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10
Jun

Executive Compensation at Seton Hall University

Seton Hall University (Seton Hall) – one of the countries leading Catholic universities – is located in South Orange, NJ (main campus), Newark, NJ (law school), Clifton and Nutley, NJ (College of Nursing and School of Health and Medical Sciences),  and Hackensack (School of Medicine).  10,000 students (6,000 undergraduate and 4,000 graduate) attend Seton Hall. Undergraduate tuition, room, board, and fees total about $60,000 annually or $240,000 for four years.

In 2017, Seton Hall reported total revenue of $415 million, of which $343 million (83% of revenue) came from program services (tuition, room and board, fees, and medical residency program). The remaining revenue primarily came from contributions, gains on the sale of assets, athletics, parking, and government grants.

Expenses totaled $399 million (including $17 million in depreciation) including $133 million in grants.  The $16 million in unspent revenue along with $14 million in net unrealized gains on investments allowed net assets (often referred to as the endowment) to increase from $420 million at the beginning of the year to $450 million at year-end. Read more »

8
Jun

Dr-Cow Tree Nut Cheese

Right across the Williamsburg Bridge on a quiet street (South 6th) in the Williamsburg neighborhood of Brooklyn, is a tiny store called Dr-Cow that makes tree nut cheeses that taste just like cheese, only better (and unlike any of the commercial non-dairy cheese substitutes sold in grocery stores). These organic, dairy-free, raw, and plant-based cheeses are low in fat, sodium, and calories, have no cholesterol, and are high in iron and plant protein.

At Dr-Cow, tree nut cheeses are made the same way exceptional dairy cheeses are made:  with three ingredients – milk, a culture, and salt – but instead of cow milk, Dr-Cow uses nuts (primarily cashews and macadamia nuts) which means, Dr-Cow cheeses contain no gluten, no casein, no soy and are lactose-free. And, yet, they taste incredible. Read more »

6
Jun

Executive Compensation at Villanova University

Villanova University (Villanova) – a collection of six colleges – located just outside Philadelphia, Pennsylvania is known for its basketball team and for its liberal arts, nursing, engineering, business, law, and professional studies. With more than 11,000 students (6,500 undergraduate and 4,500 graduate), Villanova is an accredited university that has been educating students since 1842 (and thus, the oldest Catholic university in Pennsylvania).

The annual undergraduate cost (tuition, room, and board) is approximately $67,000 which equates to $268,000 for a four-year degree. Read more »

4
Jun

Executive Compensation at the Michael J Fox Foundation for Parkinson’s Research

The Michael J Fox Foundation for Parkinson’s Research (MJFFPR) is a 501 (c) (3) established in 2000 to assist in the development of better treatments for Parkinson’s Disease “through an aggressively funded research agenda.” Most foundations of this type are established to raise funds which are then awarded as research grants in the hopes of finding better treatments and ultimately a cure.

In 2017, the MJFFPR raised $104 million and awarded $82 million in grants, which equates to 79% of revenue (although in 2016, MJFFPR awarded $74 million in grants (representing 65% of total revenue). The remaining $22 million was primarily spent on compensation and office-related expenses. Read more »

2
Jun

Where Does $100 to DAV Go?

The Disabled American Veterans (DAV) organization is a 501 (c) (4) – a social welfare organization – that was created by Congress in 1920 to assist disabled military veterans and their families.  Based in Cold Spring, Kentucky, DAV provides services nationwide to disabled veterans through staff, national service offices and more than 1,300 local chapters.

With more than a million members (who pay $0-$250 for a lifetime of assistance and benefits), DAV is the largest disabled veteran assistance organization in the country. In 2017, DAV reported total revenue of $137 million although only $7 million (about 5% of revenue) came from membership fees.  $108 million (79% of revenue) came from contributions. $20 million (15% of revenue) came from investment income and the gain on the sale of assets while $2 million came from royalties and other sources. Read more »