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Posts from the ‘Non-Profits’ Category

19
Feb

Where Does $100 to the Everglades Foundation Go?

While the Everglades is often described as a swamp or forested wetlands, it’s actually a very slow-moving river that comprises the largest sub-tropical wetland ecosystem in North America. At 100 miles long and 60 miles wide stretching over 1.5 million acres from Orlando, Florida to the Florida Bay on the southern tip of the state, the Everglades is not only a source of water for about 8 million Floridians (about 1/3 of the population) but also a habitat for animals and plants. Read more »

15
Feb

Executive Compensation at the YMCA of Greater NY

The YMCA of Greater New York (YMCA – GNY) is the largest “alliance” of YMCA’s with 24 branches in Manhattan, the Bronx, Brooklyn, Queens, Statin Island, and a camp in upstate New York. Based in New York City, the MYCA-GNY employs 6,581 persons who were compensated $101 million (an average of $15,300 per employee). 74 individuals received more than $100,000 in compensation with the 21 most highly compensated employees listed below: Read more »

13
Feb

Executive Compensation at the YMCA

The YMCA (Young Men’s Christian Association) is a worldwide (119 countries) organization based in Geneva, Switzerland (World Alliance of the YMCA). Within the United States, there are approximately 2,700 YMCA’s serving 10,000 communities that rely on the YMCA of the USA (that is also known as the National Council of YMCA’s of the USA) that in turn relies on The World Alliance of the YMCA).  In the most simplistic terms, the YMCA is organized as follows: Read more »

11
Feb

Where Does $100 to Susan G Komen Go?

When most people think of Susan G Komen and pink ribbons, they think of the organization that works to reduce breast cancer deaths by raising money to fund research and community-based educational, medical, financial, and psychosocial support services for those facing a breast cancer diagnosis.  However, there are actually two Susan G Komen organizations: Read more »

9
Feb

Executive Compensation at the Wounded Warriors

The Wounded Warriors organization is technically named the Wounded Warrior Project, Inc. (WWP) although many people simply refer to this non-profit 501 (c) (3) as “Wounded Warriors.” Established in 2005, WWP is based in Jacksonville, Florida and serves “veterans and service members who incurred a physical and mental injury, or wound co-incident to their military service on or after September 11, 2001.”

Each year, WWP submits a Form 990 to the IRS which details key financial information about the organization. The 2015 IRS Form 990 (covering the period beginning October 1, 2015 and ending September 30, 2016) reports the following information: Read more »

7
Feb

Executive Compensation at Samaritan’s Purse

Samaritan’s Purse is an evangelical Christian organization that provides “spiritual and physical aid” to people around the world.  To perform evangelism and relief programs, Samaritan’s Purse provides charter travel via the use of ministry owned aircraft (4) in North Carolina, Alaska, Kenya, and Liberia, and private charters.

In 2016, Samaritan’s Purse reported 2,500 individuals were employed with the organization of which 57 received more than $100,000 in compensation.  The following 12 individuals were the mostly highly compensated employees: Read more »

3
Feb

Executive Salaries at Goodwill

Goodwill Industries was established in 1902 and is widely known across the country as the place where we all donate clothing and household goods to help others.

There are 161 Goodwill Industries agencies and more than 3,200 retail stores in the US and 14 other countries that generate $5.7 billion in revenue annually, and Goodwill Industries International, Inc is the executive member association organization that provides oversight, support, expertise, and products to local agencies (each is a separate 501 (c) (3)) that operates independently but who collectively pay membership dues to support Goodwill Industries International, Inc. (Goodwill). Read more »

1
Feb

Fundraising and the Nature Conservancy

The Nature Conservancy raised $914 million (including $627 million in contributions, $130 million in fees and sales, $50 million in investment income and gains, and $102 million in government grants) and spent $796 million (not including depreciation) in the year ending June 30, 2016.  With nearly $6 billion in net fund assets – most of which is unrestricted – the Nature Conservancy has successfully raised a lot of revenue and retained a significant portion.

The IRS Form 990 (2015) reflecting the year beginning July 1, 2015 and ending June 30, 2016 indicates the Nature Conservancy spent $109 million (or roughly 12% of revenue) on fundraising expenses: Read more »

30
Jan

Where does $100 to Goodwill go?

Goodwill Industries was established in 1902 and is widely known across the country as the place where we all donate clothing and household goods to help others. There are 161 Goodwill Industries agencies and more than 3,200 retail stores in the US and 14 countries that generated $5.7 billion in revenue in 2016.

Goodwill Industries International, Inc is the executive member association organization that provides oversight, support, expertise, and products to local agencies (each is a separate 501 (c) (3) that operates independently and pays membership dues to support Goodwill Industries International, Inc.).

This analysis concerns Goodwill Industries International, Inc. (Goodwill) that oversees all the Goodwill organizations. To see revenue, expenses including executive salaries, assets, liabilities and other public information of local Goodwill organizations, look to the individual IRS Form 990’s of specific Goodwill Industries agencies  (i.e. Goodwill Industries of Greater New York and Northern New Jersey, Goodwill Industries of Northwest North Carolina). Read more »

26
Jan

Executive Compensation at the American Red Cross

The American Red Cross (ARC) provides a link on their website to the 2016 American Red Cross Tax Form 990 but the link is actually to the 2015 IRS Form 990 that covers the year beginning July 1, 2015 and ending June 30, 2016 – a year that was not one of ARC’s better years financially.

First, revenue was down by $100 million from $2.7 billion the year before to $2.6 billion in the most recent year.  Second, overall net assets decreased by $600 million from $1.6 billion at the beginning of the year to $1 billion because the organization spent more ($61 million) than they raised, there was an unrealized loss ($146 million) on investments, and because there was a loss ($400 million) in the employee retirement pension and post retirement benefits fund (note: the organization’s largest liability – $1.1 billion – is to pension and post retirement benefits for its employees). Read more »