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11
Oct

Executive Compensation at Samaritan’s Purse (2022)

Samaritan’s Purse is a tax-exempt, non-profit 501 (c) (3) established in 1970 by Bob Pierce who died in 1978. W. Franklin Graham (son of Billy Graham) became Chairman, President, and CEO of Samaritan’s Purse in 1979 and has held the position since although he is also an evangelist for the Billy Graham Evangelistic Association.

Based in Boone, North Carolina, Samaritan’s Purse is a nondenominational Christian organization that provides “spiritual and physical aid to hurting people around the world.”  How do they do this?  Primarily through grants (i.e. transporting shoebox gifts:  a box filled with toys, supplies, and hygiene items) which for the past few years average 27% of revenue because Samaritan’s Purse focused on strengthening their balance sheet by increasing savings and to do this they spent significantly less than they collected:  Samaritan’s Purse has spent about 70% of revenue over the past few years which allowed them to put $250-$330 million annually into savings or $850 million over the past three years so that by year-end 2022, Samaritan’s Purse had $1.5 billion in net assets.   Read more »

9
Oct

Where Does $100 to Samaritan’s Purse Go (2022)?

Samaritan’s Purse is a tax-exempt, non-profit 501 (c) (3) established in 1970 by Bob Pierce who died in 1978. W. Franklin Graham (son of Billy Graham) became Chairman, President, and CEO of Samaritan’s Purse in 1979 and has held the position since although he is also an evangelist for the Billy Graham Evangelistic Association.

Based in Boone, North Carolina, Samaritan’s Purse is a nondenominational Christian organization that provides “spiritual and physical aid to hurting people around the world.” How do they do this? Primarily through grants (i.e. transporting shoebox gifts:  a box filled with toys, supplies, and hygiene items) which prior to 2020 averaged 40% of revenue although in 2020, 2021, and 2022, the percentage was lower at 28% , 27%, and 28%, respectively because Samaritan’s Purse focused on building up savings and to do this they spent significantly less than they collected (about 30% of every $100 in revenue was placed annually in savings over the past 3 years): Read more »

7
Oct

Executive Compensation at the Alzheimer’s Association (2023)

The Alzheimer’s Disease and Related Disorders Association is commonly referred to as the Alzheimer’s Association. A tax-exempt, non-profit 501 (c) 3 whose goal is to eliminate Alzheimers Disease through research but also offer support, information/public awareness, and education on the disease, the Alzheimer’s Association raised $412 million in 2023 (compared to $502 million in 2022, $405 million in 2021, $403 million in 2020 and $390 million in 2019), primarily from contributions, gifts, and grants ($408 million including $28 million from the government). Read more »

5
Oct

Where Does $100 to the Alzheimer’s Association Go (2023)?

The Alzheimer’s Disease and Related Disorders Association is commonly referred to as the Alzheimer’s Association. A tax-exempt, non-profit 501 (c) 3 whose goal is to eliminate Alzheimers Disease through research but also offer support, information/public awareness, and education on the disease, the Alzheimer’s Association raised $412 million in 2022 (compared to $502 million in 2022, $405 million in 2021, $403 million in 2020 and $390 million in 2019), primarily from contributions, gifts, and grants ($408 million including $28 million from the government).  The 20% decline in revenue from 2022-2023 was due to two reasons:  lower contributions and lower investment income. Read more »

3
Oct

Executive Compensation at Bon Secours Mercy Health (2022)

Bon Secours Mercy Health (BSMH) became one of the largest Catholic healthcare providers serving communities in Ohio, Kentucky, New York, Maryland, Virginia, South Carolina, and Florida when merged with Mercy Health in September, 2018.

A tax-exempt, non-profit healthcare system that consists of nearly 1,400 non-hospital healthcare facilities including 58 tax-exempt organizations, 40 organizations taxable as a partnership, and 48 organizations taxable as a corporation or trust, BSMH reports the net patient revenue from 27 hospitals and other care facilities through BSMH, along with management fees paid to BSMH for network management.

This post is limited to the executive compensation reported by BSMH. Read more »

1
Oct

Executive Compensation at the Air Line Pilots Association (2022)

The Airline Pilots Association International (ALPA) is the largest airline pilot union in the world with more than 77,000 pilots from 41 US and Canadian airlines.  Based in McLean, Virginia, ALPA is a tax-exempt, non-profit 501 (c) (5) whose membership dues are approximately $3,000-$4,000 annually (based on 1.95% of gross income which appears to be about $200,000 annually or taking total membership revenue ($229 million) divided by total pilots (77,000)).

In 2022, ALPA reported total revenue of $246 million, most of which came from membership dues ($229 million). Expenses totaled $214 million (including $3 million in depreciation) with the largest expense reported to be compensation.

367 employees received $82 million in compensation which equates to an average compensation of $223,000.  261 employees received more than $100,000 in compensation with the 25 most highly compensated reported to be: Read more »