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Posts by Anne Paddock

18
Jan

Executive Compensation at the American Federation of Teachers (2022)

The American Federation of Teachers (AFT) is the second largest teacher’s union (although membership is not limited to teachers) with 1.7 million members (after the National Education Association) in 3,000 local affiliates in the USA. A non-profit, tax-exempt 501 (c) (5), the AFT is based in Washington, DC and is an affiliate of the AFL-CIO.

For the year ending June 30, 2022, AFT reported total revenue of  $206 million (mostly from membership dues) and expenses of $190 million (with the unspent funds added to the general fund). The largest expense for the organization was compensation for the 354 employees who received $63 million, which equates to an average compensation of $178,000. However, only 205 employees (58%) received more than $100,000 in compensation. The 8 most highly compensated employees were reported to be: Read more »

16
Jan

Executive Compensation at the National Retail Federation (2022)

The National Retail Federation (NRF) is a non-profit, tax-exempt 501 (c) (6) – a membership based trade association  – whose mission is to “advance and protect the interests of the retail industry and to help retailers achieve excellence in all areas of their business.” That’s quite a mission, given the retail environment in this country.  Retailers – both national chains and local – view an on-line presence a virtual requirement for survival.

Governed by 32 board members, 31 of whom are independent (36 are reported on the Form 990 due to timing differences; 27 are male while 9 are female), NRF is based in Washington, DC. Read more »

14
Jan

Executive Compensation at Shriners Hospitals for Children (2022)

Shriners Hospitals for Children is a network of hospitals, medical and satellite centers, outpatient facilities, ambulatory surgery care centers, and outreach centersthat provide specialized pediatric care (orthopedics, burn, spinal cord, and palate) for children under the age of 18. According to the Shriners website, all but 2 of the hospitals (Canada and Mexico) are located in the United States under two non-profit corporations:

  • The Shriners Hospitals for Children (for 11 hospitals, 1 outpatient facility (Salt Lake City), 2 ambulatory surgery centers, and 4 clinics) – a Colorado corporation based in Tampa, Florida; and
  • The Shriners Hospitals for Children (for 1 hospital and 1 outpatient facility in Massachusetts) – a Massachusetts corporation based in Tampa, Florida.

Read more »

12
Jan

Where Does $100 to Shriners Hospitals for Children Go (2022)?

Shriners Hospitals for Children is a network of hospitals, medical and satellite centers, outpatient facilities, ambulatory surgery care centers, and outreach centersthat provide specialized pediatric care (orthopedics, burn, spinal cord, and palate) for children under the age of 18. According to the Shriners website, all but 2 of the hospitals (Canada and Mexico) are located in the United States under two non-profit corporations:

  • The Shriners Hospitals for Children (for 11 hospitals, 1 outpatient facility (Salt Lake City), 2 ambulatory surgery centers, and 4 clinics) – a Colorado corporation based in Tampa, Florida; and
  • The Shriners Hospitals for Children (for 1 hospital and 1 outpatient facility in Massachusetts) – a Massachusetts corporation based in Tampa, Florida.

Read more »

10
Jan

Executive Compensation at Shriners Hospitals for Children (2021)

Shriners Hospitals for Children is a network of hospitals, medical and satellite centers, outpatient facilities, ambulatory surgery care centers, and outreach centersthat provide specialized pediatric care (orthopedics, burn, spinal cord, and palate) for children under the age of 18. According to the Shriners website, all but 2 of the hospitals (Canada and Mexico) are located in the United States under two non-profit corporations:

  • The Shriners Hospitals for Children (for 11 hospitals, 1 outpatient facility (Salt Lake City), 2 ambulatory surgery centers, and 4 clinics) – a Colorado corporation based in Tampa, Florida; and
  • The Shriners Hospitals for Children (for 1 hospital and 1 outpatient facility in Massachusetts) – a Massachusetts corporation based in Tampa, Florida.

Read more »

8
Jan

Executive Compensation at the NRA (2022)

The National Rifle Association of America (NRA) is a non-profit 501 (c) (4) organization or what many people refer to as an membership advocacy organization that fights tirelessly for our second amendment rights and pays their executives very well while also paying for first class or charter travel.

The most recent IRS Form 990 (2022) reports the organization employed 507 individuals (compared to 521 in 2021, 640 in 2020 and 770 in 2019) who were compensated nearly $48 million, which equates to an average compensation of nearly $95,000. 119 employees (compared to 92 in 2021, 107 employees in 2020 and 149 employees in 2019) received more than $100,000 in compensation while the 16 most highly compensated key executives received nearly $8 million in 2022: Read more

6
Jan

How the NRA Spends Revenue (2022)

When most people think of the NRA they think of the National Rifle Association of America and the second amendment (“A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed”) but there are seven (7) separate non-profits that comprise the NRA:

  • NRA (National Rifle Association of America):  501 (c)(4)
  • NRA Foundation, Inc.:  501 (c)(3)
  • NRA Freedom Action Foundation:  501 (c)(3)
  • NRA Civil Rights Defense Fund:  501 (c)(3)
  • NRA Special Contribution Fund: 501 (c) (3)
  • NRA Political Victory Fund: PAC Section 527
  • NRA Victory Fund:  PAC Section 527

Read more »

4
Jan

Where Does $100 to Shriners Hospitals for Children Go (2021)?

Shriners Hospitals for Children is a network of hospitals, medical and satellite centers, outpatient facilities, ambulatory surgery care centers, and outreach centersthat provide specialized pediatric care (orthopedics, burn, spinal cord, and palate) for children under the age of 18. According to the Shriners website, all but 2 of the hospitals (Canada and Mexico) are located in the United States under two non-profit corporations:

  • The Shriners Hospitals for Children (for 11 hospitals, 1 outpatient facility (Salt Lake City), 2 ambulatory surgery centers, and 4 clinics) – a Colorado corporation based in Tampa, Florida; and
  • The Shriners Hospitals for Children (for 1 hospital and 1 outpatient facility in Massachusetts) – a Massachusetts corporation based in Tampa, Florida.

Read more »

2
Jan

Executive Compensation at Save the Children (2022)

Save the Children – the Fairfield, Connecticut-based non-profit in the US – is formally known as Save The Children Federation, Inc. and is part of the Save the Children Alliance (a group of 30 Save the Children groups throughout the world that also support Save the Children International).  Established in 1932, Save the Children is a 501 (c) (3) and one of the most well-known charities in the world.

There are 32 voting members (trustees) of the governing body (Save The Children Federation, Inc), 31 of whom are independent, according to the 2022 Form 990, 13 of whom are female and 19 are male (note:  The Form 990 does not disclose gender; determinations were made based on name and google searches). Read more »

31
Dec

Where Does $100 to Save the Children Go (2022)

The Save the Children Fund is one of the most recognizable charitable organizations in the world. Established more than a hundred years ago in 1919, the organization is legally known as Save the Children Federation, Inc. in the United States, but is often simply referred to as “Save the Children.”

On the Save the Children website (www.savethechildren.org), the organization reports that “86% of all expenditures went straight to our mission” with the key word being “expenditures.”  Expenses are normally analyzed as a percentage of revenue, not as a percentage of total expenditures because both parts of the equation – revenue and expenses – are important to understand how an organization is operating. Without revenue, it doesn’t matter how much of an organization’s expenditures were spent in a single category.  Both sides of the equation have to be considered. In addition, the word “mission” must be carefully considered. Read more »