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Posts from the ‘Non-Profits’ Category

24
Nov

Executive Compensation at the Alliance of Motion Picture and Television Producers (2023)

Most people are aware of the “writers” strike in Hollywood but it’s important to know that this strike represents thousands and thousands of different types of employees who work in the film industry and are represented by numerous unions and trade associations.  One of those organizations is the Alliance of Motion Picture and Television Producers (AMPTP) – a trade association (a 501 c 6) representing more than 350 motion picture and television producers (including Disney, BC Universal, Paramount, Sony, Netflix, Amazon, Apple, Warner Brothers)  responsible for negotiating virtually all industry-wide guild and union contracts. In short, the AMPTP, the entertainment industry’s official collective bargaining representative, negotiates 58 industry-wide collective bargaining agreements on behalf of hundreds of motion picture and television producers. Read more »

22
Nov

How Membership Dues are Spent at the Alliance of Motion Picture and Television Producers (2023)

Most people were aware of the “writers” strike in Hollywood but it’s important to know that this strike represented thousands and thousands of different types of employees who work in the film industry and are represented by numerous unions and trade associations.  One of those organizations is the Alliance of Motion Picture and Television Producers (AMPTP) – a trade association (a 501 c 6) representing more than 350 motion picture and television producers (including companies) is responsible for negotiating virtually all industry-wide guild and union contracts.   In short, the AMPTP, the entertainment industry’s official collective bargaining representative, negotiates 58 industry-wide collective bargaining agreements on behalf of hundreds of motion picture and television producers. Read more »

18
Nov

Where Does $100 to the V Foundation Go (2023)?

The V Foundation was founded by Jim Valvano, the legendary basketball coach who died in 1993 when he was 47 years old. Based in Cary, North Carolina, the V Foundation was established to raise funds for cancer research so the organization engages in primarily two functions:  fundraising and awarding grants.  However, it is also important to note that an affiliate organization – Don’t Ever Give Up, Inc. – a non-profit 501 (c) (3) – that operates out of the same office – exists to raise funds for the V Foundation.

It is unclear why Don’t Ever Give Up, Inc. was established (in 2015) to raise funds when one of the two purposes of the V Foundation is to raise funds.  Sometimes non-profits form an affiliate organization to focus solely on fundraising so that the primary organization’s fundraising costs appear lower than what they actually are.  To fully understand the V Foundation, it is necessary to look at the IRS Form 990’s of BOTH organizations. If both organizations were considered collectively (since Don’t Ever Give Up, Inc. exists to support the V Foundation), then a more accurate picture of revenue and expenses are revealed. Read more »

16
Nov

Executive Compensation at the Baylor College of Medicine (2023)

Baylor College of Medicine (Baylor CM) is a medical school and research center within the Texas Medical Center (the world’s largest medical center) in Houston, Texas.  With more than 10,000 faculty and staff and nearly 4,000 medical students, residents, graduate students, health professionals, fellows, and participants, Baylor CM has 4 academic components (School of Medicine, Graduate School of Biomedical Sciences, School of Health Professions, and the National School of Tropical Medicine) and is not a part of Baylor College (they separated from Baylor College in 1969 and became an independent institution). Each year, the school matriculates nearly 200 students. Read more »

14
Nov

Executive Compensation at the American Red Cross (2023)

When most people think of the American Red Cross (ARC), they often think of blood collection, testing, and distribution and/or disaster services – both domestic and international and in the most simplistic terms, this is what the ARC is about.

Formally known as the American National Red Cross (the organization is the designated affiliate of the International Federation of Red Cross and Red Crescent Societies), ARC was established by Clara Barton in 1881 and given a charter by Congress in 1900 and again in 1905 to carry out humanitarian services. Since that time, the charter has been amended nine times, with the most recent in 2009 to address reforms to the organization. Read more »

12
Nov

How the American Red Cross Spends Revenue (2023)

When most people think of the American Red Cross (ARC), they often think of blood collection, testing, and distribution and/or disaster services – both domestic and international and in the most simplistic terms, this is what the ARC is about.

