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Posts by Anne Paddock

18
Mar

Executive Compensation at Mount Sinai Hospital (2021)

Mount Sinai Hospital (MSH) is part of the Mount Sinai Health System (MSHS) – a network of 8 hospitals and a medical school formed in 2013 when the operations of Mount Sinai Medical Center and Continuum Health Partners merged. MSHS is the controlling entity or the affiliated organization – both non-profit and for profit – in the network.  Headquartered in New York City, NY, MSHS has about 4,000 beds and 43,000 employees, with nearly 18,500 of them employed by the Mount Sinai Hospital.

Key information to know about Mount Sinai Hospital (MSH), as reported on the Form 990 (2021) submitted to the IRS includes: Read more »

16
Mar

Executive Compensation at Mount Sinai Hospital (2020)

Mount Sinai Hospital (MSH) is part of the Mount Sinai Health System (MSHS) – a network of 8 hospitals and a medical school formed in 2013 when the operations of Mount Sinai Medical Center and Continuum Health Partners merged. MSHS is the controlling entity or the affiliated organization – both non-profit and for profit – in the network.  Headquartered in New York City, NY, MSHS has about 4,000 beds and 43,000 employees, with nearly 18,500 of them employed by the Mount Sinai Hospital.

Key information to know about Mount Sinai Hospital (MSH), as reported on the Form 990 (2020) submitted to the IRS includes: Read more »

14
Mar

Executive Compensation at UPMC (2022)

The University of Pittsburgh Medical Center is a tax-exempt, non-profit healthcare provider with more than 95,000 employees that work in 40 hospitals and more than 800 healthcare-related clinics/offices and a 4 million member insurance services division (the largest medical insurer in western Pennsylvania).

The organization consists of hundreds of related/affiliated organizations (both non-profit and for-profit). This post addresses the executive compensation at UPMC Group (UPMC), a tax-exempt, non-profit 501 (c) 3 that employs the largest number of employees (75,000) within the system.

Of key importance is the 20 most highly compensated employees received more than $300 million in compensation from 2016-2022. Read more »

12
Mar

Executive Compensation at UPMC (2021)

The University of Pittsburgh Medical Center is a tax-exempt, non-profit healthcare provider with more than 95,000 employees that work in 40 hospitals and more than 800 healthcare-related clinics/offices and a 4 million member insurance services division (the largest medical insurer in western Pennsylvania).

The organization consists of hundreds of related/affiliated organizations (both non-profit and for-profit). This post addresses the executive compensation at UPMC Group (UPMC), a tax-exempt, non-profit 501 (c) 3 that employs the largest number of employees (72,000) within the system.

Of key importance is the 14 most highly compensated employees received more than $220 million in compensation from 2016-2021. Read more »

10
Mar

The Bee Gees: How Can You Mend a Broken Heart: A Documentary to Watch

The Bee Gees: How Can You Mend a Broken Heart is one of the most enjoyable (and nostalgic) documentaries I’ve ever watched. Although the film is fundamentally about a group, the underlying theme is the love story of three incredibly talented brothers who cared deeply for each other but by most accounts would never have stayed together and endured were they not siblings. And, finally, it’s the story of a music industry that didn’t always know what to do with a band that defied norms.

I’m a bit late to the game in writing about this documentary (it was released in 2020) because I just saw it and found the story so compelling that I had to watch it again to fully grasp all the details (hearing the music a second time was just a bonus). There’s the birth of a group that catapults into a band, the success and the ups and downs but there’s also the culture of the 60’s, 70’s, and 80’s and the realization the brothers were better together. Barry Gibb, Maurice Gibb, and Robin Gibb were all singularly musical but the songs they wrote and sang together exponentially outshined their individual gifts. Read more »

8
Mar

Executive Compensation at Wounded Warriors (2022)

The Wounded Warrior Project is one of the most well-known tax-exempt non-profit charitable organizations focused on rebuilding the lives of wounded veterans. Established in 2003, the Wounded Warrior Project (Wounded Warrior) is headquartered in Jacksonville, Florida with about 900 employees. A 501 (c) (3) charitable organization, their mission is to “honor and empower wounded warriors.”

There are 13 independent voting members (directors) of the governing body although 15 are listed on the Form 990 (2021 for the year ending September 30, 2022) which appears to be due to timing differences. 9 directors (60%) are male and 6 (40%) are female. Read more »

6
Mar

Where Does $100 to Wounded Warriors Go (2022)?

The Wounded Warrior Project is one of the most well-known non-profit charitable organizations focused on rebuilding the lives of wounded veterans. Established in 2003, the Wounded Warrior Project is a non-profit, tax-exempt 501 (c) (3) charitable organization whose stated mission is to “honor and empower wounded warriors.”

Most donors want to know how their donations are spent.  If you gave $100 to the Wounded Warrior Project in 2022, the short answer is that $14 was allocated to savings leaving $86 spent on five major categories:   Read more »

4
Mar

Executive Compensation at the ASPCA (2022)

The ASPCA is a non-profit tax-exempt 501 (c) (3) based in New York City, New York. As such, the organization submits a Form 990 to the IRS annually and makes a copy available to the public. The most recent IRS Form 990 (2022) reports the ASPCA: Read more »

2
Mar

Where Does $100 to the ASPCA Go (2022)?

If you donated $100 to the ASPCA in 2022 and want to know how your donation was spent, know:

  • $55 went to pay staff, office-related expenses, travel and conferences.
  • $25 went to pay advertising and promotion and fees for outside services, including professional fundraisers.
  • $7 out of every $100 was spent on veterinary services, operating supplies, and grants to other non-profits whose mission is to help protect animals.
  • $3 out of every $100 was spent on miscellaneous expenses leaving $ unspent and allocated to the organization’s general fund (which had nearly $500 million at year-end). Read more »
29
Feb

Executive Compensation at the American Jewish Joint Distribution Committee (2022)

The American Jewish Joint Distribution Committee (also known as “The Joint” or the JDC) is a tax-exempt, non-profit 501 (c) (3) with 148 employees in New York City, NY. The governing board – 144 independent board members although 151 board members are listed on the Form 990 (the difference appears to be due to timing issues and is comprised of 78 males and 73 females.  That there are more board members than employees is interesting to note.

As one of the leading humanitarian organizations that works in 70 countries, the JDC works to rescue and provide aid to Jews in the advancement of Jewish life across the globe, primarily through awarding grants:  in 2022, $272 million, or 60% of revenue was used for grants (primarily to foreign organizations).

So, if you made a $100 donation to the JDC in 2022, $60 was allocated to grants, $27 was used for organization expenses and $13 was allocated to savings. Read more »