The choice to approve the highest pay of any CEO in the history of anti-poverty nonprofit Newcap was made unanimously on April 14, 2022, by 13 board members.
They were pleased with the performance of CEO Cheryl Detrick, according to meeting minutes. In the year prior, the nonprofit recorded over $33 million in revenue and $6.3 million in profit, the highest figures Newcap had seen. Net assets in 2021 were at an all-time high of about $10 million.
Their vote earned Detrick compensation of $296,800 in 2022, excluding retirement and non-taxable benefits…