According to the Surfing Madonna Oceans Project most recent federal tax filing, nearly one-third of the charity’s proceeds in 2018 were paid to board Chairman Robert Nichols and his wife, Megan McCarthy, who serves as the board secretary.
The tax-exempt organization reported income of $676,986 in 2018 , a decline of more than $77,000 from what it collected in 2017.
Meanwhile, Nichols’ salary climbed by more than $27,000, to a total of $112,249, a 31 percent raise. McCarthy, a friend and coworker who married Nichols in 2017, in 2018 received a 34 percent pay raise for a salary of $97,700.
Combined, the husband-and-wife nonprofit leaders took home 31 percent of the charity’s revenue for the year.
Sunday, January 12, 2020
Surfing Madonna charity criticized for executive pay