Where Does $100 to the International Fellowship of Christians and Jews Go?
The International Fellowship of Christians and Jews (IFCJ) is a tax-exempt, non-profit 501 (c) 3 founded by a rabbi in 1983 as a way to “bless Israel and the Jewish people around the world with humanitarian care and life-saving aid” while “building bridges between Christians and Jews.”
How is revenue spent at IFCJ? The short answer is that about half of revenue was spent on grants to Jewish organizations – in the US and in Israel – while the other half was spent on fundraising, staff compensation, fees for services, office-related expenses, and travel. For more detail, read on. Read more 
Majorie Taylor Greene is Allowed to be an Adult but Chooses Not to be
The controversy surrounding Marjorie Taylor Greene has become a national obsession over the past few weeks. Greene, who was elected to Congress this past November to represent District 14 in Georgia has a colorful past (check out You Tube for videos she made in the past few years leading up to her Congressional run before the PR people got to her) that has shown her support for controversial issues, of which there is insufficient space to go into. Read more
Space X, Elon Musk, Jared Isaacman and St Jude: The Questions No One is Asking
Jared Isaacman, a 37-year old billionaire who made his fortune as a co-founder of a payment processing company called Shift4 Payments, announced he is spearheading a $200 million dollar fundraising campaign for St. Jude by leading a crew of 4 private citizens in a SpaceX rocket (of Elon Musk fame) that will fly into orbit around the earth. Mr. Isaacman is personally donating $100 million to St Jude with the conviction we should conquer childhood cancer.
I don’t know anyone who doesn’t want to conquer childhood cancer. There is little else that will push adults into action than seeing a child suffer from a serious illness. But, Mr. Isaacman and everyone else may want to ask some serious questions about St. Jude, research, and how revenue is spent before embarking on fundraising for an organization that has increased its net assets from $2.5 billion in 2012 to $5.4 billion in 2019; primarily by saving a large portion of revenue annually (as opposed to spending more on research and helping sick kids and their families). Read more
Executive Compensation at UPMC (Pittsburgh, PA)
UPMC Group represents the operations of 52 tax-exempt entities including 15 hospitals, 12 physician groups, 3 skilled nursing facilities, and 22 other ancillary and support entities within the UPMC (University of Pittsburgh Medical Center) integrated healthcare delivery system.
Key financial details about UPMC Group for the year ending June 30, 2018 are summarized as follows:
- Total revenue was $13.5 billion, of which $7.6 billion was net patient revenue and $5.3 billion was “other program service revenue.”
- Expenses totaled $12.9 billon (not including $400 million in depreciation), with the 4 largest expenses being compensation ($5.6 billion), medical expenses ($3.7 billion), other expenses ($1.3 billion), and drugs and supplies ($1.2 billion).
- UPMC Group had $5.7 billion in net assets at year-end.
62,093 employees received total compensation of $5.6 billion, which equates to an average compensation of $90,000. 7,958 employees received more than $100,000 in compensation with the 176 most highly compensated employees reported to be: Read more
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