12 Things I Wish I Knew About Non-Profits When I Was 20
Most people want to help others and in the US, that help is often made through donations to non-profits – organizations that are tax-exempt because they are deemed altruistic. But, non-profits are a big business in the United States with an estimated $500 billion in donations made annually to more than 1.5 million organizations that employe an estimated 15 million employees. Read more 
Executive Compensation at United Way (2021)
United Way is one of the most recognizable charitable organizations in the United States and throughout the world. In the United States, “United Way” generally refers to United Way Worldwide (formerly United Way of America) and/or one of the 1,100 local offices in 37 countries and territories that operate as separate 501 (c) (3)’s.
United Way Worldwide is the leadership and support organization for the whole United Way network. Each organization collects funds and makes grants to local organizations, and also contributes a portion of the revenue collected to United Way Worldwide to support oversight operations. Read more
Where Does $100 to United Way Go (2021)?
United Way is one of the most recognizable charitable organizations in the United States and throughout the world. In the United States, “United Way” generally refers to United Way Worldwide (formerly United Way of America) and/or one of the 1,100 local offices in 37 countries and territories that operate as separate 501 (c) (3)’s.
United Way Worldwide is the leadership and support organization for the whole United Way network. Each organization collects funds and makes grants to local organizations, and also contributes a portion of the revenue collected to United Way Worldwide to support oversight operations. Read more
Executive Compensation at Harvard Management (2022)
Harvard Management Company (Harvard Management) provides investment management services to Harvard, a private university with more than $60 billion in net assets. Consequently, revenue comes from Harvard to pay the expenses associated with managing Harvard Management (most of which is compensation and fees for outside services).
To manage these assets, Harvard Management has 133 employees who received $106 million in compensation which equates to an average compensation of $800,000. However, only 91 employees received more than $100,000 in compensation with the 13 most highly compensated to be: Read more
Executive Compensation at Harvard (2021)
Harvard is a private teaching and research university with an acceptance rate at about 5% of applicants. Located in Boston, Massachusetts, Harvard has about 25,000 students (both undergraduate and graduate students). The annual tuition, room, board, and fees is about $77,000 which means a 4-year degree is about $300,000.
There are 13 voting members (Fellows) of the governing body, 10 of whom are independent, 8 of the 13 (62%) are male while 5 of the 13 (38%) are female.
In 2021, Harvard’s total revenue was $9 billion (compared to $7 billion in 2020) with most of the income coming from 3 sources: investment income, gains, and royalties ($5.3 billion), contributions, gifts, and grants ($1.9 billion) and tuition, fees, and services ($1.3 billion). Expenses were $5 billion (not including $388 million in depreciation). At year-end, Harvard had $61 billion in net assets. Read more
I Learned to Boil Water Today
We moved into a new home recently (our last move; 9 major moves in 33 years has depleted my sense of adventure) and although the kitchen looked spectacular when I first laid eyes on it, I didn’t notice the ceramic glass stove top was induction, which means it’s not electric and it’s not gas – the two energy sources I’m familiar with using. Read more
Executive Compensation at Rotary International (2022)
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 $104 million most of which came from membership dues. Expenses totaled $102 million with the largest expense reported to be compensation.
RI reported having 350 employees who were compensated $42 million which equates to an average compensation of $120,000. However, only 90 individuals received more than $100,000 in compensation with the 14 most highly compensated individuals listed below: Read more
Executive Compensation at Rotary International (2021)
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 $96 million most of which came from membership dues. Expenses totaled $86 million with the largest expense reported to be compensation.
RI reported having 343 employees who were compensated $41 million which equates to an average compensation of $120,000. However, only 88 individuals received more than $100,000 in compensation with the 15 most highly compensated individuals listed below: Read more
Executive Compensation at the Horatio Alger Association
The Horatio Alger Association (HAA) is a tax-exempt, non-profit 501 (c) 3, HAA is based in Alexandria, Virginia. The organization is overseen by 72 independent voting members (board members) of the governing body, although 75 are listed on the 2021 Form 990, which appears to be due to timing differences. 68 of the 75 board members (91%) are male while 7 of the 75 members (9%) are female.
HAA was named for the gilded age writer, Horatio Alger who wrote about impoverished boys who rose from their humble backgrounds through education and good works to higher echelons of society. Consequently HAA awards need based scholarships and honors the achievements of those who have overcome adversity and obtained personal achievement and success throw perseverance. At the heart of HAA is the firm belief in achieving the “American Dream” through the free-enterprise system. Read more
How Revenue is Spent at the Horatio Alger Association
The Horatio Alger Association (HAA) is named for the gilded age writer, Horatio Alger who wrote about impoverished boys who rose from their humble backgrounds through education and good works to higher echelons of society. Consequently HAA awards need based scholarships and honors the achievements of those who have overcome adversity and obtained personal achievement and success throw perseverance. At the heart of HAA is the firm belief in achieving the “American Dream” through the free-enterprise system. Read more
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