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Where Does $100 to Susan G Komen Go?

When most people think of Susan G Komen and pink ribbons, they think of the organization that works to reduce breast cancer deaths by raising money to fund research and community-based educational, medical, financial, and psychosocial support services for those facing a breast cancer diagnosis.  However, there are actually two Susan G Komen organizations:

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Why The Big Picture Matters

Several years ago I started making donations to sanctuaries specializing in the rescue of animals from slaughter houses and abused “homes.”  The stories were heartbreaking and I knew my dollars were primarily going to the veterinary care of the animals, food, shelter, and the selfless staff devoted to taking care of these animals.

When a cow escapes from a slaughter house in Brooklyn, I cheer for the cow (and curse the people chasing the petrified animal) and often send a donation to the kind person who rescued the terrified animal.  So, before I go further, I want to unequivocally say these charities deserve our support because they spotlight the abuse and horrific way people treat most animals. They make us think twice about our choices.

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Top 10 Executives (MEN) at the NRA Made $10.6 Million

A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.

The National Rifle Association of America (NRA) is a non-profit 501 (c) (4) organization that fights tirelessly for our second amendment rights. Whether or not you believe the second amendment refers to “militia” or “the people” has always been controversial but is even more so in the wake of the near daily occurrence of mass shootings in this country. People are speaking out for gun control because quite frankly, there are too many guns and assault weapons in the hands of the wrong people.

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Where does $100 to St. Jude’s Go?

St. Jude’s is one of the most popular non-profit organizations in the country because the charity’s mission appeals to donors:  they treat and help children with cancer and other life threatening illnesses. But, before making donations, donors should understand that St. Jude’s is actually two organizations:

  • St. Jude Children’s Research Hospital, Inc. (Hospital)
  • ALSAC – St. Jude Children’s Research Hospital, Inc. (ALSAC)
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Who To Trust For Nutrition Advice?

Lifestyle choices are one of three aspects (the others being genetics and the environment) that greatly affect our health. We can’t pick our parents and environmental factors are not wholly within our control but we can focus on lifestyle choices that affect our health so who do we turn to for advice?

Everyone has an opinion about diet and nutrition which makes the amount of information to sift through a monumental and often overwhelming task that typically leads to confusion – which is just what the industries who are threatened by the power of nutrition want.

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Recent Articles

6
Oct

Where Does $100 to United Way Go (2020)

United Way is one of the most recognizable charitable organizations in the United States and throughout the world.  In the United States, “United Way” generally refers to United Way Worldwide (formerly United Way of America) and/or one of the 1,800 local offices in 40 countries and territories that operate as separate 501 (c) (3)’s.

United Way Worldwide is the leadership and support organization for the whole United Way network. Each organization collects funds and makes grants to local organizations, and also contributes a portion of the revenue collected to United Way Worldwide to support oversight operations. Read more »

4
Oct

10 Key Things to Know about St Jude’s

Wrapping your head around St. Jude Children’s Hospital in Memphis, Tennessee is a challenge so here are ten (10) key pieces of information garnered from the Form 990 (the tax returns submitted to the IRS) that provide key details about St Jude:

  1. When people think of St. Jude’s, they often associate the organization with the children’s research hospital but St Jude’s is actually two organizations:  St Jude Childrren’s Research Hospital (St. Jude) and the American Lebanese Syrian Associated Charities (ALSAC).
  2. St. Jude Children’s Research Hospital (St Jude) is the 77-bed children’s hospital that provides research and medical care.
  3. American Lebanese Syrian Associated Charities (ALSAC) is the fundraising arm; an organization that exists to raise funds for St. Jude.
  4. Most non-profits do not separate fundraising from services but St. Jude does, so both organizations need to be analyzed because St. Jude’s relies on ALSAC for the majority of it’s revenue and has a beneficial interest in the organization.
  5. ALSAC raised $2.4 billion (compared to $1.9 million the prior year) in 2020.
  6. ALSAC has historically spent 25-30% of revenue raised on fundriaising.  In 2020, ALSAC spent $625 million (26% of revenue) on fundraising expenses.
  7. ALSAC gave St Jude’s $997 million (42% of revenue) in 2020.
  8. ALSAC has historically put hundreds of millions annually in savings but in 2020, the organization allocated $781 million in savings.
  9. ALSAC has $8 billion in net assets, most of which is in liquid assets.  St Jude, which has a beneficial interest in ALSAC (meaning the $8 billion in assets) had $9 billion in net assets by the end of 2020.
  10. St Jude, the hospital, has historically spent less than they have received from ALSAC meaning they have also accumulated significant net assets (see previous statement above).

The biggest takeaway from the above information is why St Jude isn’t spending more on helping sick children and their families rather than sitting on $9 billion?

2
Oct

Executive Compensation at the Society for Human Resource Management (SHRM)

The Society for Human Resource Management (SHRM) is an Alexandria, Virginia-based tax-exempt, non-profit membership association that promotes the role of Human Resources as a profession.  With 12 voting members of the governing body, 11 of whom are independent, 7 of whom are female, 5 of whom are male, SHRM is a 501 (c) 6 – a trade association – with more than 500 employees.  All directors received $15,350-$43,080 each in 2019.

