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15
Apr

Executive Compensation at the National Association of Realtors (2018)

The National Association of Realtors (NAR) is the largest professional trade association in the US. A non-profit tax-exempt 501 (c) (6) based in Chicago, Illinois, NAR represents 1.4 million members who belong to one or more of the 1,200 associations/boards and 54 state or territory associations.  Members can be residential or commercial brokers, sales people, property managers, real estate appraisers, counselors and others who work in the real estate industry.

NAR functions as a self regulatory agency, a lobbying organization, and as a provider of accreditation and certification of designations. Read more »

13
Apr

Executive Compensation at the National Retail Federation (2019)

 

The National Retail Federation (NRF) is a non-profit, tax-exempt 501 (c) (6) – a membership based trade association  – whose mission is to “advance and protect the interests of the retail industry and to help retailers achieve excellence in all areas of their business.” That’s quite a mission, given the retail environment in this country.  Retailers – both national chains and local – are closing daily.

Governed by 30 board members, 29 of whom are independent (38 are reported on the Form 990 due to timing differences; 30 are male while 8 are female), NRF is based in Washington, DC. Read more »

11
Apr

Executive Compensation at the National Pharmaceutical Council

Pharmaceutical companies have gotten a lot of bad press lately, and for good reason. When epipens cost $650-$700 in the US for a pack with two auto injectors (compared to $150 in Canada or $38 in Australia), people get upset. Or, when pharmaceutical companies (i.e Perdue) have acted irresponsibility by promoting and marketing opioids, people question the motives of companies they are supposed to trust and the value of medicines as an integral part of healthcare. One of the ways the pharmaceutical industry operates is to fund a trade association called the National Pharmaceutical Council (NPC).

NPC is a Washington, DC-based trade association whose mission is to put forth science and good information to foster an environment that supports what they call “medical innovation” or what others would call “drug innovation” (where were they during the decades long opioid crisis?). In short, they gather research to support the use of pharmaceuticals and disseminate that information. Read more »

9
Apr

Executive Compensation at the National Multifamily Housing Council

The National Multifamily Housing Council (NMHC) is a tax-exempt, non-profit 501 (c) 6 – a trade association – that advocates for multifamily rental organizations – that pays its President, Doug Bibby very well ($1.3 million in 2018 and $150,000 into a retirement account) along with its other top executives (7 other executives received $300,00 – $450,000 in 2018).

By most standards, NMHC is a small non-profit:  they raise about $18 million annually, most of which comes from two sources:  membership dues ($10 million) and meeting revenue ($7 million). Expenses total about $18 million with the largest being compensation ($10 million) and conferences/conventions/meetings ($3 million). At year-end 2018, NMHC had $13 million in assets. Read more »

7
Apr

Executive Compensation at the NCAA (2018)

The National Collegiate Athletic Association (NCAA) is a non-profit, tax-exempt 501 (c) (3) organization focused on college sports in the US. With 1,100 member colleges and universities in 102 athletic conferences across the country that participate in 90 championships in 24 sports in 3 divisions, the NCAA is a powerful and well financed organization.

There are 16 independent members of the governing party although 18 board members are listed on the Form 990 (probably due to timing differences). 14 of the 18 (78%) board members are male while 4 of the 14 (22%) are female.

The NCAA raised about $1.1 billion in 2018 – most of which came from from television rights (83%) and championships/National Invitation Tournament (13% of revenue).  Expenses were $1 billion with the 3 largest expense scholarships and grants ($635 million), championship expenses ($145 million), and compensation ($78 million). Read more »

5
Apr

Executive Compensation at the American Red Cross (2019)

The American Red Cross (ARC) is one of the most recognized charities in the world. Based in Washington, DC, ARC works to “prevent and alleviate human suffering” by mobilizing employees and volunteers in emergencies and through the collection and sale of blood (ARC collects, tests, and distributes 40% of the nation’s blood). To do this, ARC relies on it’s 19,363 employees who were compensated $1.4 billion (an average of $72,000 each) in 2019. 1,464 employees received more than $100,000 in compensation with the 18 most highly compensated employees listed below: Read more »

3
Apr

Executive Compensation at the US Chamber of Commerce

The US Chamber of Commerce (also known as the Chamber of Commerce of the United States of America) is the largest business organization in the United States representing businesses. A tax-exempt, non-profit 501 (c) 6 organization, the US Chamber of Commerce (USCOC) is based in Washington, DC.

The USCOC raises about $160 million annually (primarily from contributions, gifts and grants with only $5 million coming from membership dues) and spends what it receives. In fact, the USCOC has a negative net asset position (-$26 million) which is an important consideration when the 10 most highly compensated employees received $24 million in compensation in 2018.   In addition, USCOC paid for first class and charter travel, companion travel, health or social club dues or initiation fees, and for personal services (i.e. maid, chauffeur, chef). Read more »

1
Apr

Executive Compensation at the National Geographic Society

When we think of the National Geographic Society (NGS), we often think of the magazine, which according to my childhood friends, was the first magazine they could look through to see naked people. But, the National Geographic Society is so much more than just the magazine. In their own words, they “identify and invest in an international community of explorers:  leading scientists, educators, storytellers, conservationists, technologists, and many other change makers who help us define some of the critical challenges of our time….”

The NGS is a tax-exempt non-profit 501 (c) 3 organization based in Washington, DC that primarily relies on investment income (gains on the sale of investments, dividends, interest, etc), royalties, and contributions for revenue.  With $1.4 billion in net assets, NGS has the ability to rely on these resources to keep their programs going when contributions, gifts, and grants (roughly $30 million annually) are not enough. Read more »