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Scherman Foundation Inc Salary

Scherman Foundation Inc Salary

How much does the Scherman Foundation Inc Pay for employees?

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As of September 2026, the average annual salary for employees at Scherman Foundation Inc in the United States is $106,218. This translates to an approximate hourly wage of $51. Salaries at Scherman Foundation Inc typically range from $93,166 to $120,366 annually, reflecting the diverse roles and experience levels within the company. Scherman Foundation Inc’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Scherman Foundation Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Scherman Foundation Inc. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Scherman Foundation Inc

Ready for your next career move? Explore current job openings at Scherman Foundation Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Scherman Foundation Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Scherman Foundation Inc’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Scherman Foundation Inc
Financial Services
Aldrin Family Foundation
Casa Deals
Industry Comparison
Our data shows that, on average, compensation at Scherman Foundation Inc is below the average for the U.S. Financial Services industry by approximately 13%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Scherman Foundation Inc average annual salary with several similar companies. Scherman Foundation Inc average salary of $106,218 is higher than Aldrin Family Foundation, which has an average salary of $101,535. It is higher than Casa Deals, with their average salary at $86,124. This places Scherman Foundation Inc in a competitive position among its peers.
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How Scherman Foundation Inc's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Scherman Foundation Inc. Click a company name to learn more.

Employee Reviews: Working at Scherman Foundation Inc

Considering a career at Scherman Foundation Inc? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Change is managed thoughtfully, with proper communication and training. Technology investments make our jobs easier and more efficient. They prioritize ethical practices and employee well-being. This financial firm offers stable employment with decent benefits, but the pace is often conservative.
Commented in April 15, 2025
18
3
That makes a huge difference when juggling multiple priorities. This company offers outstanding opportunities for professional growth. Managers lead by strong example. Projects are well-managed and feedback is constructive. Flexible scheduling helps maintain work-life balance. Workload distribution is managed thoughtfully. My role has remained largely unchanged, which provides comfort. There’s a c...
Commented in June 03, 2024
50
0
Management fosters a positive work environment that balances high performance with employee well-being. This environment works well for those who appreciate routine and job security but may frustrate employees seeking dynamic challenges. The compensation package is attractive and reflects the industry standards. Recognition for hard work is consistent.
Commented in March 12, 2024
16
2

Scherman Foundation Inc Overview

Website
www.scherman.org
Founded In
1941
Employees
<25 employees
Industry
Financial Services
Headquarter Address
16 E 52nd St New York City New York NY 10022
Revenue
<$5 Million
Phone Number
+1 2128323086
Social Media
About Scherman Foundation Inc
The Scherman Foundation was founded in 1941 by Harry Scherman, founder of the Book-of-the-Month Club, as a small family foundation. From a modest giving program, averaging about one hundred thousand dollars a year, the Scherman Foundation has grown and broadened its interests. To date, it has made more than 6,949 grants, totaling almost 114 million dollars. The giving program of the Foundation emp

What Benefits Does Scherman Foundation Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Scherman Foundation Inc offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near New York?

Understanding the cost of living near New York is key to truly evaluating a salary offer or your current compensation at Scherman Foundation Inc.
New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). Extremely expensive globally, driven by exorbitant housing. Extensive MTA subway/bus. When planning your budget based on a salary from Scherman Foundation Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $3,500 - $5,000+ (Highly variable by borough) A significant portion of Scherman Foundation Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $127 (MTA 30-day MetroCard) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $5,177 - $7,877+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Scherman Foundation Inc

1. How much does Scherman Foundation Inc in the United States pay?

Scherman Foundation Inc pays its employees an average of $106,218 per year. The average salary at Scherman Foundation Inc range from $93,166 to $120,366 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills and location.

2. Do Scherman Foundation Inc employees get a higher salary than its peer company?

The salary at Scherman Foundation Inc is higher than its peer company. The average annual salary at Scherman Foundation Inc is $106,218, or an hourly wage of $51, in comparison to Aldrin Family Foundation which pays $101,535 per year or $49 per hour.

3. What are the highest paying jobs at Scherman Foundation Inc?

The higher-paying job at Scherman Foundation Inc, according to our data, include President (avg. $822,223 per year), Program Director (avg. $152,789 per year), and Administrator (avg. $51,881 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Scherman Foundation Inc?

Salary progression with years of experience at Scherman Foundation Inc is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Scherman Foundation Inc vary by office location?

Yes, it's very likely that salaries at Scherman Foundation Inc vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for New York section provides more context.

6. Does Scherman Foundation Inc offer good benefits?

Scherman Foundation Inc typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Scherman Foundation Inc" section on this page.

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