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30
Jul

Where Does $100 to Stephen Siller Tunnel to Towers Foundation Go (2022)?

The Stephen Siller Tunnel to Towers Foundation (SSTTF) is a tax-exempt, non-profit 501 (c) 3 that honors the sacrifice of firefighter Stephen Siller, who died on September 11, 2001 while trying to save others, by paying off mortgages and building homes, and the provision of other programs to combat homelessness and helping fallen first responder families.

There are 7 voting members (directors) of the governing body, 6 of whom are independent although it appears that 5 of the 7 directors (Frank Siller, George Siller, Janis Hannon, Regina Vogt, and Mary Scullin) are related (siblings of Stephen Siller for whom the foundation was formed). Read more »

28
Jul

Executive Compensation at Doctors Without Borders (2022)

Doctors Without Borders (DWB) or Médicins Sans Frontiers in French, is an international humanitarian medical organization – tax-exempt and non-profit – of French origin that provides emergency and medical care around the world.  The US office is one of 24 worldwide offices that is governed by 14 voting members (directors), 13 of whom are independent, of the governing body (board of directors). Read more »

26
Jul

Where Does $100 to Doctors Without Borders Go (2022)?

Doctors Without Borders (DWB) or “Médicins Sans Frontiers” in French, is an international humanitarian medical organization – tax-exempt and non-profit – of French origin that provides emergency and medical care around the world.  The US office is one of 24 worldwide offices (called sections) and 17 branch offices in 21 countries governed by 14 voting members (directors), 13 of whom are independent, of the governing body (board of directors).

So, if you made a donation to the US office of DWB, how was the money used?  The organization’s website will tell you that 83% is spent on programs or the social mission, while 16% is spent on fundraising and 1% on general administration.  The Form 990 (2022) tells a slightly different story: Read more »

24
Jul

Executive Compensation at the YMCA (2022)

The YMCA (Young Men’s Christian Association) is a worldwide (120 countries) organization based in Geneva, Switzerland (World Alliance of the YMCA). Within the United States, there are approximately 2,700 YMCA’s serving 10,000 communities that rely on the YMCA of the USA (that is also known as the National Council of YMCA’s of the USA) that in turn relies on The World Alliance of the YMCA).  In the most simplistic terms, the YMCA is organized as follows:

World Alliance of the YMCA

125 National Associations (including The YMCA of the USA/National Council of YMCA’s of the USA)

Alliances (typically geographic) and Local Chapters (including 2,650 YMCA’s in the USA) Read more »

22
Jul

How the YMCA Spends Revenue (2022)

If you gave $100 to the YMCA in 2022, how was that $100 spent? The answer depends on whether the donation was made to one of the local chapters (there are about 2,650 in the US) or to the YMCA of the USA (which is legally known as the National Council of YMCA’s of the USA – and is the parent organization in the US – that seeks to strengthen local YMCA”s through grants and program support) or the World Alliance of the YMCA (the parent organization of the 120 countries in the world that have YMCA’s), based in Geneva, Switzerland.  For the purposes of this post, let’s assume the donation was made to the YMCA of the USA (because each of those local chapters is a separate 501 (c) 3 that files its own IRS Form 990 so the question could have 2,650 different answers).

The short answer is that $43 out of every $100 was spent on staff and organization expenses while $65 out of every $100 was spent on grants and fees for services that primarily supported program services (note: the organization spent more than they received in 2022).

Read more »

20
Jul

Executive Compensation at the JDRF (2022)

JDRF (Juvenile Diabetes Research Foundation) is a tax-exempt non-profit based in New York City.  Overseen by 15 voting members (board members) of the governing body (board), the JDRF raises about $240 million annually ($239 million, $223 million, $213 million, and $239 million in 2022, 2021, 2020, and 2019, respectively).

Although JDRF touts itself as the “leading global organization funding Type 1 diabetes research,” $241 million was allocated to the general fund while $259 million was allocated to research grants over the past 4 years: Read more »

18
Jul

How the Juvenile Diabetes Research Foundation (JDRF) Spends Revenue (2022)

JDRF (Juvenile Diabetes Research Foundation) claims to be the “leading global organization funding Type 1 diabetes research” which would appear to mean that JDRF is either awarding most revenue raised to research grants or conducting the research themselves, neither of which seems to be the case.

So, if you donated $100 to JDRF in 2022, how were those dollars spent?  The short answer is that that only $30 was awarded in grants and $2 in outreach fees, about $36 was used to compensate employees, pay office expenses, fees and advertising and promotion costs, and about $32 was allocated to the general fund (think savings account as JDRF appears to be more focused on growing their endowment than allocating funds to research). Read more »

16
Jul

Executive Compensation at the National Restaurant Association (2022)

The National Restaurant Association had a windfall of about $170 million in 2018 when they sold the “National Restaurant Association Show” to a unrelated private company Winsight, LLC – an information services company focused on the food and beverage industry. Consideration received included a promissory note (about $150 million of which $127 million was written off in 2020 with $90 million put back on the books in 2021) and an equity investment in Winsight, LLC which appears to have been sold in 2022 with a gain of $37 million (this appears to be the difference between the original write-off of $127 million in 2020 and the recovery of the $90 million note in 2021). A sponsorship agreement provides annual royalty payments equal to 2% of the gross revenues of the show for 45 years, beginning in 2019, which appear to stop after the sale. Read more »

14
Jul

Executive Compensation at CalTech

The California Institute of Technology (CaTech) is a private research university focused on science and engineering.  Based in Pasadena, CA, CalTech has about 2,500 students (1,000 undergraduate and 1,500 graduate) whose predecessors have been awarded 46 Nobel Prizes.  Tuition, room and board total about $90,000 annually.  According to the school’s website, 51% of students receive an average need based assistance of $60,000.  Only 27% of students graduate with loans and the average indebtedness is $17,000. Read more »

12
Jul

Executive Compensation at the AFL-CIO (2022)

The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) is a federation of 60 labor unions that represent 12.5 million workers. A non-profit, tax-exempt 501 (c) (5) – a labor organization, the AFL-CIO is headquartered in Washington, DC.

The AFL-CIO has 19 related tax-exempt, non-profit organizations, 15 of whom operate out of the same office address. The other 4 organizations also operate out of a two DC-based offices but at a different street address, and an office in Silver Spring, MD. Read more »