Executive Compensation at the American Federation of Teachers (AFT)
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, 2018, AFT reported total revenue of $229 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 398 employees who received $61 million, which equates to an average compensation of $153,300. However, only 178 employees (45%) received more than $100,000 in compensation. The eight most highly compensated employees were reported to be: Read more 
Executive Compensation at the United Negro College Fund (UNCF)
The United Negro College Fund (UNCF) is a non-profit, tax-exempt 501 (c) (3) based in Washington, DC. Established in 1944, UNCF funds scholarships for students and also scholarship funds at 37 private historically black colleges and universities (member institutions).
In 2018-2019 UNCF reported having 255 employees who received $21 million in compensation, which equates to an average compensation of $79,000. 48 employees received more than $100,000 in compensation with the most highly compensated employee being the President and CEO, Michael L Lomax who received $838,291 in compensation. Read more
Where Does Revenue to the United Negro College Fund (UNCF) Go?
The United Negro College Fund (UNCF) is one of the few non-profits experiencing a steep decline in revenue while keeping their expenses relatively constant resulting in decline in net assets over the past few years (in millions): Read more
Executive Compensation at Oberlin
Oberlin College (Oberlin) is a liberal arts college (College of Arts and Sciences) and music conservatory (Conservatory of Music) with approximately 3,000 students in Oberlin, Ohio (about 40 miles southwest of Cleveland). Established in 1833, Oberlin has graduated Rhodes Scholars (16), Pulitzer Prize Winners (7), MacArthur Fellows (12), Truman Scholars (20), and Nobel Laureates (3).
Tuition, room, and board is nearly $80,000 (with health insurance) annually making a 4-year degree a total cost of $320,000. Oberlin awards about $60 million annually in the form of financial aid. According to the most recent available Form 990 (2016 for the year ending June 30, 2017), 2,710 students received $62 million, which equates to an average financial aid of $23,000. Read more
Executive Compensation and Perks and Liberty University (2018)
With the most recent headlines reporting the resignation of Jerry Falwell, Jr. following several scandals including his wife’s affair with another man that lasted from 2012-2018, Falwell’s alleged penchant for watching his wife have sex with the young man, and that Liberty University is said to owe $10.5 million (2 years of salary at $1.25 million a year plus $8 million because his responsibilities were curtailed) to Falwell, we all have to wonder what’s been going on at Liberty University?
When questioned about the $10.5 million in exit compensation, Mr. Falwell said “I didn’t break any rules – I get my compensation.” But the more important question is why the trustees of Liberty University ever entered into a contract with Falwell that would commit the university to paying Falwell $10.5 million if he left the university? Was he that much of an asset to Liberty? Could he have gotten that sweet deal from anywhere else? The answer is probably no and no. So, why did the trustees give Falwell such a generous contract? And, if he didn’t break any rules, why did he tender his resignation to the Board of Trustees and why did they so readily accept it? Read more
Executive Compensation at the Icahn School of Medicine at Mount Sinai
The Icahn School of Medicine at Mount Sinai (ISMMS) is a non-profit, tax-exempt 501 (c) (3) research medical school that is part of the Mount Sinai Health System, which includes eight hospitals in the New York City area. Key information about ISMMS include the following: Read more
Executive Compensation at Mount Sinai Hospital
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 38,000 employees, with nearly 16,500 of them employed by the Mount Sinai Hospital.
Key information to know about Mount Sinai Hospital (MSH), as reported on the Form 990 (2017) submitted to the IRS includes: Read more
Executive Compensation at the Robin Hood Foundation (2018)
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 2018, the organization collected $133 million in revenue and awarded $173 million in grants – $40 million more than the organization raised).
In 2018, RHF had 135 employees who were compensated $18 million, which equates to an average compensation of $136,000. However, only 54 employees received more than $100,000 in compensation. The 12 most highly compensated individuals were: Read more
Where Do Donations to the Robin Hood Foundation Go (2018)?
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 “Robin Hood’s Board of Directors underwrites all operating 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 Rensselaer Polytechnic Institute (2017)
Rensselaer Polytechnic Institute (RPI) is a private non-profit 501 (c) (3) college that specializes in engineering, technology, and the sciences. Located on 300 acres in Troy, New York, RPI also has two campuses in Connecticut – in Hartford and Groton. But, what also makes this institute well-known is its inclusion on lists of most highly compensated employees.
About 8,000 students (mostly undergraduate) attend RPI where annual tuition is about $54,000 plus about $20,000 for room and board bringing the total annual cost to $74,000. However, nearly 8,000 recipients received $187 million in non-cash tuition discounts (an average of $23,500). Read more
