The Boy Scouts of America (Boy Scouts) is a tax-exempt, non-profit 501 (c) (3) organization headquartered in Irving, Texas. As one of the largest youth organizations in the US, the Boy Scouts has gone through some tough times the past few years with allegations of child sexual abuse by scoutmasters and other leaders that triggered a bankruptcy filing in 2020. With a recent settlement of $850 million for the thousands of sexual abuse victims, one has to wonder about the financial details of the organization.
In 2019, the Boy Scouts sold a large block of securities presumably to offset a $135 million insurance expense and $85 million in insurance claims, both of which contributed to a deterioration in net assets from $532 million to $408 million.
No Kid Hungry is actually a national campaign started in 2010 by Share Our Strength (SOS), a tax-exempt, non-profit 501 (c) 3 whose focus is on ending childhood hunger in the United States although they do limited international work. Based in Washington, DC, SOS does this by raising funds and awarding grants (20% of revenue in 2020; 12% in 2019) and advocating for this disadvantaged group.
SOS has 17 voting members (directors) of the governing body; 11 (65%) of whom are male; 6 (35%) of whom are female.
So, if you donated $100 in 2020, how much went to feeding the kids? It depends on how you define “feeding the kids.” Some people would narrowly define the phrase as actually feeding the children whereas some people would more broadly define the phrase by including all efforts going into feeding hungry children. The short answer is this: Read more
The Nature Conservancy raised $1.1 billion (including $822 million in contributions of which $168 were non-cash contributions, $162 million in fees and sales, $16 million in investment income and gains, and $124 million in government grants) and spent $897 million (not including depreciation) in the year ending June 30, 2020. With nearly $7.1 billion in net fund assets – most of which is unrestricted – the Nature Conservancy has successfully raised a lot of revenue and retained a significant portion.
The IRS Form 990 (2020) reflecting the year beginning July 1, 2019 and ending June 30, 2020 indicates the Nature Conservancy spent $91 million (or roughly 8% of revenue) on fundraising expenses: Read more
The Nature Conservancy raises more than $1 billion a year and has more than $7 billion in their net fund assets, making the organization one of the most well capitalized non-profits in the country. If you’ve ever wondered how a donation is spent but don’t feel inclined to read the dozens and dozens of pages of the IRS Form 990 (the tax return submitted to the IRS annually), then continue reading. Read more
The Nature Conservancy – a 501 (c) (3) based in Arlington, Virginia – whose mission is “to conserve land and waters on which all life depends” has been around since 1951 and is one of the most popular and wealthy non-profits in the country.
There are 20 voting members (directors) of the governing body, 17 of whom are independent, although the Form 990 lists 26 directors (due to timing differences) – 15 (58%) of whom are male and 11 (42%).of whom are female.
The most recent financial information (the 2019 IRS Form 990 for the year ending June 30, 2020) reports the organization raised $1.1 billion (compared to $1 billion in 2019 and $1.2 billion in 2018) and spent $900 million. The difference between revenue raised and revenue spent was $200 million which along with nearly $75 million in net unrealized gains on investments and other changes in assets helped increase net fund assets from $6.7 billion at the beginning of the year to nearly $7.1 billion at the end of the year. Read more
The Paralyzed Veterans of America (PVA) is a non-profit, tax-exempt 501 (c) 3 based in Washington, DC (although the organization has 73 offices and 33 chapters throughout the country). Established in 1947, PVA has a core mission of vets serving vets, funding spinal cord research, and advocating for disability rights, according to their website. So, the question most donors want to know is: How much of my donation goes to the organization’s core mission? The answer: about half because the organization spent more than $47 million on a mail program to raise funds.
Key financial information reported by PVA to the IRS on the Form 990 (for the year ending June 30, 2020) include the following: Read more
ChildFund International USA (ChildFund) is one of 12 organizations in the ChildFund Alliance that partners with local organizations in 24 countries to provide children with basic needs: food, healthcare, and education. A tax-exempt, non-profit 501 (c) 3 based in Richmond, VA, ChildFund has 17 independent voting members (directors) on its governing body (Board of Directors) with 9 females and 8 males.
In 2020, ChildFund reported total revenue of $198 million (compared to $196 million in 2019) most of which came from contributions, gifts and grants. Expenses totaled $179 million (not including $4 million in depreciation) with the two largest expenses reported to be grants ($117 million) and compensation $31 million). Read more
Way back in 1938, the China Children’s Fund was established by a Presbyterian minister to provide assistance to children in China after the war (Sino-Japanese War) by starting a child sponsorship program where sponsors (typically in the US) would pay a monthly fee to sponsor a child so that the child would have basic needs (food, health, etc) provided.
In 1951, the name was changed to the Children’s Christian Children’s Fund when the program expanded to other countries. In 2002, the Christian Children’s Fund along with 11 other child sponsorship organizations founded a worldwide network – the ChildFund Alliance, a group of 12 organizations that partner with local organizations in other countries. In 2009, the Christian Children’s Fund changed its name to ChildFund International. Read more
The Association of American Railroads (AAR) is an industry trade organization representing freight railroads, Amtrak, and other commuter railroads in the US, Canada, and Mexico, to Congress and government regulators, and the public. Based in Washington, DC, AAR is a tax-exempt, non-profit 501 (c) 6 with 14 voting members (directors), 13 of whom are independent, in its governing body, although the most recent Form 990 (2019) lists 15 directors, all of whom are male.
In 2019, AAR reported total revenue of $54 million (compared to $53 million in 2018, $60 million in 2017, and $60 million in 2016), most of which comes from membership dues. Expenses totaled $54 million in 2019 with the three largest expenses reported to be compensation ($19 million), intracompany expenses – 3 tax exempt related organizations at the same address and 2 related organizations taxed as a corporation or trust – ($14 million), and fees for services – primarily consultants – ($11 million). Read more