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Posts from the ‘Non-Profits’ Category

29
Sep

How Revenue is Spent at Consumer Reports

Consumer Reports, the beloved watchdog organization that many people rely on for objective consumer product information is a non-profit, tax-exempt 501 (c) (3) organization based in Yonkers, New York.  If you’ve ever wondered how Consumer Reports spends the $250 million the organization raises annually, the answer may surprise you. The answer is that nearly $200 million is spent on three things:  compensation for employees, printing, postage/shippng, and order processing, and advertising/promotion. Read more »

27
Sep

Executive Compensation at the United Negro College Fund (UNCF)

The United Negro College Fund (UNCF) is a non-profit, tax-exempt 501 (c) (3) based in Washington, DC. Established in 1944, UNCF funds scholarships for students and also scholarship funds at 37 private historically black colleges and universities (member institutions).

In 2018-2019 UNCF reported having 255 employees who received $21 million in compensation, which equates to an average compensation of $79,000. 48 employees received more than $100,000 in compensation with the most highly compensated employee being the President and CEO, Michael L Lomax who received $838,291 in compensation. Read more »

25
Sep

Where Does Revenue to the United Negro College Fund (UNCF) Go?

The United Negro College Fund (UNCF) is one of the few non-profits experiencing a steep decline in revenue while keeping their expenses relatively constant resulting in decline in net assets over the past few years (in millions): Read more »

23
Sep

Executive Compensation at Novant Health

Novant Health is a non-profit, tax-exempt 501 (c) (3) based in Winston Salem, North Carolina. An integrated healthcare provider, Novant Health has 14 hospitals and medical centers and more than 50 physician clinics and outpatient centers in four states:  North Carolina, South Carolina, Georgia, and Virginia.

It is important to note Novant Health has dozens of related/affiliated 501 (c) (3)’s, taxable partnerships, corporations, and trusts that are listed on Schedule R of the Form 990.  This post addresses the executive compensation at only Novant Health, and not the related/affiliated organizations including the specific hospitals, physician clinics, imaging centers, etc.  However, there are employees whose responsibilities overlap with other affiliated organizations. When this is the case, compensation may also come from related organizations (and this is noted below). Read more »

21
Sep

Executive Compensation at the National Grocers Association

The National Grocers Association (NGA) sounds like a big organization but, in reality, NGA is a small non-profit, tax-exempt trade association that represents independent supermarket operators across the country. This 501 (c) (6) typically raises about $7 million annually (primarily through convention/conference fees, membership dues and royalties) and spends slightly less (primarily on compensation, travel and conferences, and office expenses). At year-end 2017, NGA had $11 in net fund assets. Read more »

17
Sep

How Revenue is Spent at the AFL-CIO

The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) is a federation of 55 labor unions that represent nearly 13 million men and women. A non-profit, tax-exempt 501 (c) (5) – a member labor organization, the AFL-CIO is headquartered in Washington, DC.

Key facts about the AFL-CIO include the following information taken from the IRS Form 990’s: Read more »

15
Sep

Executive Compensation at the AFL-CIO

The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) is a federation of 55 labor unions that represent nearly 13 million workers. A non-profit, tax-exempt 501 (c) (5) – a labor organization, the AFL-CIO is headquartered in Washington, DC.

Key facts about the AFL-CIO include the following information taken from the IRS Form 990’s: Read more »

13
Sep

Executive Compensation at Northwestern Memorial HealthCare (Chicago, IL)

Northwestern Memorial HealthCare (NMH) is a non-profit, tax-exempt 501 (c) (3) that provides healthcare in more than 200 locations (including 10 hospitals) in the Chicago metropolitan area. Headquartered in Chicago, NMH is affiliated with Northwestern’s School of Medicine.

Key facts to know about NMH include the following information taken from the Form 990 (2017 for the year ending August 31, 2018):

NMH has $7.3 billion in net assets (up from $6.4 billion the year before). The $900 million increase is primarily attributed to transfers from affiliated organizations (about $550 million) and excess revenue over expenses (about $350 million), all of which means NMH made a lot of money from healthcare in 2018. Read more »

9
Sep

Executive Compensation at Oberlin

Oberlin College (Oberlin) is a liberal arts college (College of Arts and Sciences) and music conservatory (Conservatory of Music) with approximately 3,000 students in Oberlin, Ohio (about 40 miles southwest of Cleveland). Established in 1833, Oberlin has graduated Rhodes Scholars (16), Pulitzer Prize Winners (7), MacArthur Fellows (12), Truman Scholars (20), and Nobel Laureates (3).

Tuition, room, and board is nearly $80,000 (with health insurance) annually making a 4-year degree a total cost of $320,000. Oberlin awards about $60 million annually in the form of financial aid. According to the most recent available Form 990 (2016 for the year ending June 30, 2017), 2,710 students received $62 million, which equates to an average financial aid of $23,000. Read more »

7
Sep

Executive Compensation at NorthShore University HealthSystem (Illinois)

NorthShore University HealthSystem (NUH) is a non-profit, tax-exempt 501 (c) (3) healthcare provider with 5 hospitals (although the Form 990 reports only 4 hospitals in 2018), clinics, surgery centers, primary care and specialty medical offices, labs and pharmacies in the Chicago metropolitan area. In addition, NUH is affiliated with the University of Chicago medical school.

Key information taken from the Form 990 (2017 for the year ending September 30, 2018) include the following: Read more »