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Posts from the ‘Non-Profits’ Category

14
Jul

Where Does $100 to the International Union of Police Associations (IUPA) Go (2018)?

The International Union of Police Associations AFL-CIO (IUPA) is a non-profit, tax-exempt 501 (c) (5) – a labor union –  whose mission is to be “the voice of law enforcement officers.”   IUPA is the AFL-CIO’s main police union with an estimated 19,000 members.

According to the Form 990 (2017) covering the year beginning April 1, 2017 to March 31, 2018 submitted by IUPA to the IRS, IUPA reported $19.5 million in revenue of which only $3.3 million came from membership dues. $16.2 million came from contributions which were primarily phone solicitation fundraisers who were compensated $14.4 million, netting IUPA $1.8 million. In other words, for every $1 raised by the phone solicitation fundraisers, only 11 cents went to IUPA because the phone solicitors kept 89 cents of every $1 or $89 of every $100 raised. Read more »

12
Jul

Executive Compensation at the New York and Presbyterian Hospital

New York and Presbyterian Hospital (NYPH) – a non-profit, tax-exempt 501 (c) (3) hospital – is often referred to as New York-Presbyterian Hospital.  But, the NYPH actually consists of 7 hospitals/medical centers.  A teaching hospital in New York City, NYPH is affiliated with two medical schools (Columbia and Weill Cornell) and is part of the New York-Presbyterian healthcare network that includes three other divisions:

  • New York-Presbyterian Regional Hospital Network: 3 hospitals
  • New York-Presbyterian Physician Services:  the medical groups
  • New York-Presbyterian Community and Population Health:  ambulatory care and community health

Read more »

10
Jul

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 »

8
Jul

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, MSHA 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 »

6
Jul

Executive Compensation at Mercy Health (Cincinnati, OH)

Mercy Health is a non-profit, tax-exempt 501 (c) (3) healthcare provider in eight (8) regions (Cincinnati, Toledo, Youngstown, Springfield, Lima, Lorain, Northern Kentucky, and Paducah) in Ohio and Kentucky through 23 hospitals and hundreds of clinics, urgent care, and medical center locations. Although Mercy Health consists of dozens of affiliated and related organizations, the purpose of this post is the executive compensation as reported on the Form 990 (2017) submitted by Mercy Health to the IRS.  However, it is important to note the following information about Mercy Health: Read more »

4
Jul

Executive Compensation at the National Collegiate Athletic Association (NCAA)

The National Collegiate Athletic Association (NCAA) is a non-profit, tax-exempt 501 (c) (3) organization focused on college sports in the US. With 1,100 member colleges and universities in 102 athletic conferences across the country that participate in 90 championships in 24 sports in 3 divisions, the NCAA is a powerful and well financed organization.

The NCAA raised about $1.1 billion in 2017 – most of which came from from television rights (77%) and championships/National Invitation Tournament (10% of revenue) and investment income (10% of revenue). Expenses were nearly $1 billion with the 3 largest expense scholarships and grants ($586 million), championship expenses ($134 million), and compensation ($70 million). Read more »

2
Jul

How Revenue is Spent at the National Collegiate Athletic Association (NCAA)

The National Collegiate Athletic Association (NCAA) is the most well known non-profit, tax-exempt organization focused on college sports in the US. With 1,100 member colleges and universities  in 102 athletic conferences across the country that participate in 90 championships in 24 sports in 3 divisions, the NCAA is a powerful and well financed organization.

The NCAA raises about $1 billion annually ($1.1 billion in 2017; $1 billion in 2016) and it may surprise you to learn the number one source of revenue for this 501 (c) (3) is television rights fees (about 77% of revenue) followed by championships and the National Invitation Tournament (about 12% of revenue) and investment gains and income (10% of revenue). Read more »

30
Jun

Executive Compensation at the Food Marketing Institute

You’re not alone if you’ve never heard of the Food Marketing Institute (FMI) – a non-profit, tax-exempt organization based in Arlington, Virginia whose mission, as a trade association, is to “represent, educate and improve the food industry.”  Formerly called the Supermarket Institute, FMI represents an estimated 1,500 members (40,000 retail food stores, 25,000 pharmacies and an indeterminate number of suppliers and business partners within the food retail industry).

In a country flush with trade associations that raise hundreds of millions of dollars, FMI is small:  they raise about $30 million annually ($26-$32 million annually over the most recent five year period) that comes primarily from two sources (membership dues and registration fees/exhibit fees, and sponsorships) and spend slightly less (primarily on compensation for the 85 employees, travel and conferences, fees for outside services, and office expenses). Read more »

28
Jun

How Revenue is Spent at the International Union of Police Associations (IUPA) (2019)

The International Union of Police Associations AFL-CIO (IUPA) is a non-profit, tax-exempt 501 (c) (5) – a labor union –  whose mission is to be “the voice of law enforcement officers.”  With an estimated 23,000 members, IUPA is the largest police union in the AFL-CIO..

According to the Form 990 (2018) covering the year April 1, 2018 to March 31, 2019 submitted to the IRS, IUPA reported $11.7 million in revenue (down 40% from $19.5 million the previous year) of which only $3.7 million came from membership dues. $8 million came from contributions which were primarily phone solicitation and telemarketing fundraisers who raised $7.9 million and were compensated $7 million, netting IUPA about $900,000. In other words, for every $1 raised by the phone solicitation fundraisers, only 11 cents went to IUPA because the phone solicitors kept 89 cents of every $1 or $89 of every $100 raised. Read more »

26
Jun

The IUPA, the IUPA Call Center, and Office Space in Sarasota, FL

The IUPA (International Union of Police Associations) is a non-profit, tax-exempt 501 (c) (5) based in Sarasota, Florida.  A labor union representing the police, IUPA is also the largest police union in the AFL-CIO with an estimated 23,000 members.

From 2005 to March of 2020, IUPA rented office space in Sarasota to house their employees (about 25 over the past few years). Occupancy costs in recent years (based on the Form 990’s the IUPA submitted to the IRS) ran about $400,000-$450,000 annually.

In November, 2019, IUPA closed on a 17,400 square foot office building in Sarasota they purchased for $2.6 million, putting down about $500,000 and obtaining a mortgage for about $2.1 million. In March of 2020, IUPA moved from their previously rented space (1549 Ringling Boulevard, Sarasota, FL) to the newly acquired and renovated office space at 5632 Bee Ridge Road in Sarasota with the intention to occupy about 10,000 square feet and lease out the remaining 7,400 square feet. Read more »