Executive Compensation at the National Restaurant Association (2022)
The National Restaurant Association had a windfall of about $170 million in 2018 when they sold the “National Restaurant Association Show” to a unrelated private company Winsight, LLC – an information services company focused on the food and beverage industry. Consideration received included a promissory note (about $150 million of which $127 million was written off in 2020 with $90 million put back on the books in 2021) and an equity investment in Winsight, LLC which appears to have been sold in 2022 with a gain of $37 million (this appears to be the difference between the original write-off of $127 million in 2020 and the recovery of the $90 million note in 2021). A sponsorship agreement provides annual royalty payments equal to 2% of the gross revenues of the show for 45 years, beginning in 2019, which appear to stop after the sale. Read more 
Executive Compensation at CalTech
The California Institute of Technology (CaTech) 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 46 Nobel Prizes. Tuition, room and board total about $90,000 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
Executive Compensation 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.
The AFL-CIO has 19 related tax-exempt, non-profit organizations, 15 of whom operate out of the same office address. The other 4 organizations also operate out of a two DC-based offices but at a different street address, and an office in Silver Spring, MD. Read more
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
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
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
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
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
Executive Compensation at CommonSpirit Health (2022)
Commonspirit Health was created in 2019 when Catholic Health Initiatives (CHI) and Dignity Health merged to become the largest tax-exempt, non-profit healthcare system in the United States. With more than 150,000 employees staffing 1,000 care centers and 140 hospitals in 21 states, Commonspirit Health, the healthcare system, is comprised of hundreds of non-profits and for-profit corporations, partnerships, and trusts. This post only addresses the executive compensation at Commonspirit Health (CH), the non-profit 501 (c) (3) that oversees the entire CH healthcare system. Read more
Executive Compensation at Brown University (2022)
Brown University is a private research university with about 11,000 students (7,000 undergrads and 4,000 graduate and medical students) in Providence, Rhode Island. Unbeknownst to some is that Brown has 34 Division 1 sports teams.
Approximately 50,000 undergraduate students apply annually; 5% or 2,500 are accepted. Annual tuition, room and board is $90,000 or about $360,000 for a 4-year degree.
When analyzing colleges and universities generally, there are 6 key numbers to look at: Read more
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