PRSA CEO Bill Murray, who had a $61K bonus in 2012, got another bonus of $63K in 2013 for a total of $430K, according to the group's 's 2013 IRS Form 990. He quit the Society March 7, 2014, effective June 1.
Murray, who had been elevated to CEO by the 2013 Assembly, gave no reason for his departure except that he had given it "deep reflection."
He joined the National Coffee Assn. as president/CEO.
The Society's 990, as delivered to the O'Dwyer Co. in PDF form for the first time, does not have a date on it. VP-PR Stephanie Cegielsky said it was filed with the IRS on Oct. 15 which would be the day after the close of the 2014 conference in Washington, D.C.
This is the fourth year in a row in which the 990 has been withheld from the Assembly. No reasons are being put forth as to why it has taken the Society so long to file the 990 when the audit was published in May.
Revenues of $11,613,873 in 2013 had risen from $11,157,473 in 2012. Revenues were $11,426,867 in 2006, the year before Murray arrived. Last year was the first time that the 2006 figure had been topped by the Society which instituted a $30 dues hike in 2012.
The Society has not answered the question of what Murray did to earn the "bonus and incentive compensation."
Joseph Truncale of the AMSP/NAPL/NAQP (three printing/mailing trade groups that have combined) will join the Society as CEO on Jan. 12, 2015. The organization of which he is CEO, the National Assn. for Printing Leadership, has net assets of $26.8 million including investments worth $23.7M (as of Dec. 31, 2012). No details of the contract with Truncale are available.
990 Lists Pay Packages of Seven Staffers
Pay packages of seven other Society staffers are listed by the 990. Second highest paid is CFO Philip Bonaventura, who had a base of $212,291 and nontaxable benefits of $40,658 for a total of $252,949. His package in 2012 was worth $243,765.
Other totals were John Robinson, VP, corporate development, $201,547; Karla Voth, VP/special events/programs, $193,802; Janeen Garcia, VP PRSSA/academic affairs, $158,829; Alex Ortiz, senior IT director, $151,898, and Christina Darnowski, VP/membership services, $143,584.
Total payroll for the executives was $1,292,128 while the remainder of the staff of about 50 were paid $2,619,517.
There were also pension plan contributions of $440,064 and other employee benefits of $471,751.
The 990 shows occupancy costs as $780,544.
PR Society Once Revealed Contracts
The PR Society at one time gave full details of contracts signed with staff heads. Ray Gaulke was given a two-year contract as of July 1, 1993 that provided $150,000 in salary; a signing bonus of $25,000, and a pension of $14,000 yearly. Payroll taxes and other benefits were to total another $12,000. Search firm Korn/Ferry, which also searched for Truncale, was paid $50,000 plus $8,000 in expenses.
No comments have been submitted for this story yet.