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Posts from the ‘Non-Profits’ Category

23
Jan

Where Does $100 to Paralyzed Veterans of America Go?

The Paralyzed Veterans of America (PVA) is a non-profit, tax-exempt 501 (c) 3 based in Washington, DC (although the organization has 70 offices and 33 chapters throughout the country). Established in 1947, PVA has a core mission of vets serving vets, funding spinal cord research, and advocating for disability rights, according to their website. So, the question most donors want to know is:  how much of my donation goes to the organization’s core mission?  The answer:  less than half because the organization spent more than $45 million on a mail program to raise funds.

Key financial information reported by PVA to the IRS on the Form 990 (for the year ending June 30, 2019) include the following: Read more »

21
Jan

Executive Compensation at Save The Children (2019)

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 $782 million (including $327 million in government grants)  – $48 million less than the previous year – and spent $751 million (not including $3 million in depreciation) primarily on grants ($551 million), staff compensation and benefits ($108 million), fees for services ($48 million), and office-related expenses ($20 million). Read more »

19
Jan

Where Does $100 to Save The Children Go (2019)?

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 »

17
Jan

Executive Compensation at Spectrum Health System (Michigan)

The Spectrum Health System is a tax-exempt integrated healthcare system based in Grand Rapids, Michigan. With dozens of related and affiliated non-profit organizations that include 15 hospitals, 12 urgent care facilities, 43 labs, physician practices, a health insurer (Priority Health) and more, the Spectrum Health System generally refers to the whole organization. This post addresses the executive compensation reported on the IRS Form 990 (2017 for the year ending June 30, 2018) for the Spectrum Health System Group Return (SHSGR). Read more »

13
Jan

10 Key Things to Know About Samaritan’s Purse

Samaritan’s Purse – based out of Boone, North Carolina – is a tax-exempt, non-profit 501 (c) (3) established in 1970 by Bob Pierce who died in 1978. W. Franklin Graham (son of Billy Graham) became Chairman, President, and CEO of Samaritan’s Purse in 1979 and has held the position since although he is also an evangelist for the Billy Graham Evangelistic Association.

Samaritan’s Purse is a nondenominational Christian organization that provides “spiritual and physical aid to hurting people around the world.” Read more »

11
Jan

Executive Compensation at the National Chicken Council

Americans love their chicken. In the US, chicken consumption is nearly 100 pounds per capita which is why we raise and slaughter more than 9 billion birds a year.  That’s a lot of chicken.

Although many people consider chicken a “healthy meat,” because chicken has less cholesterol than steaks and burgers, chicken actually has about 20-25 mg of cholesterol per ounce of white meat and about 35-40 mg of cholesterol per ounce of dark meat. Given that most chicken servings are 5-6 ounces per serving, people eating a portion of chicken can expect to add 100 – 240 mg of cholesterol per serving (note:  Our bodies produce all the cholesterol we need. Food from plants – fruits, vegetables, grains, nuts, seeds, etc. don’t have cholesterol). Read more »

9
Jan

Executive Compensation at Shriners Hospitals (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 »

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 »

5
Jan

How Revenue is Spent at Priority Health (Michigan)

Priority Health (PH) is a tax-exempt, non-profit health insurer with a million members throughout Michigan. With three shareholders (Spectrum Health System (93.3%), Munson Healthcare (5.5%), and McLaren Northern Michigan (0.6%), PH  reports having 17 voting members of the governing body, 12 of whom are indecent. The Form 990 (2018) lists 19 directors (two are part year), of which 12 (63%) are male and 7 (37%) are female.

reports having no employees although the organization is staffed with employees at Spectrum Health System who are leased back to PH. Compensation is allocated to PH via a management fee.

Whether you’re a member, prospective member, or just curious about how insurance premiums are spent, this post will tell you how PH spent the premiums (revenue) in 2018. However, it is important to understand that both the insurance benefit provider (PH) and the medical provider (Spectrum Health System) are run by the same people even though they are separate non-profits.  PH is selling the insurance for an HMO or senior market and the care is provided by Spectrum Health System, so the costs are somewhat controlled because one entity is controlling both parts of the health service (the insurance and the benefit). Read more »

3
Jan

Executive Compensation at Sanford Health (SD)

Sanford Health is a non-profit, tax-exempt healthcare system based in Sioux Falls, South Dakota.  Made up of dozens of non-profits, partnerships, corporations, and trusts that include 46 hospitals, 210 clinics, more than 200 senior community living communities, and more staffed by nearly 50,000 employees, Sanford Health operates in 26 states and 10 countries.

The purpose of this post is to report the executive compensation in 2018 as reported by the Sanford Group Return – a tax-exempt, non-profit 501 (c) (3) managed by 14 trustees, 6 of whom are independent.  11 of the 14 (79%) trustees are male while 3 (21%) are female. Read more »