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10
Nov

Executive Compensation at Samaritan’s Purse (2023)

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 averages 28% 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 70-75% of revenue over the past few years which allowed them to put $200-$330 million annually into savings or $1 billion from 2020-2023 so that by year-end 2023, Samaritan’s Purse had $1.7 billion in net assets.   Read more »

8
Nov

Where Does $100 to Samaritan’s Purse Go (2023)?

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.  But in 2020, 2021, 2022, and 2023 the percentage was lower at 28%, 27%, 28%, and 32%, respectively because Samaritan’s Purse focused on building up net assets and to do this they spent significantly less than they collected: Read more »

6
Nov

Executive Compensation at the Association of Former Students at Texas A & M (2022)

The alumni association at Texas A & M is formally known as the Association of Former Students of Texas A & M and informally known as the Aggie Network.  A tax-exempt, non-profit 501 (c), the Aggie Network’s mission is to strengthen the Texas A & M alumni network.

A relatively small non-profit, the Aggie Network has more than doubled in size (based on revenue) since 2020 when the organization raised raised about $30 million to 2022 when total revenue was reported to be $74 million, most of which came from contributions, gifts, and grants ($63 million). Read more »

4
Nov

Executive Compensation at Rotary International (2023)

Rotary International (RI) is a 501 (c) (4) – a social welfare organization that oversees 32,000 Rotary International Club organizations – based in Evanston, Illinois. Governed by a 19-member board (the president, president-elect, general secretary who is also the CEO, and Rotary Zone Directors), RI reported total revenue of $105 million most of which came from membership dues. Expenses totaled $108 million with the largest expense reported to be compensation (note:  RI also paid nearly $3 million to Accion Labs of Bridgeville, PA for staffing and consulting and $1.9 million to Softserve for staffing and $1 million to Tesystems of Hanover, MD for staffing).

RI reported having 342 employees who were compensated $44 million which equates to an average compensation of $129,000. However, only 115 individuals received more than $100,000 in compensation with the 16 most highly compensated individuals listed below: Read more »

2
Nov

Executive Compensation at Disabled American Veterans (DAV)(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 »