The American Cancer Society (ACS) is a non-profit 501 (c) (3) based in Atlanta, Georgia. With 6,679 employees in 2016, the ACS focused on awarding grants, advocacy, education and service. Every year, ACS files a Form 990 – a rather lengthy tax return that provides all kinds of financial information about the organization – which is beneficial to the public and donors.
Many donors often wonder “if I gave $100 to a non-profit, how is that $100 spent?” Readers will find the answer to that question and more in this post. Specifically, there are five areas covered: Read more
The Alzheimer’s Association was established in 1980 and is based in Chicago, Illinois although there are 81 chapters in communities nationwide that provide information, referrals, support groups, care consultation, education and safety services to families and professionals.
The Chicago-based organization oversees the chapters and is primarily engaged in raising funds to provide patient and family care information, advocacy, and fund research. The Alzheimer’s Association reported employing 2,307 employees who were compensated $160.8 million in 2016, which equates to an average of $70,000 each. However, 122 individuals received more than $100,000 in compensation with the most highly compensated individuals listed below: Read more
Pomona College (Pomona) in Claremont, California is often referred to as the Harvard of the West (Forbes ranked Pomona the number one college in America in 2015). With only 1,700 students, Pomona charges about $50,000 for tuition and another $16,000 for room and board annually, which is in line with other top private colleges in the country.
Pomona reported $236 million in revenue in 2016 – about half ($104 million) of which came from tuition, room and board payments. The remaining revenue primarily came from the sale of assets ($75 million) and contributions, gifts and grants ($44 million). Expenses totaled $192 million (net of depreciation) including $38 million in tuition assistance to 973 students (an average of $41,000 each). At year-end, Pomona had $2.4 billion in net fund assets. Read more
Vanderbilt University is one of the top private universities in the South and in the USA. At nearly $70,000 a year for tuition, room, and board, Vanderbilt’s fees are right in line with other top private colleges and, yet people still wonder why a 4-year education at Vanderbilt costs nearly $300,000?
The answer: tuition dollars are supporting a huge education machine where, in the case of Vanderbilt, nearly half of the total expenses ($640 million out of $1.4 billion in expenses, not including depreciation) are compensation-related costs for the 37,165 employees in 2016 (an average of $17,000 per employee – compare this to $75,000 at Yale, $68,000 at Penn and $64,000 at Princeton) although the prior year, it is interesting to note, $2.3 billion was used to compensate 36,272 individuals, which equates to an average of $64,000 – more in line with the industry averages above. The IRS Form 990 offers no explanation explaining this discrepancy. Read more
The American Breast Cancer Foundation (ABCF) is a 501 (c) (3) whose mission is to provide financial assistance to the underserved and underinsured for the screening and diagnosis of breast cancer. Based in Columbia, Maryland, ABCF has a 6-person governing board whose chairman is Brenda Loube (her husband, Paul J Loube is the Chief Executive Officer). Unfortunately, only 18% of revenue was awarded in grants to individuals and other non-profits to help the underinsured. Read more
The staggering cost of a college education perplexes many people who often wonder: Why does a 4-year degree from a top private school cost about $300,000 (or about $70,000-$75,000 annually)? The answer is not as complicated as some people would lead you to believe.
In the most simplistic terms the answer is because you are supporting a huge education machine where, in the case of Yale, more than half of the total expenses ($2.2 billion of the $3.4 billion in expenses – not including depreciation) are compensation-related costs for the 28,739 employees in 2016 (an average of $75,000 each). The next largest expense categories were for grants (primarily to domestic individuals for undergrad scholarships) which totaled $437 million, Fees for Services (primarily management related with no detail provided) of $186 million, office-related expenses (occupancy, IT, office and insurance) of $182 million, $170 million in supplies, and $145 million of other expenses (no detail provided). Read more
The School Nutrition Association (SNA) is a non-profit 501 (c) (4) national organization of school professionals that provide education and advocacy for its members in an effort to improve the quality of school meal programs. A 501 (c) (4) is a social welfare organization who can engage in advocacy and lobbying. Businesses and unions can donate unlimited amounts to 501 (c) (4)’s and the donations are not tax-deductible.
Based in National Harbour, Maryland, the SNA reported $11.8 million in revenue for the year ending July 31, 2016 (hereafter referred to as “2016”) on the Form 990 submitted to the IRS. Read more
The School Nutrition Foundation is the “sister organization of the School Nutrition Association” focused on obtaining resources for “education, professional development, scholarships, and research in school nutrition.” One is a 501 (c) (3) – the School Nutrition Foundation (SNF) and one is a 501 (c) (4) – the School Nutrition Association (SNA), the major difference being the former accepts tax-deductible donations while the later is a professional association (donations are not tax deductible). Read more
The Food Research and Action Center (FRAC) is a non-profit 501 (c) (3) that works to eradicate poverty-related hunger and improve public policies in the United States by awarding grants, assisting people with access to nutrition assistance programs, and working in both the public and private sectors to foster program participation and promote changes in public policies and attitudes.
The 2016 IRS Form 990 reports the following key information about FRAC: Read more
Wake Forest University (Wake Forest) is not a part of the Ivy League (8 private universities in the northeast) but if rank is ever determined by executive compensation, then Wake Forest would be right up there.
In 2016, Wake Forest reported employing 5,838 individuals for the roughly 8,000 students (5,000 undergraduate and 3,000 graduate) at a total compensation cost of $232 million, which equates to an average compensation of $56,000 (compared to $58,000 at Harvard and $75,000 at Yale). However, 431 individuals received more than $100,000 in compensation, including the 15 most highly compensated individuals listed below: Read more