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31
Oct

10 Employees of Texas Christian University Took Home $114 Million in Compensation

10 highly compensated employees of Texas Christian University (a private, tax-exempt non-profit research university in Fort Worth, Texas that is affiliated with the Christian Church (Disciples of Christ) with 11,000 undergraduate and 2,000 graduate students pursuing 114 undergraduate areas of study and 98 graduate degrees on the 300 acre campus a few miles from downtown Fort Worth) in 2022 took home $110 million in compensation from 2017-2022 (note:  highly compensated employees in any of the years 2017-2021 but not in 2022 are not included): Read more »

29
Oct

Executive Compensation at Texas Christian University (2023)

Texas Christian University (TCU) is a private, tax-exempt non-profit research university in Fort Worth, Texas that is affiliated with the Christian Church (Disciples of Christ).  Approximately 11,000 undergraduate and 2,000 graduate students are pursuing 114 undergraduate areas of study and 98 graduate degrees on the 300 acre campus a few miles from downtown Fort Worth.

Tuition, room and board are approximately $80,000 annually for an undergraduate student (with about 80% receiving financial aid). With an acceptance rate of 40% (20,000 applications in 2023 of which 8,000 were accepted, and about 3,000 chose to attend), TCU counts about 55% of its students coming from out of state.

The bottom line:  TCU took in enough revenue to pay all university expenses (including $5 million to the head football coach), give out nearly $300 million in cash scholarships, and add more than $140 million to the general fund (that had more than $3 billion in net assets at year-end).

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27
Oct

25 Employees at BCBS Association Take Home $100 Million in Compensation

25 of the most highly compensated employees of BCBS Association (a tax-exempt, non-profit 501 (c) 4 (a social welfare organization) based in Chicago, Illinois that serves as a national association of 36 independent BCBS companies that provide health insurance to more than 115 million people) in 2023 received $100 million in compensation from 2017-2023 (note: highly compensated employees in 2015-2021 but not in 2022, including Scott Serota the former CEO and President who received $74 million from 2015-2021 – do not appear on the list below) received $100 million from 2017-2023: Read more »

25
Oct

Executive Compensation at the BCBS Association (2023)

The Blue Cross Blue Shield Association (BCBSA) is a tax-exempt, non-profit 501 (c) 4 (a social welfare organization) based in Chicago, Illinois that serves as a national association of 36 independent BCBS companies that provide health insurance to more than 115 million people.

BCBSA also own and manage the BCBS trademarks and names in more than 170 countries around the world.  Consequently, revenue comes from the members of BCBSA whose revenue comes from insurance premiums. In other words, part of your BCBS health insurance premiums are paid to BCBSA.

There are 34 voting members of the governing body, of whom 33 are independent, although there are 36 listed on the Form 990 (2023) of whom 26 (72%) are male while 10 (28%) are female.

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23
Oct

15 Employees at CalTech received $60 Million in Compensation

15 employees of CatTech (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 48 Nobel Prizes.  Tuition, room and board total about $95,000 annually) received $60 million in compensation from 2017-2023 (note:  many of these employees were not employed at CalTech for all those years; and highly compensated employees in any of the years 2017-2022 but not in 2023 are not included): Read more »

21
Oct

Executive Compensation at CalTech (2023)

The California Institute of Technology (CalTech) 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 48 Nobel Prizes.  Tuition, room and board total about $95,000 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 »

19
Oct

20 Employees at St Jude Take Home $100 Million in Compensation

20 of the most highly compensated employees at St Jude in 2024 received more than $100 million in compensation from 2017-2024.  It is important to note St Jude is actually two organizations:

  • St. Jude Children’s Research Hospital (St Jude): the 73-bed children’s hospital with more Han 7,300 employees that provides research and medical care; and
  • American Lebanese Syrian Associated Charities (ALSAC): the fundraising arm; an organization with 2,100 employees that exists to raise funds for St. Jude’s

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

15
Oct

Executive Compensation at St Jude (2024)

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 with 7,374 employees that provides research and medical care; and
  • American Lebanese Syrian Associated Charities (ALSAC): the fundraising arm; an organization with 2,100 employees 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 »

13
Oct

Where Does $100 to St Jude Go (2024)?

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. Read more »

11
Oct

15 Employees of Stanford Health Take Home $120 Million in Compensation

15 highly compensated employees of Stanford Health Care (SHC) – a tax-exempt non-profit organization with $6.5 billion in net assets whose purpose is to provide patient care services through its 19,000 employees at 3 hospitals and 60 clinics in the Palo Alta, California area – received $120 million in compensation from 2018-2023:  (note:  the 15 employees are the most highly compensated 15 employees in 2023; highly compensated employees in any of the years 2018-2022 but not in 2023 are not included):   Read more »