In 2019, SHRM reported total revenue of $154 million (compared to $146 million in 2018) which came primarily from six sources:  membership dues ($54 million), the annual conference ($35 million), certification programs and seminars ($23 million), inventory sales ($15 million), advertising ($9 million), and other program revenue ($7 million). Read more »

30
Sep

Executive Compensation at the Heritage Foundation (2020)

The Heritage Foundation (Heritage) is a non-profit, tax-exempt organization staffed by conservative “experts” who provide advice on political, economic, social, and financial problems in the United States.

Based in Washington, DC, Heritage is governed by 22 voting members (trustees) of the governing body (Board of Trustees), 19 of whom are independent. 17 of the 22 (77%) are male while 5 of the 22 (23%) are female.

Heritage raises about $100 million annually, has historically spent less (usually about 70%) and has consequently accumulated $332 million in net assets by the end of 2020.

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28
Sep

Executive Compensation at Harvard

Harvard is a private teaching and research university with an acceptance rate at about 5% of applicants.  Located in Boston, Massachusetts, Harvard has about 35,000 students including 6,000 undergraduates. The annual tuition, room, board, and fees is about $77,000.

There are 12 voting members (Fellows) of the governing body, 9 of whom are independent, 8 of the 12 (67%) are male while 4 of the 12 (33%) are female.

In 2020, Harvard’s total revenue was $7.4 billion (compared to $7.9 billion in 2019) with most of the income coming from 3 sources  :investment income, gains, and royalties ($4 billion), contributions, gifts, and grants ($1.4 billion) and tuition, fees, and services  ($1.9 billion).  Expenses were $5.3 billion (not including $350 million in depreciation).  At year-end, Harvard had $49 billion in net fund assets. Read more »

26
Sep

Executive Compensation at MIT

Massachusetts Institute of Technology (MIT) is a private teaching and research university with an acceptance rate at about 7% of applicants.  Located in Boston, Massachusetts, MIT has about 12,000 students, of which nearly 5,000 are undergraduates. The annual tuition, room, board, and fees is about $80,000.

There are 10 voting members of the governing body (Executive Committee Members), 7 of whom are independent, although the Form 990 lists 11 members (which appears to be due to timing differences).  8 of the 11 (73%) are male while 3 of the 11 (27%) are female.

In 2020, MIT’s total revenue was $4.8 billion (compared to $5.3 billion in 2019) with most of the income coming from 4 sources: research contracts ($1.4 billion), investment income, gains, and royalties ($1.2 billion), contributions, gifts, and grants ($1 billion) and tuition, fees, and services  ($1.1 billion).  Expenses were $4 billion (not including $200 million in depreciation).  At year-end, MIT had $24 billion in net fund assets. Read more »

24
Sep

Executive Compensation at Boston College

Boston College is a private Jesuit research university with an acceptance rate at about 19% of applicants.  Located in Chestnut Hill, Massachusetts, Boston College has about 15,000 students, of which 6,800 are undergraduates. The annual tuition, room, board, and fees is about $80,000.

In 2020, Boston College’s total revenue was $1.2 billion (compared to $1.2 billion in 2019) with most of the income coming from 2 sources: contributions, gifts, and grants ($225 million) and tuition, fees, and services  ($883 miillion).  Expenses were $1 billion (not including $90 million in depreciation).  At year-end, Boston College had $3.6 billion in net fund assets. Read more »

22
Sep

Executive Compensation at Boston University

Boston University (BU) is a private research university with an acceptance rate at about 20% of applicants.  Located in Boston, Massachusetts, BU has about 35,000 students, of which 17,500 are undergraduates. The annual tuition, room, board, and fees is about $80,000.

In 2020, BU’s total revenue was $2.6 billion (compared to $2.7 billion in 2019) with most of the income coming from 2 sources: contributions, gifts, and grants ($572 million) and tuition, fees, and services  ($1.9 biillion).  Expenses were $2.4 billion (not including $133 million in depreciation).  At year-end, BU had $4.2 billion in net fund assets. Read more »

20
Sep

Executive Compensation at Duke University (2020)

Duke University (Duke) is one of the most academically competitive schools in the country with an acceptance rate at about 8% of applicants.  Located in Durham, North Caroline, Duke has about 17,000 students, of which 6,800 are undergraduates. The annual tuition is about $65,000 while room and board adds another $15,000 for a total annual cost of about $80,000.

In 2020, Duke’s total revenue was $3.2 billion (compared to $3.3 billion in 2019) with most of the income coming from 3 sources: contributions, gifts, and grants ($1.6 billion), tuition and academic fees ($1.1 billion) and investment income/sale of assets, and royalties ($450 million). Expenses were $3.1 billion (not including $300 million in depreciation).  At year-end, Duke had $10.9 billion in net fund assets. Read more »

18
Sep

Executive Compensation at Northwell Health (2019)

Northwell Health is New York’s largest healthcare provider with 23 hospitals and 750 outpatient facilities with more than 74,000 employees across the network (which includes many organizations).

The focus of this post is on the executive compensation of Northwell Healthcare, Inc. (NHI), a non-profit, tax-exempt 501 (c) (3) that provides advisory and administrative support services to the affiliated healthcare organizations that comprise Northwell Health.  This means the primary source of income for NHI is the revenue the affiliated organizations give, which amounted to $1.5 billion in 2019 (out of a total $1.6 billion).

Expenses for NHI totaled $1.5 billion (not including $144 million in depreciation)n with the largest expenses reported to be compensation($737 million), office-related expenses ($393 million), fees for services ($265 million), and interest ($85 million). Read more »