• Saturday, May 26, 2012

Previous

Next

Food Charity’s Compensation and Loans Under Scrutiny

January 30, 2009, 1:37 pm

Angel Food Ministries, a charity with headquarters in Good Hope, Ga., that sells discount groceries, paid almost $2.5-million in compensation in 2006 to the family that founded and operates the group, reports the York Daily Record, in Pennsylvania.

The group’s chief executive officer, Wesley Joseph Wingo, received a pay increase from $69,598 in 2005 to $588,529 in 2006. His family also borrowed money from the charity, owing more than $1-million in loans by the end of 2007, and the numbers are raising questions among charity watchdogs.

A spokesman for the group said that salaries were appropriate for a charity of its size and that the compensation and loans were intended to reduce personal debt the Wingo family incurred when it founded the organization.

This entry was posted in Managing. Bookmark the permalink.
  • Print
  • Comment

Comments are closed.