Copies and pasted from areFAQ.blog with links to publicly available tax returns from NCARB.
NCARB is covering their butt and blaming it on ARE candidates.
The new test fee is just to cover the fact that they’ve been spending money like drunken sailors…on themselves.
In 2004-2005 Lenore Lucie’s salary and defered compensation was $233,000. In 2007-2008 it was $313,000. That’s a 34% in four years.
In 2004-2005 Mary de Sousa’s salary and defered compensation was $118,00. In 2007-2008 it was $207,000. That’s a 75% in four years.
But that’s nothing.
Stephen Nut was hired at $159,000 in 2006-2007. In 2007-2008 he made $201,000. That’s a 26% raise last year. And that’s not even the something.
In 04-05, the board and senior staff got reimbursed for $57,000 of expenses.
In 05-06 it was $67,000.
By 06-07 it had nearly doubled to about $110,000.
Last year though, they really outdid themselves…to the tune of $343,000…a sixfold increase in four years.
Gordon Mills had over $60,000 in expenses alone.
Of course that’s just part of it. NCARB’s new digs cost $1,305,799 last year. The old place was $765,982 in 2004-05.
I sure hope they’re half a million dollars a year nicer.
And remember, all this (a good fraction of $1.1 million) is before they were dealing with “cheating.”
BTW, those salaries don’t require sealing plans either.