Executive Compensation at the American Investment Council (2022)
The American Investment Council (AIC) is a very small tax-exempt, non-profit 501 (c) 3 “lobbying, advocacy, and research (the organization paid an outside vendor $1.1 million in 2022 for research) organization” based in Washington, DC governed by 26 voting members (25 of whom are independent) of its governing body. 22 of the 26 (85%) are male while 4 of the 26 (15%) are female. Read more 
Executive Compensation at the Robin Hood Foundation (2022)
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 2022, the organization collected $129 million in revenue and awarded $131 million in grants) and reported $34 million in organization expenses (which is reportedly paid for by the 42 board members – an average of $800,000 each to fully cover operational expenses).
In 2021, there was a shakeup at RHF with the departure of Wes Moore, the CEO (for four years) and several other highly compensated employees (Derek Ferguson, Kristine Sudano, Beth Zolkind, and Sheila Kelly). Richard Buery was named the new CEO. The reasons for the departure are unclear but could be due to the deterioration in net assets.
In 2022, RHF had 162 employees who were compensated $23 million, which equates to an average compensation of $142,000. However, only 56 employees received more than $100,000 in compensation. The 13 most highly compensated individuals were: Read more
Where Does $100 to the Robin Hood Foundation Go (2022)?
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 “our board pays for all administrative 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
Executive Compensation at University of Southern California (2022)
The University of Southern California (USC) is a private research university with about 47,000 students (undergraduate and graduate) based in Los Angeles, California. The annual tuition is about $70,000 but with room, board, and fees the total estimated cost is $83,000 – $95,000 per year.
Key information about USC is summarized as follows: Read more
Executive Compensation at CommonSpirit Health (2022)
Commonspirit Health was created in 2019 when Catholic Health Initiatives (CHI) and Dignity Health merged to become the largest tax-exempt, non-profit healthcare system in the United States. With more than 150,000 employees staffing 1,000 care centers and 140 hospitals in 21 states, Commonspirit Health, the healthcare system, is comprised of hundreds of non-profits and for-profit corporations, partnerships, and trusts. This post only addresses the executive compensation at Commonspirit Health (CH), the non-profit 501 (c) (3) that oversees the entire CH healthcare system. Read more
Executive Compensation at Brown University (2022)
Brown University is a private research university with about 11,000 students (7,000 undergrads and 4,000 graduate and medical students) in Providence, Rhode Island. Unbeknownst to some is that Brown has 34 Division 1 sports teams.
Approximately 50,000 undergraduate students apply annually; 5% or 2,500 are accepted. Annual tuition, room and board is $90,000 or about $360,000 for a 4-year degree.
When analyzing colleges and universities generally, there are 6 key numbers to look at: Read more
Executive Compensation at Drexel University (2022)
Drexel University is a private research university in Philadelphia, PA (although there are satellite campuses) with about 25,000 students (an estimated 14,000 undergraduate students and 8,000 graduate students and 3,000 other students). The annual cost of tuition, room and board (undergraduate) is about $80,000.
In 2022, Drexel reported total revenue of $1.4 billion (compared to $1.2 billion in 2021 and $1.3 billion in 2020) with the largest sources being tuition and fees ($1 billion), government grants ($129 million), related organizations ($39 million) and contributions, gifts ,and grants ($41 million). Read more
Executive Compensation at Virtua Health (2022)
Virtua Health is a tax-exempt, non-profit healthcare provider in southern New Jersey with 5 hospitals, 350 healthcare offices, and 7 urgent care centers and 7 emergency departments. The entire Virtua healthcare network consists of 19 related tax-exempt organizations, 32 related taxable partnerships, and 4 related organizations taxable as a corporation or trust. This post addresses the executive compensation of Virtua Health, Inc (Virtua) – the non-profit that manages the entire organization and provides support services to these entities. Consequently, Virtua’s primary source of revenue is the organizations that make up the network.
Virtua has 20 voting members (trustees) of its governing body, 18 of whom are independent; 17 of the 20 (70%) are male while 6 of the 20 (30%) are female. Read more
Executive Compensation at the Mortgage Bankers Association of America (2022)
The Mortgage Bankers Association (MBA) is a tax-exempt, non profit 501 (c) 6 national trade associate that represents the real estate finance industry. Based in Washington, DC, the MBA has a reported 2,200 member companies.
There are 39 independent voting members (board members) of the governing body: 28 of the 39 (72%) are male while 11 (28%) are female. Read more
Executive Compensation at Baycare Health Systems (2022)
Baycare Health System is one of the largest healthcare systems in Florida. Headquartered in Clearwater with 16 hospitals, 18 urgent care centers, 4 surgery centers, 38 imaging facilities, 100 primary care and physician practice locations, and more than 30 walk-in health care facilities in Publix supermarkets throughout Tampa Bay and West Central Florida, Baycare Health System serves the Tampa Bay and western-central regions of Florida.
Baycare Health System consists of dozens of other organizations (i.e. tax-exempt organizations, taxable partnerships, corporations, and trusts), who pay a “management fee” to a tax-exempt, non-profit entity called “Baycare Health Systems, Inc” (BHSI). BHSI manages the whole system. This post reports the executive compensation of BHSI only (see the other Form 990’s for executive compensation of other related/affiliated entities). Read more
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