While serving as a United States Senator, Norm Coleman had a bit of a hard time with his personal finances and multiple mortgages .
Bluestem is relieved to learn that the American Action Forum and the American Action Network nonprofits have not been unprofitable to Norm Coleman and other living things.
The Center for Public Integrity reports in Norm Coleman sees big paydays from nonprofits:
Leading two politically focused nonprofits has generated big money for former Republican Sen. Norm Coleman of Minnesota — with paydays better than when he served in Congress’ upper chamber.
Coleman collected more than $570,000 during a nearly three-year tenure at the helm of the American Action Network and the American Action Forum, for an average of about $190,000 annually, according to a Center for Public Integrity review of federal filings.
That includes a combined salary of more than $116,000 in 2011, according to the groups' most recent annual reports — though Coleman was only a paid, full-time employee of the organizations for a portion of that year.
According to documents filed with the Internal Revenue Service, Coleman worked a combined 40 hours a week for the two conservative nonprofits during 2009 and 2010 — their first two years of existence, when he served as both groups’ chief executive officer.
He dialed back his time and responsibilities during the third year after taking a job at the Washington, D.C.-based law firm and lobbying shop Hogan Lovells, where his clients this year include Airbus Americas Inc. and Hong Kong-based investment firm Primus Holdings Ltd.
Photo: Norm Coleman.
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