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Posts from the ‘Kids’ Category

7
Jan

Where Does $100 to Shriners Hospitals Go (2019)?

Shriners Hospitals for Children is a network of 22 hospitals that provide specialized pediatric care (orthopaedic, burn, spinal cord, and palate) for children under the age of 18. According to the Shriners website, 20 out of the 22 hospitals are located in the United States and file IRS Form 990’s under two corporations:

  • The Shriners Hospitals for Children (for 18 of the hospitals in the US) – a Colorado corporation based in Tampa, Florida; and
  • The Shriners Hospitals for Children (for 2 of the hospitals in Massachusetts) – a Massachusetts corporation based in Tampa, Florida.

Read more »

30
Dec

Executive Compensation at Save The Children (2018)

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.

In 2018, Save the Children raised $830 million (including $321 million in government grants)  – $70 million more than the previous year – and spent $834 million (not including $2 million in depreciation) primarily on grants ($634 million), staff compensation and benefits ($107 million), fees for services ($46 million), and office-related expenses ($20 million). Read more »

28
Dec

Where Does $100 to Save The Children Go (2018)?

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 to program services” 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, most people want to know how their charitable contribution (which is revenue) was spent. In order to know this, an analysis has to include the revenue collected and the revenue spent. Read more »

18
Dec

Toys For Tots: Where Does Your Donation Go?

Toys for Tots is one of the most well known organizations whose mission is to work with the US Marine Corp to collect new unwrapped toys and distribute those toys to economically disadvantaged children at Christmas time.  A non-profit, tax-exempt 501 (c) 3, Toys for Tots is legally known as Marine Toys for Tots Foundation but nearly everyone refers to the organization as “Toys for Tots.”

There are 11 voting members of the governing party, 10 of whom are independent. 9 of the 11 (82%) directors are male while 2 (18%) are female.

So, if you made a donation in 2019, where did it go?  It depends. If you donated a toy, then more than likely, a child received that toy. If you made a cash donation, then the funds were probably used to pay for organization expenses (i.e. compensation, office-related expenses, fees for services, etc), purchase toys, or put into the general fund (savings). How do I know this? Because the Form 990 that Toys for Tots submitted to the IRS (2019) reports the following information: Read more »

10
Dec

Executive Compensation at the March of Dimes (2019)

2019 was not a great year for the March of Dimes and yet, they continue to endure.  Just six years ago, the March of Dimes had $75 million in net fund assets and was raising nearly $200 million annually but they were spending more than they raised.  Since then, revenue has declined and the organization went into a negative net fund position because they were spending $8-$27 million more than they raised until 2016, had to fund a pension/post retirement fund for employees which for some reason was not funded (and is still not fully funded by $66 million), and had losses on investments. Things were not looking good by 2016 so the organization brought in a new president in 2017 following the retirement of the longtime president. Read more »

8
Dec

Where Does $100 to the March of Dimes Go (2019)?

2019 was not a great year for the March of Dimes and yet, they continue to endure.  Just six years ago, the March of Dimes had $75 million in net fund assets and was raising nearly $200 million annually but they were spending more than they raised.  Since then, the revenue has declined and the organization went into a negative net fund position because they were spending $8-$27 million more than they raised annually, had to fund a pension/post retirement fund for employees, and had losses on investments. Things were not looking good by 2016 so the organization brought in a new president in 2017 following the retirement of the longtime president. Read more »

4
Dec

Where Does $100 to Shriners Hospitals Go (2018)?

Shriners Hospitals for Children is a network of 22 hospitals that provide specialized pediatric care (orthopaedic, burn, spinal cord, and palate) for children under the age of 18. According to the Shriners website, 20 out of the 22 hospitals are located in the United States and file IRS Form 990’s under two corporations:

  • The Shriners Hospitals for Children (for 18 of the hospitals in the US) – a Colorado corporation based in Tampa, Florida; and
  • The Shriners Hospitals for Children (for 2 of the hospitals in Massachusetts) – a Massachusetts corporation based in Tampa, Florida.

Read more »

26
Nov

Executive Compensation at Boys Town

Boys Town refers to a non-profit, tax-exempt organization focused on helping children and their families but the “organization” is actually many non-profit, tax-exempt organizations with one member:  Father Flanagans Boys Home (FFBH) who controls and provides oversight to all the affiliates.

Based in Boys Town, Nebraska, FFBH has two research hospitals (west and east) and 10 non-hospital health care facilities.  However, FFBH has affiliate organizations that also provide services in Nebraska, Iowa, Louisiana, Nevada, Washington, DC, Florida, Rhode Island, and Massachusetts, the Boys Town organizations reach across the US. Read more »

24
Nov

Where Does $100 to Boys Town Go?

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 16 trustees, 10 of whom (73%) are male while 6 (27%) are female. Read more »

21
Oct

Executive Compensation at Harlem Children’s Zone

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 »