Executive Compensation at Boston University
Boston University (BU) is a private research university with an acceptance rate at about 20% of applicants. Located in Boston, Massachusetts, BU has about 35,000 students, of which 17,500 are undergraduates. The annual tuition, room, board, and fees is about $80,000.
In 2020, BU’s total revenue was $2.6 billion (compared to $2.7 billion in 2019) with most of the income coming from 2 sources: contributions, gifts, and grants ($572 million) and tuition, fees, and services ($1.9 biillion). Expenses were $2.4 billion (not including $133 million in depreciation). At year-end, BU had $4.2 billion in net fund assets. Read more 
Executive Compensation at Duke University (2020)
Duke University (Duke) is one of the most academically competitive schools in the country with an acceptance rate at about 8% of applicants. Located in Durham, North Caroline, Duke has about 17,000 students, of which 6,800 are undergraduates. The annual tuition is about $65,000 while room and board adds another $15,000 for a total annual cost of about $80,000.
In 2020, Duke’s total revenue was $3.2 billion (compared to $3.3 billion in 2019) with most of the income coming from 3 sources: contributions, gifts, and grants ($1.6 billion), tuition and academic fees ($1.1 billion) and investment income/sale of assets, and royalties ($450 million). Expenses were $3.1 billion (not including $300 million in depreciation). At year-end, Duke had $10.9 billion in net fund assets. Read more
Executive Compensation at the National Geographic Society (2020)
When we think of the National Geographic Society (NGS), we often think of the magazine, which according to my childhood friends, was the first magazine they could look through to see naked people. But, the National Geographic Society is so much more than just the magazine. In their own words, they “identify and invest in an international community of explorers: leading scientists, educators, storytellers, conservationists, technologists, and many other change makers who help us define some of the critical challenges of our time….”
The NGS is a tax-exempt non-profit 501 (c) 3 organization based in Washington, DC that primarily relies on investment income (gains on the sale of investments, dividends, interest, etc), royalties, and contributions for revenue. With $1.6 billion in net assets, NGS has the ability to rely on these resources to keep their programs going when contributions, gifts, and grants (roughly $20-$30 million annually) are not enough, and when revenue greatly decreases due to unforeseen circumstances, like the pandemic in 2020. Read more
Executive Compensation at the American Council on Education
The American Council on Education (ACE) is “the major coordinating body for the nation’s colleges and universities” to shape policy which would lead one to think the ACE is a trade association. Although ACE is a membership organization (with a reported 1,700 colleges and universities as members that paid about $4,700 each annually), membership dues only make up about 20% of revenue. ACE is actually a tax-exempt, non-profit 501 (c) 3 reliant on several sources of revenue: membership dues, royalties, government contracts, rent income, contributions, gifts, and grants, and registration fees. Read more
Executive Compensation at the Florida Education Association (FEA) 2020
The Florida Education Association (FEA) is a labor union representing about 150,000 teachers and education employees in Florida. Based in Tallahassee, Florida, FEA is the largest union (measured by members) in the State of Florida and is affiliated with the AFL-CIO and the national labor unions: American Federation of Teachers (AFT) and the National Education Association (NEA), which means that membership in a local union (there are about 100) in Florida ensures membership in the FEA, AFT, and NEA. However, Florida is a right-to-work state so public education employees are not required to join a union. Read more
Executive Compensation at Harlem Children’s Zone (2020)
Harlem Children’s Zone (HCZ) was initially established in 1970 as the Rheedlen Centers for Children and Families, New York City’s first truancy prevention program. 21 years later in 1991, the organization took PS 194 and turned it into a community center for after school, weekend, and summer programs for children and families in the local Harlem neighborhood.
Today, HCZ provides free support (after school programs, parent workshops, preschool programs, health programs, and charter schools) to nearly 100 blocks in the Harlem neighborhood to keep kids on track through childhood, college, and the early job market. Read more
Where Does $100 to Harlem Children’s Zone Go (2020)?
Harlem Children’s Zone (HCZ) was initially established in 1970 as the Rheedlen Centers for Children and Families, New York City’s first truancy prevention program. 21 years later in 1991, the organization took PS 194 and turned it into a community center for after school, weekend, and summer programs for children and families in the local Harlem neighborhood.
Today, HCZ provides free support (after school programs, parent workshops, preschool programs, health programs, and charter schools) to nearly 100 blocks in the Harlem neighborhood to keep kids on track through childhood, college, and the early job market. Read more
Executive Compensation at the American Federation of Teachers (2020)
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, 2020, AFT reported total revenue of $206 million (mostly from membership dues) and expenses of $195 million (with the unspent funds added to the general fund). The largest expense for the organization was compensation for the 365 employees who received $60 million, which equates to an average compensation of $164,400. However, only 225 employees (62%) received more than $100,000 in compensation. The 7 most highly compensated employees were reported to be: Read more
How Revenue is Spent at the American Federation of Teachers (2020)
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), AFT is based in Washington, DC and is an affiliate of the AFL-CIO.
The most recent Form 990 (2019 for the year ending June 30, 2020) reports the following information about the AFT: Read more
Where Does $100 to Boys Town Go (2019)?
Boys Town generally refers to a tax-exempt, non-profit organization whose focus is on the care of children and families who need assistance. However, the organization actually consists of many tax-exempt, non-profit organizations in Nebraska, Iowa, Florida, Louisiana, Nevada, Washington, DC, Rhode Island, and Massachusetts, all of whom have one member: Father Flanagans Boys Home (FFBH) and are therefore controlled by FFBH.
Based in Boys Town, Nebraska, FFBH provides medical services at two hospitals and numerous types of outpatient clinics in the Omaha, Nebraska metropolitan area and oversight at the affiliated organizations throughout the country. FFBH is governed by 17 voting members, 16 of whom are independent. Information on the website indicates there are 17 trustees, 10 of whom (59%) are male while 7 (41%) are female. Read more