Formally known as the American National Red Cross (the organization is the designated affiliate of the International Federation of Red Cross and Red Crescent Societies), ARC was established by Clara Barton in 1881 and given a charter by Congress in 1900 and again in 1905 to carry out humanitarian services. Since that time, the charter has been amended nine times, with the most recent in 2007 to address reforms to the organization. Read more »

10
Nov

Executive Compensation at Samaritan’s Purse (2023)

Samaritan’s Purse is a tax-exempt, non-profit 501 (c) (3) established in 1970 by Bob Pierce who died in 1978. W. Franklin Graham (son of Billy Graham) became Chairman, President, and CEO of Samaritan’s Purse in 1979 and has held the position since although he is also an evangelist for the Billy Graham Evangelistic Association.

Based in Boone, North Carolina, Samaritan’s Purse is a nondenominational Christian organization that provides “spiritual and physical aid to hurting people around the world.”  How do they do this?  Primarily through grants (i.e. transporting shoebox gifts:  a box filled with toys, supplies, and hygiene items) which for the past few years averages 28% of revenue because Samaritan’s Purse focused on strengthening their balance sheet by increasing savings and to do this they spent significantly less than they collected:  Samaritan’s Purse has spent about 70-75% of revenue over the past few years which allowed them to put $200-$330 million annually into savings or $1 billion from 2020-2023 so that by year-end 2023, Samaritan’s Purse had $1.7 billion in net assets.   Read more »

8
Nov

Where Does $100 to Samaritan’s Purse Go (2023)?

Samaritan’s Purse is a tax-exempt, non-profit 501 (c) (3) established in 1970 by Bob Pierce who died in 1978. W. Franklin Graham (son of Billy Graham) became Chairman, President, and CEO of Samaritan’s Purse in 1979 and has held the position since although he is also an evangelist for the Billy Graham Evangelistic Association.

Based in Boone, North Carolina, Samaritan’s Purse is a nondenominational Christian organization that provides “spiritual and physical aid to hurting people around the world.” How do they do this? Primarily through grants (i.e. transporting shoebox gifts:  a box filled with toys, supplies, and hygiene items) which prior to 2020 averaged 40% of revenue.  But in 2020, 2021, 2022, and 2023 the percentage was lower at 28%, 27%, 28%, and 32%, respectively because Samaritan’s Purse focused on building up net assets and to do this they spent significantly less than they collected: Read more »

6
Nov

Executive Compensation at the Association of Former Students at Texas A & M (2022)

The alumni association at Texas A & M is formally known as the Association of Former Students of Texas A & M and informally known as the Aggie Network.  A tax-exempt, non-profit 501 (c), the Aggie Network’s mission is to strengthen the Texas A & M alumni network.

A relatively small non-profit, the Aggie Network has more than doubled in size (based on revenue) since 2020 when the organization raised raised about $30 million to 2022 when total revenue was reported to be $74 million, most of which came from contributions, gifts, and grants ($63 million). Read more »

4
Nov

Executive Compensation at Rotary International (2023)

Rotary International (RI) is a 501 (c) (4) – a social welfare organization that oversees 32,000 Rotary International Club organizations – based in Evanston, Illinois. Governed by a 19-member board (the president, president-elect, general secretary who is also the CEO, and Rotary Zone Directors), RI reported total revenue of $105 million most of which came from membership dues. Expenses totaled $108 million with the largest expense reported to be compensation (note:  RI also paid nearly $3 million to Accion Labs of Bridgeville, PA for staffing and consulting and $1.9 million to Softserve for staffing and $1 million to Tesystems of Hanover, MD for staffing).

RI reported having 342 employees who were compensated $44 million which equates to an average compensation of $129,000. However, only 115 individuals received more than $100,000 in compensation with the 16 most highly compensated individuals listed below: Read more »