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Posts from the ‘Non-Profits’ Category

11
Aug

Executive Compensation at Mercy Health (Wisconsin) 2021

Mercyhealth is a regional healthcare system with 7 hospitals (and a 7th to open in 2023) and about 85 facilities in 50 communities in southern Wisconsin and northern Illinois. Headquartered in Janesville, Wisconsin, Mercyhealth consists of many non-profit, tax-exempt organizations (9) and also owns several organizations that are taxed as corporations including Mercycare Insurance Company, Rockford Health Insurance (which is domiciled in Bermuda), and Mercycare HMO (which consolidated with Mercycare Insurance Company). Read more »

9
Aug

Executive Compensation at Memorial Hermann Health (2021)

Memorial Hermann Health System (MHHS) is a Houston-based tax-exempt, non-profit healthcare provider with more than 30,000 employees and 6,000 physicians that serve in 17 hospitals (14 that the organization owns and 3 in which they have joint ventures) and 300 care delivery sites in the Houston, Texas metropolitan area.

MHHS consists of many organizations (non-profits, corporations, trusts, and partnerships) but for the purpose of this post, the executive compensation reported on MHHS – a 501 (c) (3) – is addressed. Read more »

7
Aug

Executive Compensation at Intermountain Healthcare (2021)

Intermountain Healthcare refers to a large healthcare system (33 hospitals and nearly 400 clinics) based in Salt Lake City, Utah. Although there are  numerous organizations under the Intermountain Healthcare system, the primary entities include IHC Health Services, Inc. and the Intermountain Healthcare Foundation, Inc.  – both of whom operate out of the same office. Read more »

5
Aug

Executive Compensation at Intermountain Healthcare (2020)

Intermountain Healthcare refers to a large healthcare system (33 hospitals and nearly 400 clinics) based in Salt Lake City, Utah. Although there are  numerous organizations under the Intermountain Healthcare system, the primary entities include IHC Health Services, Inc. and the Intermountain Healthcare Foundation, Inc.  – both of whom operate out of the same office. Read more »

3
Aug

Executive Compensation at the University of Chicago (2021)

The University of Chicago (UC) is a private nondenominational research university that accepts about 7% of the students who apply. UC has approximately 7,000 undergraduate students and 10,000 graduate students.  The annual tuition with room and board for an undergraduate is about $90,000 annually which means a 4-year degree is about $360,000.

There are 51 voting members (trustees) of the governing body (board of trustees), 44 of whom are independent.  However, the Form 990 reports 52 trustees, which appears to be due to timing differences.  41 of the 52 (79%) are male while 11 of the 52 (21%) are female. Read more »

1
Aug

Executive Compensation at Dairy Management (2021)

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 »

29
Jul

How Dairy Management Spends Revenue (2021)

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-$160 million annually (which is then spent on marketing (about 60%), administrative organization expenses (about 30%) and export expenses (about 10%). Read more »

27
Jul

Executive Compensation at Dairy Management (2020)

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 »

25
Jul

How Dairy Management Spends Revenue (2020)

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.

DMI has 79 independent voting members (Directors) on its governing body although 95 are listed on the most recent Form 990 (which appears to be due to timing differences).  69 of the 95 (73%) are male while 26 of the 95 (27%) are female (note:  The Form 990 does not disclose gender; determinations were based on name and google searches). Read more »

23
Jul

Executive Compensation at the Chamber of Commerce of the US (2021)

The US Chamber of Commerce (also known as the Chamber of Commerce of the United States of America) is the largest business organization in the United States representing businesses. A tax-exempt, non-profit 501 (c) 6 organization, the US Chamber of Commerce (USCOC) is based in Washington, DC.

The USCOC raised $204 million in 2021 (compared to $230 million in 2020 and $173 million in 2019), primarily from contributions, gifts and grants with less than $5 million coming from membership dues).  Expenses totaled $192 million (94% of revenue), with the largest expenses reported to be compensation, fees for services, office-related expenses, and advertising), leaving $12 million allocated to the general fund.  An $18 million adjustment for pension liability allowed USCOC to close the year with $63 million in net assets, compared to $32 million at the beginning of the year.   Read more »