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10
Jul

How Revenue is Spent 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.

Key facts about the AFL-CIO include the following information taken from the IRS Form 990’s: Read more »

8
Jul

Executive Compensation at the American Investment Council (2022)

The American Investment Council (AIC) is a very small tax-exempt, non-profit 501 (c) 3 “lobbying, advocacy, and research (the organization paid an outside vendor $1.1 million in 2022 for research) organization” based in Washington, DC governed by 26 voting members (25 of whom are independent) of its governing body. 22 of the 26 (85%) are male while 4 of the 26 (15%) are female.   Read more »

6
Jul

Executive Compensation at the Robin Hood Foundation (2022)

The Robin Hood Foundation (RHF) – a 501 (c) (3) based in New York City – is an organization that primarily awards grants to organizations fighting poverty by providing food, shelter, and healthcare and by helping people lift themselves out of poverty. They do this primarily by awarding grants (in 2022, the organization collected $129 million in revenue and awarded $131 million in grants) and reported $34 million in organization expenses (which is reportedly paid for by the 42 board members – an average of $800,000 each to fully cover operational expenses).

In 2021, there was a shakeup at RHF with the departure of Wes Moore, the CEO (for four years)  and several other highly compensated employees (Derek Ferguson, Kristine Sudano, Beth Zolkind, and Sheila Kelly). Richard Buery was named the new CEO. The reasons for the departure are unclear but could be due to the deterioration in net assets.

In 2022, RHF had 162 employees who were compensated $23 million, which equates to an average compensation of $142,000. However, only 56 employees received more than $100,000 in compensation. The 13 most highly compensated individuals were: Read more »

4
Jul

Where Does $100 to the Robin Hood Foundation Go (2022)?

The Robin Hood Foundation (RHF) is not a “rob from the rich, give to the poor” organization although RHF is known for having a wealthy Board of Directors who financially support the organization so that donations can be used to help alleviate poverty in New York City. How does RHF do this?  Primarily by providing grants to other non-profits who provide food, shelter and health services along with education so that people can lift themselves out of poverty.

In a sense, RHF is a “United Way” for non-profits in New York City whose focus is on poverty. They solicit grants, screen the organizations, and disburse donations in the form of grants. Unlike United Way, the RHF states “100% of your donation goes directly to our community partners” on the front page of their website (www.robinhood.org) because “our board pays for all administrative costs.”  That’s an amazing claim, especially for donors who are interested in their dollars going as far as possible to help alleviate poverty in a city where 1 in 5 people are estimated to live in poverty. Read more »

2
Jul

Executive Compensation at University of Southern California (2022)

The University of Southern California (USC) is a private research university with about 47,000 students (undergraduate and graduate) based in Los Angeles, California.  The annual tuition is about $70,000 but with room, board, and fees the total estimated cost is $83,000 – $95,000 per year.

Key information about USC is summarized as follows: Read more »