How Revenue is Spent at Consumer Reports
Consumer Reports, the beloved watchdog organization that many people rely on for objective consumer product information is a non-profit, tax-exempt 501 (c) (3) organization based in Yonkers, New York.
If you’ve ever wondered how Consumer Reports spends the $250 million the organization raises annually, the answer may surprise you: nearly $200 million is spent on three things:
- compensation for employees;
- printing, postage/shipping, and order processing; and
- advertising/promotion Read more
Executive Compensation at the United Negro College Fund (UNCF)
The United Negro College Fund (UNCF) is a non-profit, tax-exempt 501 (c) (3) based in Washington, DC. Established in 1944, UNCF funds scholarships for students and also scholarship funds at 37 private historically black colleges and universities (member institutions).
In 2018-2019 UNCF reported having 255 employees who received $21 million in compensation, which equates to an average compensation of $79,000. 48 employees received more than $100,000 in compensation with the most highly compensated employee being the President and CEO, Michael L Lomax who received $838,291 in compensation. Read more
Where Does Revenue to the United Negro College Fund (UNCF) Go?
The United Negro College Fund (UNCF) is one of the few non-profits experiencing a steep decline in revenue while keeping their expenses relatively constant resulting in decline in net assets over the past few years (in millions): Read more
Executive Compensation at Novant Health
Novant Health is a non-profit, tax-exempt 501 (c) (3) based in Winston Salem, North Carolina. An integrated healthcare provider, Novant Health has 14 hospitals and medical centers and more than 50 physician clinics and outpatient centers in four states: North Carolina, South Carolina, Georgia, and Virginia.
It is important to note Novant Health has dozens of related/affiliated 501 (c) (3)’s, taxable partnerships, corporations, and trusts that are listed on Schedule R of the Form 990. This post addresses the executive compensation at only Novant Health, and not the related/affiliated organizations including the specific hospitals, physician clinics, imaging centers, etc. However, there are employees whose responsibilities overlap with other affiliated organizations. When this is the case, compensation may also come from related organizations (and this is noted below). Read more
Executive Compensation at the National Grocers Association
The National Grocers Association (NGA) sounds like a big organization but, in reality, NGA is a small non-profit, tax-exempt trade association that represents independent supermarket operators across the country. This 501 (c) (6) typically raises about $7 million annually (primarily through convention/conference fees, membership dues and royalties) and spends slightly less (primarily on compensation, travel and conferences, and office expenses). At year-end 2017, NGA had $11 in net fund assets. Read more
Vegan Vanilla Yogurt Cake
Making a great tasting moist vanilla cake without butter and eggs has never been easier. The secret lies with using unsweetened cashew yogurt, and cake flour which has a lower protein content than all purpose flour and is lighter (finer), and softer than other flours. However, with the knowledge that white cake flour doesn’t have a lot of nutritional attributes, there are two ways to make this cake:
- Use only white cake flour for a lighter, higher rising cake; or
- Use a combination of white cake flour and whole grain spelt flour or whole wheat pastry flour for a slightly denser but more nutritious cake.
In addition, using unsweetened plain cashew yogurt (I use Forager’s) gives this cake a moist, tangy flavor that is greatly enhanced with the added zest of a lemon. Read more
How Revenue is Spent at the AFL-CIO
The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) is a federation of 55 labor unions that represent nearly 13 million men and women. A non-profit, tax-exempt 501 (c) (5) – a member labor organization, the AFL-CIO is headquartered in Washington, DC.
Key facts about the AFL-CIO include the following information taken from the IRS Form 990’s: Read more
Executive Compensation at the AFL-CIO
The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) is a federation of 55 labor unions that represent nearly 13 million workers. A non-profit, tax-exempt 501 (c) (5) – a labor organization, the AFL-CIO is headquartered in Washington, DC.
Key facts about the AFL-CIO include the following information taken from the IRS Form 990’s: Read more
Executive Compensation at Northwestern Medicine (Chicago, IL)
Northwestern Memorial HealthCare (NMH) is commonly known as Northwestern Medicine, and is a non-profit, tax-exempt 501 (c) (3) that provides healthcare in more than 200 locations (including 10 hospitals) in the Chicago metropolitan area. Headquartered in Chicago, NMH is affiliated with Northwestern’s School of Medicine.
Key facts to know about NMH include the following information taken from the Form 990 (2017 for the year ending August 31, 2018):
NMH has $7.3 billion in net assets (up from $6.4 billion the year before). The $900 million increase is primarily attributed to transfers from affiliated organizations (about $550 million) and excess revenue over expenses (about $350 million), all of which means NMH made a lot of money from healthcare in 2018. Read more
Almond Biscotti Cookies (Vegan)
Almond Biscotti Cookies are not quite biscotti – that tends to be dry – and not quite a cookie – that tends to be very sweet – which makes them the perfect treat for someone who prefers an insanely delicious snack that falls between these two categories of sweets. Moist and slightly sweet, Almond Biscotti Cookies are vegan but are not a “health” food owing to the inclusion of canola oil and sugar but they are worth it. That these cookies are super easy to make is an added bonus!
These cookies disappear quickly. The recipe is easily doubled (note: the standard recipe below makes about 20-22 pieces). In terms of oil and sugar, each cookie has about 1 teaspoon of oil and 1 teaspoon of sugar. Read more
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