Intermountain Healthcare refers to a large healthcare system (22 hospitals and nearly 200 clinics) based in Salt Lake City, Utah. Although there are numerous non-profits under the Intermountain Healthcare system, the primary entities include IHC Health Services, Inc. and the Intermountain Healthcare Foundation, Inc. – both of whom operate out of the same office.
In short, IHC Health Services, Inc. reported $6 billion in revenue in 2017. Expenses were $5.5 billion (including $277 million in depreciation) which helped the organization (along with nearly $400 million in net unrealized gains on investments) to increase the general fund (or net fund assets) by nearly $1 billion in 2017 from $5.6 billion to $6.5 billion.
In 2017, IHC Health Services, Inc.employed 44,323 individuals who were compensated nearly $2.8 billion, which equates to an average compensation of $63,200.
4,209 employees received more than $100,000 in compensation with the 28 most highly compensated employees listed below: Read more
Listening to Andrew Cuomo, the governor of New York, talk about the logistic nightmare of working with hospitals in the greater New York area made me curious to know more.
At the core of the problem is a hospital system where there are 2 types of hospitals: public (which tend to be more overwhelmed right now) and private. These two separate hospital systems don’t generally work together since public hospitals are tax-exempt while private hospitals are driven by profitability.
Although public hospitals are usually referred to as non-profit hospitals, the words “non-profit” refer to their tax exempt status, not a propensity to avoid making a profit. A non-profit can report a profit; they just don’t pay taxes on the profit. Instead, the profit is treated as an addition to the general fund or what many people refer to as the endowment. In a non-profit, the wealth stays in the organization for the ultimate benefit of those served while in a for-profit, the wealth is shared by the owners or shareholders. Read more
Dairy Management Inc (DMI) is the big organization that most people haven’t heard of because unless you’re a dairy farmer, work in the dairy industry, or work in the corporate offices of Pizza Hut, Taco Bell, or KFC, you would have no reason to know that this non-profit, tax-exempt 501 (c) (6) is the most powerful non-profit dairy organization in the country.
Considered a “check-off” program authorized by Congress but responsible to their members, DMI’s mission is to increase consumption of dairy products by finding more ways to get dairy products to the public including assisting fast food companies with menu items. Read more
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.
In 2017, DMI reported total revenue of $155 million, most of which came from program and core funding revenue. Expenses were $155 million and were categorized as follows: Read more
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
The Academy of Nutrition and Dietetics (AND) is a non-profit, tax-exempt 501 (c) (6) – a professional organization – that represents more than 100,000 credentialed food and nutrition professionals although membership is reported to be 73,000.
Formerly known as the American Dietetic Association until 2012 when the name was changed to the Academy of Nutrition and Dietetics, AND has been around since 1917. An affiliated organization – Academy of Nutrition and Dietetics Foundation (- a 501 (c) (3)) has been around since 1966 and operates out of the same office address. Read more
The Academy of Nutrition and Dietetics is a non-profit, tax-exempt 501 (c) (6) – a professional organization – that represents more than 100,000 credentialed food and nutrition professionals. Although the organization formerly known as the American Dietetic Association until 2012 when the name was changed to the Academy of Nutrition and Dietetics, has been around since 1917, the Academy of Nutrition and Dietetics Foundation (a 501 (c) (3)) has only been around since 1966. The focus of this post is on how revenue is spent at the Academy of Nutrition and Dietetics (AND). Read more
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
The Institute of Electrical and Electronics Engineers (IEEE – pronounced “I Triple E”) is a non-profit tax-exempt 501 (c) (3) – a professional association for electrical and electronic engineers that serves the public good through its scientific and education (making their work available on a non-discriminatory basis (note: a 501 (c) (6) serves an industry – not the public – and does not need to make their work available to the public in a non-discriminatory basis).
Headquartered in Piscataway, New Jersey, IEEE reported having 1,289 employees who were compensated $175 million in 2018, which equates to an average compensation of $135,800. 502 employees received more than $100,000 in compensation with the 13 most highly compensated employees listed below: Read more