Skip to content

Posts from the ‘Non-Profits’ Category

9
May

Where Does $100 to NPR Go (2022)?

NPR (National Public Radio) – the radio station that people love to love – is a non-profit, tax-exempt 501 (c) (3) organization that works with its member stations to foster a more informed public by providing a deeper understanding of events, ideas, and cultures.

Based in Washington, DC, NPR is also noteworthy for its on air fundraising although most people would be surprised to learn that public support in the form of contributions, gifts, and grants is not the number one source of revenue. Instead, program service revenue (station programming fees, digital media sponsorships, membership dues from member stations, distribution, and digital services) is the primary source of revenue for NPR followed by contributions, gifts, and grants.

So, if you gave $100 to NPR, how was it spent?  $60 went to pay employees, $18 went to buy content and pay representation fees, while $22 was used for office expenses, fees for services by non-employees, advertising and promotion, interest and other expenses. For more detail, read on. Read more »

7
May

Executive Compensation at United Way (2022)

United Way is one of the most recognizable charitable organizations in the United States and throughout the world.  In the United States, “United Way” generally refers to United Way Worldwide (formerly United Way of America) and/or one of the 1,100 local offices in 37 countries and territories that operate as separate 501 (c) (3)’s.

United Way Worldwide (UWW) is the leadership and support organization for the whole United Way network. Each organization collects funds and makes grants to local organizations, and also contributes a portion of the revenue collected to United Way Worldwide to support oversight operations.  However, UWW also makes grants, primarily back to United Way member organizations. Read more »

5
May

Where Does $100 to United Way Go (2022)?

United Way is one of the most recognizable charitable organizations in the United States and throughout the world.  In the United States, “United Way” generally refers to United Way Worldwide (formerly United Way of America) and/or one of the 1,100 local offices in 37 countries and territories that operate as separate 501 (c) (3)’s.

United Way Worldwide (UWW) is the leadership and support organization for the whole United Way network. Each organization collects funds and makes grants to local organizations, and also contributes a portion of the revenue collected to UWW to support oversight operations and grants. UWW, in turn, also makes grants back to member United Way member organizations.

So, if you made a $100 donation to UWW and want to know how your donation was used, the short answer is that about $58 was spent on organization expenses and about $27 was used for grants, while $15 was allocated to the general fund in 2022. Read more »

1
May

Executive Compensation at the National Restaurant Association (2021)

The National Restaurant Association had a windfall of about $170 million in 2018 when they sold the “National Restaurant Association Show” to a unrelated private company Winsight, LLC – an information services company focused on the food and beverage industry. Consideration received included a promissory note (about $150 million of which $127 million was written off in 2020 and $90 million put back on the books in 2021) and an equity investment in Winsight, LLC. A sponsorship agreement provides annual royalty payments equal to 2% of the gross revenues of the show for 45 years, beginning in 2019. Read more »

29
Apr

The Open Secret Colleges and Universities Don’t Want You To Know

In 1984, the average tuition, room and board was about $4,600, which equates to $14,000 in 2024, taking into consideration the inflation rate, which means todays price of tuition, room and board should be about 300% higher than in 1984.  But, we all know that isn’t the case.

The average tuition, room and board at a college or university (and it varies depending on whether the school is private or public) in 2024 is about $42,000 – about 900% more than in 1984.  Most private schools cost $80,000 – $100,000 annually which makes people – and especially parents – wonder why have the costs of educating our kids increased so dramatically? Read more »

27
Apr

Executive Compensation at Columbia (2022)

2022 was a record year for Columbia University (Columbia) and many of its employees with total revenue reaching an all time high:  $7.1 billion while expenses totaled $5.6 billion (not including $329 in depreciation).  Although the university’s expenses were more than $1 billion less than total revenue, $2.3 billion in net unrealized losses on investments (2022 was not a great year in the market) caused net assets to decline from $19.6 billion to $18.4 billion at year-end.

In terms of compensation, 37,144 employees were compensated $3.6 billion, which equates to an average compensation of $79,000. The 20 most highly compensated individuals (listed below) received $39 million which equates to an average compensation package of nearly $2 million each: Read more »

23
Apr

Executive Compensation at Dairy Management (2022)

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 »

21
Apr

How Dairy Management Spends Revenue (2022)

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 »

19
Apr

Executive Compensation at Advent Health (2022)

AdventHealth (formerly known as Adventist Health System until 2019 when the 501 (c) (3) “rebranded” itself) is one of the largest non-profit health care providers in the United States with more than 50 hospitals and hundreds of care sites in 9 states. Based in Altamonte Springs, Florida, AdventHealth is a very large system with dozens of separate tax-exempt non-profit and for-profit organizations. 

This post looks at the executive compensation at  Adventist Health System Sunbelt Healthcare Corporation (AHSSHC), the tax-exempt, non profit organization that provides management, leadership, and oversight to the affiliates.  It is important to note there are dozens of other related and affiliated non-profits and for profit organizations  related to AdventHealth that are not covered in this post. Read more »

17
Apr

Executive Compensation at the American Bankers Association (ABA) 2022

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 more than $140 million annually, typically spends less than it brings in, and has accumulated$ 573 million in net assets – a $450 million increase over the previous year due to a windfall on the income statement in 2022 referred to as “transaction fees.”   Read more »