Executive Compensation at the Heritage Foundation (2020)
The Heritage Foundation (Heritage) is a non-profit, tax-exempt organization staffed by conservative “experts” who provide advice on political, economic, social, and financial problems in the United States.
Based in Washington, DC, Heritage is governed by 22 voting members (trustees) of the governing body (Board of Trustees), 19 of whom are independent. 17 of the 22 (77%) are male while 5 of the 22 (23%) are female.
Heritage raises about $100 million annually, has historically spent less (usually about 70%) and has consequently accumulated $332 million in net assets by the end of 2020.
Executive Compensation at Harvard (2020)
Harvard is a private teaching and research university with an acceptance rate at about 5% of applicants. Located in Boston, Massachusetts, Harvard has about 25,000 students (undergrads and graduate students). The annual tuition, room, board, and fees is about $77,000.
There are 12 voting members (Fellows) of the governing body, 9 of whom are independent, 8 of the 12 (67%) are male while 4 of the 12 (33%) are female.
In 2020, Harvard’s total revenue was $7.4 billion (compared to $7.9 billion in 2019) with most of the income coming from 3 sources :investment income, gains, and royalties ($4 billion), contributions, gifts, and grants ($1.4 billion) and tuition, fees, and services ($1.9 billion). Expenses were $5.3 billion (not including $350 million in depreciation). At year-end, Harvard had $49 billion in net fund assets. Read more 
Executive Compensation at MIT
Massachusetts Institute of Technology (MIT) is a private teaching and research university with an acceptance rate at about 7% of applicants. Located in Boston, Massachusetts, MIT has about 12,000 students, of which nearly 5,000 are undergraduates. The annual tuition, room, board, and fees is about $80,000.
There are 10 voting members of the governing body (Executive Committee Members), 7 of whom are independent, although the Form 990 lists 11 members (which appears to be due to timing differences). 8 of the 11 (73%) are male while 3 of the 11 (27%) are female.
In 2020, MIT’s total revenue was $4.8 billion (compared to $5.3 billion in 2019) with most of the income coming from 4 sources: research contracts ($1.4 billion), investment income, gains, and royalties ($1.2 billion), contributions, gifts, and grants ($1 billion) and tuition, fees, and services ($1.1 billion). Expenses were $4 billion (not including $200 million in depreciation). At year-end, MIT had $24 billion in net fund assets. Read more
Executive Compensation at Boston College
Boston College is a private Jesuit research university with an acceptance rate at about 19% of applicants. Located in Chestnut Hill, Massachusetts, Boston College has about 15,000 students, of which 6,800 are undergraduates. The annual tuition, room, board, and fees is about $80,000.
In 2020, Boston College’s total revenue was $1.2 billion (compared to $1.2 billion in 2019) with most of the income coming from 2 sources: contributions, gifts, and grants ($225 million) and tuition, fees, and services ($883 miillion). Expenses were $1 billion (not including $90 million in depreciation). At year-end, Boston College had $3.6 billion in net fund assets. Read more
Executive Compensation at Boston University
Boston University (BU) is a private research university with an acceptance rate at about 20% of applicants. Located in Boston, Massachusetts, BU has about 35,000 students, of which 17,500 are undergraduates. The annual tuition, room, board, and fees is about $80,000.
In 2020, BU’s total revenue was $2.6 billion (compared to $2.7 billion in 2019) with most of the income coming from 2 sources: contributions, gifts, and grants ($572 million) and tuition, fees, and services ($1.9 biillion). Expenses were $2.4 billion (not including $133 million in depreciation). At year-end, BU had $4.2 billion in net fund assets. Read more
Executive Compensation at Duke University (2020)
Duke University (Duke) is one of the most academically competitive schools in the country with an acceptance rate at about 8% of applicants. Located in Durham, North Caroline, Duke has about 17,000 students, of which 6,800 are undergraduates. The annual tuition is about $65,000 while room and board adds another $15,000 for a total annual cost of about $80,000.
In 2020, Duke’s total revenue was $3.2 billion (compared to $3.3 billion in 2019) with most of the income coming from 3 sources: contributions, gifts, and grants ($1.6 billion), tuition and academic fees ($1.1 billion) and investment income/sale of assets, and royalties ($450 million). Expenses were $3.1 billion (not including $300 million in depreciation). At year-end, Duke had $10.9 billion in net fund assets. Read more
Executive Compensation at Northwell Health (2019)
Northwell Health is New York’s largest healthcare provider with 23 hospitals and 750 outpatient facilities with more than 74,000 employees across the network (which includes many organizations).
The focus of this post is on the executive compensation of Northwell Healthcare, Inc. (NHI), a non-profit, tax-exempt 501 (c) (3) that provides advisory and administrative support services to the affiliated healthcare organizations that comprise Northwell Health. This means the primary source of income for NHI is the revenue the affiliated organizations give, which amounted to $1.5 billion in 2019 (out of a total $1.6 billion).
Expenses for NHI totaled $1.5 billion (not including $144 million in depreciation)n with the largest expenses reported to be compensation($737 million), office-related expenses ($393 million), fees for services ($265 million), and interest ($85 million). Read more
Executive Compensation at the National Retail Federation (2020)
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 with on-line presence a virtual requirement for survival.
Governed by 33 board members, 32 of whom are independent (40 are reported on the Form 990 due to timing differences; 28 are male while 12 are female), NRF is based in Washington, DC. Read more
Executive Compensation at the American Jewish Joint Distribution Committee (2020)
The American Jewish Joint Distribution Committee (also known as “The Joint” or the JDC) is a tax-exempt, non-profit 501 (c) (3) with about 150 employees in New York City, NY. The governing board – 164 independent board members although 188 board members are listed on the Form 990 (the difference appears to be due to timing issues and is comprised of 102 males and 86 females.
As one of the leading humanitarian organizations that works in 70 countries, the JDC works to rescue and provide aid to Jews in the advancement of Jewish life across the globe, primarily through awarding grants: in 2020, $254 million, or 64% of revenue was used for grants (primarily to foreign organizations). Read more
How Revenue is Spent at the American Jewish Joint Distribution (2020)
The American Jewish Joint Distribution Committee (also known as “The Joint” or the JDC) is a tax-exempt, non-profit 501 (c) (3) with about 150 employees in New York City, NY. The governing board – 164 independent board members although 188 board members are listed on the Form 990 (the difference appears to be due to timing issues and is comprised of 102 males and 86 females.
As one of the leading humanitarian organizations that works in 70 countries, the JDC works to rescue and provide aid to Jews in the advancement of Jewish life across the globe, primarily through awarding grants: in 2020, $254 million, or 64% of revenue was used for grants (primarily to foreign organizations). Read more
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