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Posts from the ‘Non-Profits’ Category

15
Jan

How Revenue is Spent at the Robin Hood Foundation (2020)

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 »

11
Jan

Executive Compensation at Memorial Hermann Health (Texas)

Memorial Hermann Health System (MHHS) is a Houston-based tax-exempt, non-profit healthcare provider with more than 29,000 employees and 6,000 physicians that serve in 17 hospitals (14 that the organization owns and 3 in which they have joint ventures) and nearly 300 care delivery sites in the Houston, Texas metropolitan area.

MHHS consists of many organizations (non-profits, corporations, trusts, and partnerships) but for the purpose of this post, the executive compensation reported on MHHS – a 501 (c) (3) – is addressed. Read more »

3
Jan

Executive Compensation at the Robin Hood Foundation (2020)

The Robin Hood Foundation (RHF) – a 501 (c) (3) based in New York City – is an organization that primarily awards grants to organizations fighting poverty by providing food, shelter, and healthcare and by helping people lift themselves out of poverty. They do this primarily by awarding grants (in 2020, the organization collected $201 million in revenue and awarded $171 million in grants with the remaining $30 million spent on organization expenses.

In 2018, RHF had 133 employees who were compensated $22 million, which equates to an average compensation of $165,400. However, only 60 employees received more than $100,000 in compensation. The 15 most highly compensated individuals were: Read more »

1
Jan

Executive Compensation at the Air Line Pilots Association (ALPA)

The Airline Pilots Association International (ALPA) is the largest airline pilot union in the world with more than 61,000 pilots from 38 US and Canadian airlines.  Based in McLean, Virginia, ALPA is a tax-exempt, non-profit 501 (c) (5) whose membership dues are approximately $3,600 annually (based on 1.9% of gross income which appears to be about $200,000 annually).

In 2019, ALPA reported total revenue of $235 million, most of which came from membership dues. Expenses totaled $178 million (including $3 million in depreciation) with the largest expense reported to be compensation.  378 employees received $72 million in compensation which equates to an average compensation of $190,000.  209 employees received more than $100,000 in compensation with the 27 most highly compensated reported to be: Read more »

30
Dec

How Dues are Spent at the Air Line Pilots Association (ALPA)

The Air Line Pilots Association International (ALPA) is the largest airline pilot union in the world representing more than 61,000 pilots from 38 US and Canadian airlines.  Based in McLean, Virgina, ALPA is a tax-exempt non-profit 501 (c) (5) whose primary source of income is membership dues.

In 2019, ALPA reported total revenue of $235 million, most of which ($223 million) came from membership dues (note:  $223 million/61,000 equals $3,600 per member although actual dues are approximately 1.9% of gross monthly earnings.  So, if a pilot is earning $200,000 annually or $16,700 per month gross, the annual monthly dues are about $300 or $3,600 annually. Read more »

28
Dec

Executive Compensation at The Jackson Laboratory (2019)

Unless you’re in medical research or read the New Yorker, you may not have heard of The Jackson Laboratory (JAX) – an independent, non-profit 501 (c) (3) biomedical research institute with three main research centers (Bar Harbor, Maine; Sacramento, California, and Farmington, Connecticut) that have more than 60 laboratories performing research in six (6) areas: cancer, reproductive biology, immunology, metabolic, neurobiology, and neurobehavioral disorders.  In addition, JAX has an affiliated research lab organization in Japan and China (Shanghai). Read more »

26
Dec

How Revenue is Spent at The Jackson Laboratory (2019)

The Jackson Laboratory (JAX) is an independent, non-profit 501 (c) (3) biomedical research institute with three main research centers (Bar Harbor, Maine; Sacramento, California, and Farmington, Connecticut) in the US and two overseas in Japan and China that have more than 60 laboratories performing research in six (6) areas: cancer, reproductive biology, immunology, metabolic, neurobiology, and neurobehavioral disorders. Read more »

24
Dec

Executive Compensation at March of Dimes (2020)

2020 was another tough year for the March of Dimes and yet, they continue to march on (no pun intended).  Just seven years ago, the March of Dimes had $75 million in net fund assets and was raising nearly $200 million annually but they were spending more than they raised. Since then, revenue has declined and the organization went into a negative net fund position because they were spending $8-$27 million more than they raised annually, had to fund a pension/post retirement fund for employees (which is still an $80 million liability in 2020), and had losses on investments. Things were not looking good by 2016 so the organization brought in a new president in 2017 following the retirement of the longtime president. Read more »

22
Dec

Where Does $100 to March of Dimes Go (2020)?

2020 was not a great year for the March of Dimes and yet, they continue to endure.  Just seven years ago, the March of Dimes had $75 million in net fund assets and was raising nearly $200 million annually but they were spending more than they raised.  Since then, the revenue has declined and the organization went into a negative net fund position because they were spending $8-$27 million more than they raised annually, had to fund a pension/post retirement fund for employees, and had losses on investments. Things were not looking good by 2016 so the organization brought in a new president in 2017 following the retirement of the longtime president. Read more »

18
Dec

How Revenue is Spent at the American Federation of Teachers (2020)

The American Federation of Teachers (AFT) is the second largest teacher’s union (although membership is not limited to teachers) with 1.7 million members (after the National Education Association) in 3,000 local affiliates in the USA. A non-profit, tax-exempt 501 (c) (5), AFT is based in Washington, DC and is an affiliate of the AFL-CIO.

The most recent Form 990 (2019 for the year ending June 30, 2020) reports the following information about the AFT: Read more »