Executive Compensation at Columbia (2023)
Columbia University (Columbia) reported a very different year in 2023: after coming off a record year in 2022 when revenue reached an all time high ($7.1 billion) with expenses of $5.9 billion (including $300 million of depreciation), Columbia reported total revenue of $6.7 billion and expenses of $6.4 billion (including $300 million in depreciation) in 2023. However, Columbia increased net assets from $18.4 billion to $18.7 billion in 2023 by adding unspent revenue and nearly $150 million in unrealized gains on investments (offset by a negative $80 million adjustment to net assets for “other non-operating adjustments”) to the general fund.
In terms of compensation, 40,081 employees (up by 3,000 since 2022) were compensated $3.9 billion, which equates to an average compensation of $97,000. The 22 most highly compensated individuals (listed below) received $42 million which equates to an average compensation package of nearly $2 million: Read more 
Executive Compensation at Dairy Management (2023)
Dairy Management Inc (DMI) is the big organization that most people haven’t heard of because unless you’re a dairy producer, work in the dairy industry, or work in the corporate offices of Pizza Hut, Taco Bell, Dominoe’s, 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
How Dairy Management Spends Revenue (2023)
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 producers are required to contribute 15 cents per 100 pounds (foreign dairy producers are required to contribute 7.5 cents per 100 pounds) which equates to about 1.5 cents per gallon of milk, all of which adds up to about $150-$180 million annually (which is then spent on marketing (about 60%), administrative organization expenses (about 30%) and export expenses (about 10%). Read more
Executive Compensation at the American Bankers Association (ABA) 2023
The American Bankers Association (ABA) is a non-profit 501 (c) (6) organization – “a business league that pushes advocacy, provides education, products, and solutions to its membership and the financial services industry.” In other words, the ABA is a tax-exempt association for banks, savings and loans, and trust companies. Based in Washington, DC the ABA engages in lobbying, works to establish banking standards, and educates the public and its members.
While some people think of non-profits as almost an afterthought, the ABA is anything but insignificant. The ABA raises about $150 million annually, typically spends less than it brings in, and has accumulated more than $600 million in net assets. Read more
Executive Compensation at the American Medical Association (AMA) 2023
The American Medical Association (AMA) is a non-profit 501 (c) (6) – a professional association and the largest association of physicians – whose primary purpose is to:
- publish the Journal of the American Medical Association (JAMA) – a peer reviewed medical journal that includes original research, reviews, and editorials of medicine;
- maintain a code of medical ethics,
- create and maintain physician data which is sometimes referred to as master files; and
- update and maintain medical classification codes (referred to as CPT codes) used by the government, medical practices, hospitals, and insurance companies in return for royalty fees.
How Revenue is Spent at the American Medical Association (AMA) 2023
The American Medical Association (AMA) is a non-profit 501 (c) (6) – a professional association and the largest association of physicians – whose primary purpose is to:
- publish the Journal of the American Medical Association (JAMA) – a peer reviewed medical journal that includes original research, reviews, and editorials of medicine;
- maintain a code of medical ethics,
- create and maintain physician data which is sometimes referred to as master files; and
- update and maintain medical classification codes (referred to as CPT codes) used by the government, medical practices, hospitals, and insurance companies in return for royalty fees.
Executive Compensation at Friends of the Israel Defense Forces (2023)
Friends of the Israel Defense Forces (FIDF) is a tax-exempt, non-profit 501 (c) 3 who “collects charitable donations on behalf of the soldiers of the IDF” in Israel. Based in New York City, FIDF has 20 offices in the United States and Panama with a remarkable ability to not only raise funds but to accumulate nearly $300 million in net assets. Recently criticized for embarking on a major fundraising effort following the October 7, 2023 massacre in Israel sparking a war in the Gaza Strip, FIDF claims the $174 million in net assets has been earmarked for other causes but the growth in net assets from $174 million in 2022 to $288 million in 2023 means a substantial amount of funds were saved rather than spent. Read more
Where Does $100 to the Friends of the Israel Defense Forces Go (2023)?
Friends of the Israel Defense Forces (FIDF) is a tax-exempt, non-profit 501 (c) 3 who “collects charitable donations on behalf of the soldiers of the IDF” in Israel. Based in New York City, FIDF has 20 offices in the United States and Panama with a remarkable ability to not only raise funds but to accumulate nearly $300 million in net assets. Recently criticized for embarking on a major fundraising effort following the October 7, 2023 massacre in Israel sparking a war in the Gaza Strip, FIDF claims the $174 million in net assets has been earmarked for other causes but the growth in net assets from $174 million in 2022 to $288 million in 2023 means a substantial amount of funds were saved rather than spent. Read more
12 Employees at Mount Sinai Hospital Received $240 Million in Compensation
The 12 most highly compensated employees of Mount Sinai Hospital (Mount Sinai Hospital (MSH) is part of the Mount Sinai Health System (MSHS) – a network of 8 hospitals and a medical school formed in 2013 when the operations of Mount Sinai Medical Center and Continuum Health Partners merged. MSHS is the controlling entity or the affiliated organization – both non-profit and for profit – in the network. Headquartered in New York City, NY, MSHS has about 4,000 beds and 43,000 employees, with nearly 20,000 of them employed by the Mount Sinai Hospital) in 2023 received $243 million in compensation from 2012-2023 (note: highly compensated employees in any of the years 2012-2022 but not in 2023 are not included): Read more
Executive Compensation at Mount Sinai (2023)
Mount Sinai Hospital (MSH) is part of the Mount Sinai Health System (MSHS) – a network of 8 hospitals and a medical school formed in 2013 when the operations of Mount Sinai Medical Center and Continuum Health Partners merged. MSHS is the controlling entity or the affiliated organization – both non-profit and for profit – in the network. Headquartered in New York City, NY, MSHS has about 4,000 beds and 43,000 employees, with nearly 20,000 of them employed by the Mount Sinai Hospital.
Key information to know about Mount Sinai Hospital (MSH), as reported on the Form 990 (2023) submitted to the IRS includes: Read more
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