Skip to content

Posts from the ‘Non-Profits’ Category

3
Sep

Where Does $100 to Wounded Warrior Go (2023)

The Wounded Warrior Project is one of the most well-known non-profit charitable organizations focused on rebuilding the lives of wounded veterans. Established in 2003, the Wounded Warrior Project is a non-profit, tax-exempt 501 (c) (3) charitable organization whose stated mission is to “honor and empower wounded warriors.”

Most donors want to know how their donations are spent.  If you gave $100 to the Wounded Warrior Project in 2023, the short answer is the organization spent $105 for every $100 raised in 2023 with revenue spent on five major categories:   Read more »

1
Sep

Executive Compensation at the BCBS Association (2022)

The Blue Cross Blue Shield Association (BCBSA) is a tax-exempt, non-profit 501 (c) 4 (a social welfare organization) based in Chicago, Illinois that serves as a national association of 36 independent BCBS companies that provide health insurance to more than 115 million people.

BCBSA also own and manage the BCBS trademarks and names in more than 170 countries around the world.  Consequently, revenue comes from the members of BCBSA whose revenue comes from insurance premiums. In other words, part of your BCBS health insurance premiums are paid to BCBSA.

There are 36 voting members of the governing body, of whom 35 are independent, although there are 37 listed on the Form 990 (2022) of whom 28 (76%) are male while 9 (24%) are female.

Read more »

26
Aug

Executive Compensation at ChildFund International (2023)

ChildFund International USA (ChildFund) is one of 12 organizations  in the ChildFund Alliance that partners with local organizations in 24 countries to provide children with basic needs:  food, healthcare, and education. A tax-exempt, non-profit 501 (c) 3 based in Richmond, VA, ChildFund has 18 independent voting members (directors) on its governing body (Board of Directors) with 10 females and 8 males.

In 2023, ChildFund reported total revenue of $194 million (compared to $200 million in 2022) most of which came from contributions, gifts and grants.  Expenses totaled $186 million (not including $4 million in depreciation) with the two largest expenses reported to be grants ($115 million) and compensation $34 million). Read more »

24
Aug

$39 a Month to ChildFund International: How Much Goes to the Child (2023)?

Way back in 1938, the China Children’s Fund was established by a Presbyterian minister to provide assistance to children in China  after the war (Sino-Japanese War) by starting a child sponsorship program where sponsors (typically in the US) would pay a monthly fee to sponsor a child so that the child would have basic needs (food, health, etc) provided.

In 1951, the name was changed to the Christian Childrens Fund when the program expanded to other countries.  In 2002, the Christian Childrens Fund along with 11 other child sponsorship organizations founded a worldwide network – the ChildFund Alliance, a group of 12 organizations that partner with local organizations in other countries.  In 2009, the Christian Childrens Fund changed its name to ChildFund International. Read more »

20
Aug

Executive Compensation at the National Confectioners Association (2023)

The National Confectioners Association (NCA) is tax-exempt, non-profit trade association (501 (c) 6) that promotes chocolate, candy, gum, and mints along with the companies that make these treats. Based in Washington, DC, the NCA focuses on 7 key areas:

  • Public Policy and Government Affairs
  • Scientific and Regulatory Affairs
  • Industry Affairs and the Sweets & Snacks Expo
  • International Business Development
  • Meetings and Membership
  • Public Affairs and Communications
  • Administration and Finance

Read more »

16
Aug

Where Does $100 to the Nature Conservancy Go (2022)?

The Nature Conservancy raises more than $1 billion a year and has nearly $8 billion in net assets , making the organization one of the most well capitalized non-profits in the country. If you’ve ever wondered how a donation is spent but don’t feel inclined to read the dozens and dozens of pages of the IRS Form 990 (the tax return submitted to the IRS annually), then continue reading. Read more »

14
Aug

Executive Compensation at the Horatio Alger Association (2022)

The Horatio Alger Association (HAA) is a tax-exempt, non-profit 501 (c) 3, HAA is based in Alexandria, Virginia.  The organization is overseen by 78 independent voting members (board members) of the governing body.  72 of the 78 board members (92%) are male while 6 of the 78 members (8%) are female.

HAA was named for the gilded age writer, Horatio Alger who wrote about impoverished boys who rose from their humble backgrounds through education and good works to higher echelons of society.  Consequently HAA awards need based scholarships and honors the achievements of those who have overcome adversity and obtained personal achievement and success throw perseverance.  At the heart of HAA is the firm belief in achieving the “American Dream” through the free-enterprise system.  Consequently, grants has historically been the largest expense for the organization (65% of revenue raised in 2021 was awarded in grants but only 11% for $2.4 million was awarded in grants in 2022). Read more »

12
Aug

How Revenue is Spent at the Horatio Alger Association (2022)

The Horatio Alger Association (HAA) is named for the gilded age writer, Horatio Alger who wrote about impoverished boys who rose from their humble backgrounds through education and good works to higher echelons of society.  Consequently HAA awards need based scholarships and honors the achievements of those who have overcome adversity and obtained personal achievement and success throw perseverance.

At the heart of HAA is the firm belief in achieving the “American Dream” through the free-enterprise system.  So, the purpose of this organization appears to be the awarding of grants (but surprisingly only $2.4 million or about 11% of total revenue was awarded in grants, while the Executive Director, Terrence Giroux received more than $5 million in compensation in 2022 – 24% of the $22 million in revenue raised in 2022). Read more »

10
Aug

Executive Compensation at the University of Texas (2022)

The University of Texas at Austin  is also known as “UT Austin” (note:  Austin is the flagship school of the University of Texas System which includes 13 UT institutions). With about 51,000 students (42,000 undergraduate and 9,000 graduate), tuition, room and board for in-state students are  approximately $35,000 annually while out-of-state students pay approximately $65,000 for tuition, room and board.

UT Austin is often in the news or on the lists of the top largest university endowments because they have a $43 billion endowment (as of 2021) which is second to Harvard who has $50 billion. It’s a big job to manage a $43 billion endowment and that task falls upon The University of Texas Texas A & M Investment Management Company (UTMCO), a tax-exempt, non-profit 501 (c) 3 that is overseen by 9 voting members (directors) of the governing body, 8 of whom are independent This post addresses the executive compensation of those employed at UTMCO. Read more »

8
Aug

Executive Compensation at Texas Christian University (2022)

Texas Christian University (TCU) is a private, tax-exempt non-profit research university in Fort Worth, Texas that is affiliated with the Christian Church (Disciples of Christ).  Approximately 11,000 undergraduate and 2,000 graduate students are pursuing 114 undergraduate areas of study and 98 graduate degrees on the 300 acre campus a few miles from downtown Fort Worth.

Tuition, room and board are approximately $80,000 annually for an undergraduate student (with about 80% receiving financial aid). With an acceptance rate of 40% (20,000 applications in 2022 of which 8,000 were accepted, and about 3,000 chose to attend), TCU counts about 55% of its students coming from out of state. Read more »