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Posts from the ‘Kids’ Category

19
Oct

Where Does $100 to Harlem Children’s Zone Go?

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 »

21
Mar

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 »

19
Mar

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 »

9
Mar

Where Does $100 to Baby2Baby Go?

Baby2Baby is a relatively young organization, established six years ago in 2014 as a non-profit, tax-exempt 501 (c) (3) to provide children between 0-12 years old with the necessities (i.e. diapers, clothing, shoes, hygiene products, toys, books, backpacks) that every child deserves but doesn’t always receive.

Supported by many big names in Hollywood including Jessica Alba, Nicole Ritchie, Chrissy Teigan, Kelly Rowland, Rachel Zoe, Jennifer Meyer, Amy Adams, Drew Barrymore, Kate Hudson, Zoe Saldana, and dozens more, Baby2Baby is based in Los Angeles although the organization’s national network has grown to 37 cities. Read more »

26
Jan

Where does $100 to the Make-A-Wish Foundation Go?

The Make-A-Wish Foundation of America (MAW) was established as a non-profit tax-exempt 501 (c) (3) in 1980 in Phoenix, Arizona to grant the wishes of children diagnosed with critical illnesses. Today, the national headquarters and founding chapter is still in Phoenix but the organization has about 62 chapters throughout the United States and 39 affiliates in nearly 50 countries worldwide. This post addresses the national headquarters whose focus is on fundraising, managing the assets of the organization, and making grants to the Make-A-Wish affiliates.

In a nutshell, MAW raises about $100 million annually, spends about $100 million annually (about half of which is used for grants to affiliate chapters), and has $43 million in fund balances (which is often referred to as the endowment). Read more »

24
Jan

Executive Compensation at Make-A-Wish (2018)

The Make-A-Wish Foundation (MAW) was established in 1980 in Phoenix, Arizona to grant the wishes of children diagnosed with critical illnesses. Today, the national headquarters and founding chapter is still in Phoenix but the organization has 62 chapters throughout the United States and 39 affiliates in nearly 50 countries worldwide. Although each of the affiliates raises funds for their respective chapter, the MAW headquarters also makes a grant annually to the affiliates, along with setting policies and assisting the chapters in making their wishes.

The MAW headquarters raises about $100 million annually, spends about $100 million annually of which $55 million is spent on grants to affiliates, and has about $43 million in their general fund, which is often referred to as their endowment.  The single largest expense at MAW headquarters (after grants) is compensation ($21 million) for the 271 employees, which equates to an average compensation of about $75,000. Read more »

8
Jan

Where Does $100 to the March of Dimes Go (2018)?

The March of Dimes continues to endure. For people following the March of Dimes, the past few years have been difficult on the organization.

Just 5 years ago the March of Dimes had $75 million in net fund assets and was raising close to $200 million annually, but they were spending more than they raised.  Over the next few years, revenue started to decline and the organization went into a negative net fund position because they were spending anywhere from $8-$27 million more than they raised annually, had to fund a pension/post retirement liability, and had losses on investments. Read more »

6
Jan

Executive Compensation at the March of Dimes (2018)

The March of Dimes continues to endure. For people following the March of Dimes, the past few years have been tough on the organization.

Just 5 years ago the March of Dimes had $75 million in net fund assets and was raising close to $200 million annually, but they were spending more than they raised.  Over the next few years, revenue started to decline and the organization went into a negative net fund position because they were spending anywhere from $8-$27 million more than they raised annually, had to fund a pension/post retirement liability, and had losses on investments. Read more »

15
Dec

Where Does $100 to Big Brothers Big Sisters Go (2018)?

Big Brothers Big Sisters includes more than 250 non-profit organizations nationwide:

  • The national office:  Big Brothers Big Sisters of America (BBBSA)
  • The foundation:  Big Brothers Big Sisters Foundation (BBBAF)
  • The affiliates: 250 local affiliate offices

BBBSA is the largest of the Big Brothers Big Sisters organizations (in terms of revenue raised) so the focus of this post will be on the national office and how they spent revenue in 2018 (but don’t hesitate to read the Form 990 for your local affiliate to find out how they spent revenue).

It is important to note that if a contribution was given to the national office, the revenue was spent differently than if given to a local office because at the national level, revenue was basically spent three ways: supporting the national organization’s staff and overhead including fundraising, providing grants, and providing education and support to the affiliates. The provision of grants is not the local affiliates’ mission; instead, the local affiliate is the receiver of grants which are used to provide program services at the local level. Read more »

29
Nov

Executive Compensation at Big Brothers Big Sisters (2018)

Big Brothers Big Sisters is actually the abbreviated name of more than 250 affiliated organizations around the country. At the heart of Big Brothers Big Sisters is the national office which is named Big Brothers Big Sisters of America (BBBSA). BBBSA not only raises revenue and awards grants to the affiliates but also provides guidance, standards, training, and education to the affiliates. Therefore, the executive compensation at BBBSA is the focus of this post (However, it is important to note that each affiliate is a separate 501 (c) (3) that files a Form 990 with the IRS. Executive compensation within each affiliate is listed on the Form 990 submitted by the affiliate.

BBBSA employed 53 staff (down from 60 the prior year) who were compensated $4.5 million ($200,000 more than the previous year), which equates to an average compensation of $85,000 in 2018 (note:  the year began July 1, 2017 and ended June 30, 2018).  7 employees received more than $100,000 in compensation with the most highly compensated employees listed below: Read more »