The Hippocrates Health Institute (HHI) – a non-profit 501 (c) (3) that operates out of a 50-acre tropical setting in West Palm Beach, Florida – provides educational and instructional services to teach individuals how to live and eat healthier for a fee (referred to as “program service revenue”). HHI is not a charitable organization that relies on donations; instead HHI relies on program service revenue paid by those who choose to enroll and/or attend the Institute. Read more
The Children’s Hospital (CH) in Washington, DC is one of the leading pediatric hospitals in the country. Established in 1870, CH is a non-profit 501 (c) (3) corporation with 7,850 employees that work in the network of hospitals, outpatient clinics – 19 health centers, outpatient centers, and mobile health units – and emergency rooms that collectively fall under CH. Read more
The Children’s Hospital (CH) in Washington, DC is one of the leading pediatric hospitals in the country. Established in 1870, CH is a non-profit 501 (c) (3) corporation with 7,850 employees that work in the network of hospitals, outpatient clinics – 19 health centers, outpatient centers, and mobile health units – and emergency rooms that collectively fall under CH.
The Children’s Hospital Foundation (CHF) is the fundraising arm of the Children’s Hospital. Whereas most charitable organizations report revenue and four key expenses (program, management, grants, and fundraising), CH reports revenue, program and management expenses while CHF reports fundraising revenue along with fundraising costs and grants. Therefore, it is necessary to look at both 990’s to fully understand the hospital. Read more
The Children’s Hospital Foundation (CHF) serves as the fundraising arm for the Children’s National Medical Center (also known as the Children’s Hospital) in Washington, DC. Typically non-profits post revenue and four types of expenses (program, grants, management, and fundraising) but CHF reports the revenue from fundraising and the costs associated with the fundraising and the grants awarded. The Children’s Hospital reports the revenue collected (primarily from patients and insurance) and the costs of the programs and management. Read more
Just hearing the words “Help the Vets” makes many Americans open their wallets because we all know the VA is not meeting the needs of the men and women who have served our country, and we want to help. But, if you want your donor dollars to go further, don’t give donations to phone, mail, e-mail or other third-party solicitors on behalf of an organization (they take too big a cut), or to an organization called “Help the Vets” – a 501 (c) (3) based in Orlando, Florida that has one employee – Neil G Paulson, Sr who received total compensation of nearly $250,000 in 2016. Read more
The Navy-Marine Corps Relief Society (NMCRS) is a 501 (c) (3) based in Arlington, Virginia with about 255 employees who received total compensation of $19.2 million, which equates to an average of $75,000 each. 14 individuals received more than $100,000 in compensation with the most highly compensated 11 staff listed below: Read more
The Navy-Marine Corps Relief Society (NMCRS) primarily provides financial assistance (interest free loans and grants) to members (and their families) of the Naval Service although the organization also provides educational and other assistance. Established in 1904, NMCRS is based in Arlington, Virginia.
In the most recent years (2015 and 2016) the organization raised about $23 million a year and spent about $29 million – about $6 million more than they raised – which was partially offset by unrealized gains on investments and changes in pension-related charges. Consequently, NMCRS maintained a net fund balance of $96 million from year-to-year.
Given that NMCRS brings in about $23 million a year and spends about $29 million annually, it is surprising to learn that the organization only gave $2.5 million (about 11% of revenue) out in grants in 2016. So where was the rest of the revenue spent? The Form 990 (2016) submitted to the IRS reports revenue was spent as follows: Read more
The Entertainment Industry Foundation (EIF) is a non-profit 501 (c) (3) that is primarily engaged in raising funds and making grants: two functions that greatly depend on the ability of individuals to raise money and to review grant requests.
EIF raised about $60 million in 2016 and spent about $18 million or $31 out of every $100 raised on program, management, and fundraising. The remainder was spent on grants – many to organizations that make grants which can further dilute a donation made to EIF because program, management, and fundraising costs are deducted by both organizations before grants reach the intended program or research. Read more
The Oscar buzz is front and center in the news media so it seems only natural to address philanthropy within the entertainment industry. The Entertainment Industry Foundation is a 501 (c) (3) based in Los Angeles, California whose mission is to coordinate the philanthropy of the entertainment industry.
Established more than 75 years ago in 1942, the Entertainment Industry Foundation (EIF) is primarily engaged in raising funds and making grants and has been referred to as the “United Way of the entertainment industry” by some. So, the questions of interest include: Read more
The Susan G Komen organization is not just one organization managed by a small group of executives but two organizations:
- the Foundation (The Susan G Women Breast Cancer Foundation, Inc) which is often referred to as the “parent” organization since it is largely supported by the local affiliates (76 in the US and 1 International affiliate that give approximately 25% of the net funds raised to support the Foundation) along with contributions through fundraising; and
- the Group (The Susan G Komen Breast Cancer Foundation, Group) which is the 77 affiliates that conduct more than 300 fundraising events annually. Both organizations are 501 (c) (3)’s and are based out of the same office in Dallas, Texas. Read more