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Posts from the ‘Non-Profits’ Category

27
Nov

How Dairy Management Inc (DMI) Spends Revenue (2019)

Dairy Management Inc (DMI) is a non-profit, tax-exempt 501 (c) (6) whose purpose is to promote dairy products in order to increase consumption of dairy products.  Funded by a mandate by Congress, DMI is what is referred to as a “check off program” where all producers have to contribute funds for the good of the industry. Dairy farmers are required to contribute 15 cents per 100 pounds (foreign dairy farmers are required to contribute 7.5 cents per 100 pounds) which equates to about 1.5 cents per gallon of milk.

DMI has 78 independent voting members (Directors) on its governing body although 84 are listed on the most recent Form 990 (which appears to be due to timing differences).  61 of the 84 (73%) are male while 23 of the 84 (27%) are female (note:  The Form 990 does not disclose gender; determinations were based on name and google searches). Read more »

25
Nov

Where Does $100 to Homes for Our Troops Go (2021)?

Homes For Our Troops provide a much needed product (build and donate custom homes outfitted for disabilities) and a service (a pro-bono financial planner for three years to assist in financial planning and household budgeting, along with homeownership education and warranty coverage to ensure that the Veteran is set up for long-term success as a homeowner).

Homes For Our Troops is a tax-exempt, non-profit 501 (c) (3) established in 2004 in Massachusetts “to build and donate specially adapted custom homes nationwide for severely injured post-9/11 veterans to help them rebuild their lives.” Over the past 17 years (2004-2021), 325 homes (an average of 19 custom homes annually) have been built for veterans who have “sustained injuries including multiple limb amputations, partial or full paralysis, and/or severe traumatic brain injury (TBI).” Read more »

23
Nov

Executive Compensation at the American Cancer Society (2020)

The American Cancer Society (ACS) is a tax-exempt, non-profit 501 (c) (3) dedicated to eliminating cancer by funding cancer research and focusing on prevention and detection, and treatment. Key information about ACS includes:

  • ACS is headquartered in Atlanta, Georgia but the organization has more than 350 offices throughout the country.
  • ACS raises$$600-$700 million annually.
  • ACS has $1.2 billion in net assets.
  • There are 22 independent voting members of the governing body, 18 (82%) of whom are male and 4 (18%) who are female (Note:  the Form 990 does not report gender identity. The numbers are based on names and google searches).

Read more »

21
Nov

Where Does $100 to the American Cancer Society Go (2020)

The American Cancer Society (ACS) is a tax-exempt, non-profit 501 (c) (3) dedicated to eliminating cancer by funding cancer research and focusing on prevention and detection, and treatment.

Headquartered in Atlanta, Georgia, the ACS has a presence throughout the country (divided into 6 geographic regions) with 350 offices in all 50 states, Washington, DC, Guam and Puerto Rico.

There are 22 independent voting members of the governing body, 18 (82%) of whom are male and 4 (18%) who are female (Note:  the Form 990 does not report gender identity. The numbers are based on names and google searches). Read more »

19
Nov

Executive Compensation at the Metropolitan Museum of Art (2021)

The Metropolitan Museum of Art (Met) is the largest art museum in the US with two sites in New York City (the Met Fifith Avenue and the Met Cloisters).  Established in 1870, the Met is a tax-exempt, non-profit 501 (c) (3) based in New York City with 50 trustees (48 of whom are independent), although 52 are listed on the Form 990 (2020 for the year ending June 30, 2021) due to timing differences.  34 of the 48 (65%) listed are male while 18 (35%) are female.

For the year ending June 30, 2021, the Met reported the following information: Read more »

17
Nov

Executive Compensation at Providence Health and Services (WA) 2019

Providence Health and Services – Washington (PH&S) is part of the Providence St Joseph Health (PSJH), a non-profit, tax-exempt integrated healthcare provider associated with the Catholic Church. With 51 hospitals and nearly 1,100 clinics staffed by 120,000 employees across seven western states (Washington, Oregon, Montana, New Mexico, California, Texas, and Alaska), the Providence St Joseph Health system came to be when PH&S merged with Providence St. Joseph Health (PSJH), in 2016. (note: PSJH – the overall executive management arm – is the sole member of PH&S). Read more »

15
Nov

Executive Compensation at Northwestern Medicine (2020)

Northwestern Memorial HealthCare (NMH) is commonly known as Northwestern Medicine, and is a non-profit, tax-exempt 501 (c) (3) that provides healthcare in more than 200 locations (including 13 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 (2019 for the year ending August 31, 2020):

NMH has $8.1 billion in net assets (up from $6.4 billion in 2018). The $1.7 billion increase is primarily attributed to transfers from affiliated organizations and excess revenue over expenses, all of which means NMH made a lot of money from healthcare over the past few years. Read more »

13
Nov

Where Does $100 to Feeding America Go (2021)?

Established in 1988, Feeding America has been around for more than three decades and has grown substantially through the years.

For the year ending, June 30, 2021, Feeding America raised $4.1 billion (compared to $3.6 billion in 2020 and $2.8 billion in 2019) of which $3.4 billion (83%) were non-cash contributions (i.e. food) and about $700 million (17%) cash – primarily from contributions ($500 million), program revenue sources ($29 million), and royalties ($116 million). With most contributions being food for distribution to the vast network of food banks across the country, the question that many donors and potential donors want to know is how the $700 million in cash revenue was spent. Read more »

11
Nov

Executive Compensation at Feeding America (2021)

Feeding America is a 501 (c) (3) whose mission is “to feed America’s hungry through a nationwide network of food banks and engage the country in the fight to end hunger.” With more than 37 million people (or 1 out of 9 people) experiencing hunger every day, Feeding America seeks to alleviate hunger by procuring and distributing food, creating public awareness and educating the public, lawmakers, and public policy influencers, and conducting research on hunger.

In 2021, Feeding America raised $4.1 billion of which $3.4 billion or 83% were non-cash contributions (food) and $700,000 were cash contributions, program revenue, and royalties.  The organization’s largest expense was grants – primarily food  ($3.4 billion). The second largest expense was compensation for the 318 employees who received $46 million, which equates to an average compensation of $145,000.  137 employees received more than $100,000 in compensation with the 19 most highly compensated employees listed below: Read more »

9
Nov

Executive Compensation at NorthShore University HealthSystem (2020)

NorthShore University HealthSystem (NUH) is a non-profit, tax-exempt 501 (c) (3) healthcare provider with 6 hospitals, and numerous 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 (2019 for the year ending September 30, 2020) include the following: Read more »