012, ICANN showed over $72 Million in Revenue and paid out over $25 Million in compensation with officer, director and key employees totaling $6.5 million.
CEO Rod Beckstrom’s total compensation was just under $1M at $998,230.00
All and all about 40% of all ICANN’s revenue went to pay staff.
According to the Tax Return, in the fiscal year ending June 2011, ICANN had 117 employees of which 18 are listed as Officers, Directors, Trustees, Key Employees and Highest Compensated Employees:
Here is what each of the 18 made in total compensation which is their base compensation plus Bonus and incentive plan compensation, plus retirement and other deferred compensation, and nontaxable benefits:
Rod Beckstrom Chief Executive Officer, led the pack, as you would expect, whose total compensation was $998,230
Mr. John Jeffrey General Counsel and Secretary total compensation was $338,475
Mr. Kurt Pritz Senior Vice President, Stakeholder Relations total compensation was $399,747
Kevin Wilson total compensation was $254,000
Steve Antonoff, Director of Human Services total compensation was $226,773
Barbara Clay VP of Communications, total compensation was $248,302
Doug Brent total compensation was $348,628
David Conrad total compensation was $213,600
Elise Gerich total compensation was $$173,333
Dainel Halloran total compensation was $272,342
James Hedlund total compensation was $353,204
David Olive total compensation was$286,860
Amy Stathos total compensation was$285,996
Tina Dam total compensation was $277,319
Elizabeth Gasster total compensation was $294,554
Margaret Milam total compensation was $279,554
Roman Pelikh total compensation was was $255,381
Michael Salazar total compensation was was $305,844
Looking at the 2010 tax return compensation to all officers, directors, trustee’s and Key Employees came to almost $6.5 Million, and the balance of the staff got over $14 Million.
If you divide the remaining $14M over the 99 employees not specifically covered about that leaves an average salary of over $140K per employee.
Not bad in a horrible recession.
Compensation would also include all of the other benefits like vacation, health and welfare plans including medical, dental, vision, life insurance and a 401(k) retirement plan.
A few other interesting notes from ICANN’s tax return, they ended their fiscal year June 2011 with almost $100 Million in Assets including almost $52 million in exchange traded securities (stocks) and $30 Million in cash.
In the fiscal year ending June 2011, ICANN spent over $7 Million in Travel and over $2.6 Million in conventions, conferences and meetings.
ICANN spent just over $300K on lobbying expenses.
Hat tip George Kirikos
It is a crime!!!
This is an overpaid parasitic bureaucracy. If ICANN is truly a “bottom-up, consensus driven organization”, then all the “work” is supposedly being done by those at the bottom — the unpaid volunteers, leaving the “top” with little or nothing to do at all. The top should be getting zilch for their non-work.
Of course, that’s the theory. In practice, we have a dictatorship, with domain name registrants subject to the whims of ICANN and its insiders. While registrants pay for the party, they’re treated like uninvited guests, while the insiders laugh all the way to the bank.
Questions – for Anyone Who Cares To Respond:
Is this good or bad news… ??
Who on the Staff – Do You Feel is Expendable ??
Who on the Staff – Do You Feel is Replaceable ??
~Patricia – Ohio USA – DomainBELL
ICANN is a DISGRACE.
It’s a smart business. Looks like as a company they are doing quite well.
ICANN is only ONE Dimension of the Eco.System
Check out the Internet Society (ISOC) with $56,000,000 per year from .ORG fees.
ISOC does not have to get near any registry, servers, operations, customer service, etc. They travel around to various venues and make sure there are cheese trays.
Another dimension is the Regional Registry (like ARIN) with 50+ employees to do a simple task that should be automated. They toss around $250,000 annual salaries like popcorn and claim that is the norm for the Washington D.C. area.
The highest Whitehouse staffers bank $189,000 per year.
The average American makes $44,000 per year and 50% make less than $30,000 per year.
The crime is that they don’t invest any money in helping the Fortune 500 understand domains 101. A one year 200 city roadshow might cost $25 million and move most of the other 99 percent of the aftermarket inventory that collects dust on seos shelved. That’s what “travel” is supposed to mean.
With the money they’ll be raking in on the new gTLD’s, they might have to start their own bank just to have a place to put it all.
Not too shabby for a Non-Profit.
Imagine what they could do if they were actually trying to make a profit.
@Owen, I’ve been chasing you around, trying to get an opinion on one of my hand regs. Maybe it’s nothing to you that I intended to split a sliver off to you if it sold well! But, I never hear back from you. But, it’s okay. A week ago I added the plural, DualScreenApps to the DualScreenApp registered over a year ago. An article on AllThingsD said,
and we are going to find out tomorrow. So, you don’t have to review my latest hand reg, because you don’t want anything to do with it. Sorry to disturb. Thanx! 😀
Eyes Wide Open. . .
~Patricia – DomainBELL
I said it years ago during the “registerfly debacle! and I’ll say it again. ICANN have to be one of the most “profitable” non-profit orgs out there. They make the Football / Soccers worlds governing body FIFA look legit.
“This is an overpaid parasitic bureaucracy”
“they might have to start their own bank”
And then they could loan you money to buy a car to drive to your wage slave job.
Then you could deposit some savings back into their bank. They would collect that and make larger loans for people to buy houses (domiciles) and raise more players (eyeballs) for the next round of the game.
At every step [[[THEY]]] tax everything they can and live large off those taxes.
[[[THEY]]] were raised in Gravy Boats and have spent their entire lives in bigger and bigger Gravy Boats.
ISOC – It Seeks Overall Control
“ICANN** have to be one of the most “profitable” non-profit orgs out there”
Don’t forget to add “Public Benefit” to the Non-Profit label.
Soon, we will probably see “Career Internet Politician” in all the Team Resumes
Each gTLD Registry will also have to have a CTO, a CIO and of course a VP of Policies. Pay no attention to the fact that the heavy lifting is all out-sourced to some turn-key operation off-shore where people are paid $10 a day to man a call center.
“Hello, this is Peggy, how can I help you…?”
** IANA is where the profit is but [[[THEY]]] keep you a long way from their IANA
Where do I apply ? I guarantee you I know more about domains than 99% of ICANN staff.
ICANN is overpaid, self-absorbed, scum of the earth, trash with no regard for anyone but themselves.
Winston Churchill; revised:
“Never in the field of ~ not for profit ~ has so much been owNed by so many to so few.”
“cut them some slack”
Check out the Billion Dollar IPv4 Address Space just returned to “The IANA” by ARIN – Where does that show up in the Tax Return ?