Executive Compensation at CommonSpirit Health (2020)
Commonspirit Health was created in 2019 when Catholic Health Initiatives (CHI) and Dignity Health merged to become the largest tax-exempt, non-profit healthcare system in the United States. With more than 150,000 employees staffing 1,000 care centers and 140 hospitals in 21 states, Commonspirit Health, the healthcare system, is comprised of hundreds of non-profits. This post only addresses the executive compensation at Commonspirit Health (CH), the non-profit, 501 (c) (3) that oversees the entire CH healthcare system. Read more
Executive Compensation at the Association of Former Students of Texas A & M (Aggie Network)
The alumni association at Texas A & M is formally known as the Association of Former Students of Texas A & M and informally known as the Aggie Network. A tax-exempt, non-profit 501 (c), the Aggie Network’s mission is to strengthen the Texas A & M alumni network.
A relatively small non-profit, the Aggie Network raised about $30 million in 2020, most of which came from contributions, gifts, and grants ($22 million). Expenses were $18 million with the largest expense reported to be compensation. 166 employees received $7 million in compensation which equates to an average of $42,000. 10 employees received more than $100,000 in compensation: Read more
How Alumni Dollars are Spent at the Association of Former Students of Texas A & M (Aggie Network)
The alumni association at Texas A & M is formally known as the Association of Former Students of Texas A & M and informally known as the Aggie Network. A tax-exempt, non-profit 501 (c), the Aggie Network’s mission is to strengthen the Aggie Network. How do they do this? The short answer is they raise revenue (about $30 million in 2020) and spend about 40% on programs (i.e. receptions, events, and other activities), 10% on general and administrative expenses and 10% on fundraising while the remaining funds (40%) are allocated to the general fund allowing the organization to accumulate $144 million in net assets. Read more
Plant-Based Oatmeal Banana Bread (No Oil)
Everyone makes banana bread (what else would we do with those aging brownish bananas in the fruit basket?) but the typical recipe calls for some combination of white flour, refined sugar, butter (margarine, or oil) and eggs. The challenge is to make a banana bread that is moist and delicious without those ingredients, and it’s not easy.
Eight years ago I posted a recipe for whole grain banana bread made with whole grain flours and maple syrup but it still contained oil (albeit only 3 tablespoons). So, of course, I kept thinking about how to make a great tasting banana bread without oil. After many attempts, I came up with a recipe that checked off all the boxes: the bread rises high but is moist, each slice tastes delicious, and this traditional favorite is actually nutritious. Plant-Based Oatmeal Banana Bread is slightly sweet and full of banana flavor and scrumptious. Read more
Executive Compensation at the National Confectioners Association (2020)
The National Confectioners Association (NCA) is tax-exempt, non-profit trade association (501 (c) 6) that promotes chocolate, candy, gum, and mints along with the companies that make these treats. Based in Washington, DC, the NCA focuses on 7 key areas:
- Public Policy and Government Affairs
- Scientific and Regulatory Affairs
- Industry Affairs and the Sweets & Snacks Expo
- International Business Development
- Meetings and Membership
- Public Affairs and Communications
- Administration and Finance
Executive Compensation at Texas Christian University
Texas Christian University (TCU) is a private, tax-exempt non-profit research university in Fort Worth, Texas that is affiliated with the Christian Church 9 (Disciples of Christ). Approximately 11,000 undergraduate and 2,000 graduate students are pursuing 114 undergraduate areas of study and 98 graduate degrees on the 300 acre campus a few miles from downtown Fort Worth.
Tuition, room and board are approximately $73,000 annually for an undergraduate student (with about 80% receiving financial aid). With an acceptance rate of 41% (20,000 applications in 2022 of which 8,000 were accepted, and about 3,000 chose to attend), TCU counts about 53% of its students coming from out of state. Read more
Executive Compensation at the University of Texas
The University of Texas at Austin is also known as “UT Austin” (note: Austin is the flagship school of the University of Texas System which includes 9 academic universities and 6 health institutions). With about $52,000 students (41,000 undergraduate and 11,000 graduate), tuition, room and board for in-state students are approximately $35,000 annually while out-of-state students pay approximately $60,000 for tuition, room and board.
UT Austin is often in the news or on the lists of the top largest university endowments because they have a $32 billion endowment (as of 2020) which is second to Harvard who has $42 billion. It’s a big job to manage a $32 billion endowment and that task falls upon The University of Texas Texas A & M Investment Management Company (UTMCO), a tax-exempt, non-profit 501 (c) 3 that is overseen by 9 independent voting members (directors) of the governing body. This post addresses the executive compensation of those employed at UTMCO. Read more
Executive Compensation at the Nature Conservancy (2021)
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 22 voting members (directors) of the governing body, 19 of whom are independent, although the Form 990 lists 23 directors (due to timing differences) – 11 (48%) of whom are male and 12 (52%).of whom are female.
The most recent financial information (the 2020 IRS Form 990 for the year ending June 30, 2021) reports the organization raised $1.3 billion (compared to $1.1 billion in 2020, $1 billion in 2019 and $1.2 billion in 2018) and spent $900 million. The difference between revenue raised and revenue spent was almost $400 million which along with nearly $400 million in net unrealized gains on investments and other changes in assets helped increase net fund assets from $7.1 billion at the beginning of the year to $7.8 billion at the end of the year. Read more
Where Does $100 to the Nature Conservancy Go (2021)?
The Nature Conservancy raises more than $1 billion a year and has nearly $8 billion in net assets (almost a billion more than the beginning of the year), 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
Executive Compensation at No Kid Hungry (2021)
No Kid Hungry (NKH) 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 (52% of revenue in 2021, 20% in 2020; 12% in 2019) and advocating for this disadvantaged group.
SOS has 17 voting members (directors) of the governing body, 16 of whom are independent; 9 (53%) of whom are male; 8 (47%) of whom are female.
Key information from the Form 990 (2020 for the year ending June 30, 2021) include: Read more