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31
Oct

Where Does $100 to Disabled American Veterans (DAV) Go (2023)?

The Disabled American Veterans (DAV) organization is a 501 (c) (4) – a social welfare organization – that was created by Congress in 1920 to assist disabled military veterans and their families.  Based in Cold Spring, Kentucky, DAV provides services nationwide to disabled veterans through staff, national service offices and more than 1,300 local chapters. Read more »

29
Oct

Executive Compensation at Harvard Management (2023)

Harvard Management Company (Harvard Management) provides investment management services to Harvard, a private university with $60 billion in net assets.  Consequently, revenue comes from Harvard to pay the expenses associated with managing Harvard Management (most of which is compensation and fees for outside services).

To manage these assets, Harvard Management has 128 employees who received $90 million in compensation which equates to an average compensation of $700,000.  However, only 97 employees received more than $100,000 in compensation with the 12 most highly compensated to be: Read more »

27
Oct

Executive Compensation at Harvard (2023)

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 (both undergraduate and graduate students). The annual tuition, room, board, and fees is about $85,000 which means a 4-year degree is about $340,000.

There are 13 voting members (Fellows) of the governing body, 10 of whom are independent, 8 of the 13 (62%) are male while 5 of the 13 (38%) are female. Read more »

25
Oct

Executive Compensation at St Jude (2022)

When people think of St. Jude’s, they often associate the organization with the children’s research hospital but St Jude’s is actually two organizations:

  • St. Jude Children’s Research Hospital (St Jude): the 73-bed children’s hospital that provides research and medical care; and
  • American Lebanese Syrian Associated Charities (ALSAC): the fundraising arm; an organization that exists to raise funds for St. Jude’s

Although most non-profits do not separate fundraising from services, St. Jude’s does, so both organizations need to be analyzed because St. Jude’s relies on ALSAC for the majority of it’s revenue and has a beneficial interest in the organization. Read more »

23
Oct

Where Does $100 to St Jude Go (2022)?

St. Jude’s is one of the most popular non-profit organizations in the country because the charity’s mission appeals to donors:  they treat and help children with cancer and other life threatening illnesses. But, before making donations, donors should understand where revenue is spent and that St. Jude’s is actually two organizations:

  • St. Jude Children’s Research Hospital, Inc. (St. Jude) – the 73-bed hospital and research center
  • American Lebanese Syrian Associated Charities  (ALSAC) – the fundraiser

ALSAC  “exists for the sole purpose of raising funds and building awareness to support the current and future needs of St. Jude Children’s Research Hospital, Inc” while St. Jude engages in research and provides care and services to sick children and their families.

St. Jude has a beneficial interest in the assets of ALSAC but the organizations are separate non-profit 501 (c)(3) entities with specific functions: ALSAC raises funds while St. Jude does the research and provides the treatment.

So, where does a $100 donation go?  The quick answer is that $37 went to the hospital (although they only spent $32 of that $37 putting the remaining $5 in savings), $26 to organization fundraising expenses, and $37 into savings.  For more detail, read on.

Read more »

21
Oct

Executive Compensation at Turning Point USA (2023)

Turning Point USA is a tax-exempt, non-profit 501 (c) 3 that advocates conservative principles on high school, college, and university campuses and in convention centers that focus on attracting high schoolers, college students, and young adults ages 15-25 who they often refer to as activists.

Established in 2012 by Charles Kirk, Turning Point USA has three (3) related tax exempt organizations:

  • Turning Point Endowment, Inc.:  a 501 (c) 3 described as a “supporting org to Turning Point USA”
  • America’s Turning Point, Inc:  a 501 (c) 3  described as “education of students”
  • Turning Point Action, Inc.:  a 501 (c) 4  described as “education of students” where contributions are not tax deductible

Turning Point USA is overseen by 5 voting members (directors) of the governing body, 4 of whom are independent. All directors are male. Read more »

19
Oct

How Revenue is Spent at Turning Point USA (2023)

Turning Point USA is a tax-exempt, non-profit 501 (c) 3 that advocates conservative principles on high school, college, and university campuses and in convention centers that focus on attracting high schoolers, college students, and young adults ages 15-25 who they often refer to as activists.

Established in 2012 by Charles Kirk, the President, Turning Point USA has three (3) related tax exempt organizations:

  • Turning Point Endowment, Inc.:  a 501 (c) 3 described as a “supporting org to Turning Point USA”
  • America’s Turning Point, Inc:  a 501 (c) 3  described as “education of students”
  • Turning Point Action, Inc.:  a 501 (c) 4  described as “education of students” where contributions are not tax deductible

Turning Point USA is overseen by 5 voting members (directors) of the governing body, 4 of whom are independent. All directors are male. Read more »

17
Oct

Executive Compensation at America’s Health Insurance Plans, Inc (2022)

America’s Health Insurance Plans (AHIP) is a tax-exempt, non-profit 501 (c) 6 – a trade organization – representing health insurance companies that profit coverage through employers, Medicare Advantage, Medicaid managed care, and open market plans that provide individual coverage.

A political advocacy group to represent health insurer’s best interests AHIP has been in the news recently because insurers are balking at consumer demand for more transparency on claim denials and health coverage.  Given that people paying premiums to the insurance companies ultimately fund membership in AHIP, they have a point.

AHIP is overseen by 33 voting members of the governing body, 32 of whom are independent.  27 of the 33 (82%) board members are male while 6 (18%) are female. Read more »

15
Oct

How America’s Health Insurance Plans, Inc Spends Revenue (2022)

America’s Health Insurance Plans (AHIP) is a tax-exempt, non-profit 501 (c) 6 – a trade organization – representing health insurance companies that provide coverage through employers, Medicare Advantage, Medicaid managed care, and open market plans that provide individual coverage.

A political advocacy group to represent health insurer’s best interests, AHIP has been in the news recently because insurers are balking at consumer demand for more transparency on claim denials and health coverage. Read more »

13
Oct

Executive Compensation at the Academy of Nutrition and Dietetics (2022)

The Academy of Nutrition and Dietetics (AND) is a tax-exempt, non-profit 501 (c) 6 – a trade association – for food and nutrition specialists.  Claiming to be “your source for science-based food and nutrition information, AND has been in the news recently for “making millions from junk food makers” by investing in food stocks (i.e. Pepsi), and from accepting donations from junk food, sugar and soda makers (i.e. Coca-Cola, Kellogg, Hershey, Nestle, and Conagra). Professional nutrition specialists partnering with processed food companies does not fare well on the national stage with the public who looks to the organization for unbiased and science-based advice. Read more »