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Posts from the ‘Non-Profits’ Category

25
Jun

Executive Compensation at the BCBS Association

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 34 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 37 voting members of the governing body, of whom 36 are independent, although there are 43 listed on the Form 990 (2019) of whom 35 (81%) are male while 8 (19%) are female.

Read more »

23
Jun

How the BCBS Association Spends Revenue

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 34 independent BCBS companies that provide health insurance to more than 115 million people.

They also own and manage the BCBS trademarks and names in more than 170 countries around the world.  For example, BCBS of Florida, Inc. (DBA Florida Blue), Health Options, Inc. (DBA Florida Blue HMO), Florida Combined Life Insurance Company (DBA Florida Combined Life) are independent licensees of BCBSA. 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. Read more »

19
Jun

Executive Compensation at Paralyzed Veterans of America (2021)

The Paralyzed Veterans of America (PVA) is a non-profit, tax-exempt 501 (c) 3 based in Washington, DC (although the organization has 73 offices and 34 chapters throughout the country).

Established in 1947, PVA has a core mission of vets serving vets, funding spinal cord research, and advocating for disability rights, according to their website. So, the question most donors want to know is:  how much of my donation goes to the organization’s core mission?  The answer:  about 34% in 2020 with the remaining 66% spent on a mail program (50%), grants (5%), and the reminder (13%) added to the general fund.

Key financial information reported by PVA to the IRS on the Form 990 (for the year ending June 30, 2021) include the following: Read more »

17
Jun

Where Does $100 to Paralyzed Veterans of America Go (2021)?

The Paralyzed Veterans of America (PVA) is a non-profit, tax-exempt 501 (c) 3 based in Washington, DC (although the organization has 73 offices and 34 chapters throughout the country). Established in 1947, PVA has a core mission of vets serving vets, funding spinal cord research, and advocating for disability rights, according to their website. So, the question most donors want to know is:  How much of my donation goes to the organization’s core mission?  The answer:  about 34% in 2020 with the remaining 66% spent on a mail program (50%), grants (5%), and the reminder (13%) added to the general fund.

Key financial information reported by PVA to the IRS on the Form 990 (for the year ending June 30, 2021) include the following: Read more »

15
Jun

Where Does $100 to Hope for the Warriors Go (2021)?

Hope For The Warriors (HFTW) is a 501 (c) (3) based in Springfield, Virginia that strives to help those affected by military service. Assistance is primarily through staff support from the 88 employees who were compensated nearly $5 million (an average of $57,000 per employee with only 6 employees compensated more than $100,000). Grants were also awarded ($800,000 or 10% of total revenue) in 2021.

In trying to understand how a $100 donation is spent, it is helpful to look at the IRS Form 990 (2021) which reports revenue, expenses, information on executive compensation, fundraising, assets, liabilities and net fund assets. Read more »

13
Jun

How Revenue is Spent at the PGA Tour (2021)

The PGA Tour, Inc. is a tax-exempt, non-profit 501 (c) 6 – a membership organization for touring professional golfers – up to a maximum of 156 who participate in 47 events (44 regular events and 3 playoff events). The exact number of members is difficult to determine since there are various exemptions and player status (the top 125 ranked players have their card renewed annually but players ranked between 126-150 can retain their card and play when other golfers are not playing, and winning certain tournaments also guarantees a tour card). Read more »

11
Jun

Executive Compensation at the PGA Tour (2021)

The PGA Tour, Inc. is a tax-exempt, non-profit 501 (c) 6 – a membership organization for touring professional golfers – up to a maximum of 156 who participate in 47 events (44 regular events and 3 playoff events). The exact number of members is difficult to determine since there are various exemptions and player status (the top 125 ranked players have their card renewed annually but players ranked between 126-150 can retain their card and play when other golfers are not playing, and winning certain tournaments also guarantees a tour card). Read more »

9
Jun

Executive Compensation at Oral Roberts Ministries (2021)

The Oral Roberts Ministries is legally known as the Oral Roberts Evangelistic Association (OREA) – a Tulsa, Oklahoma based non-profit 501 (c) (3) whose “evangelistic mission is to pray for healing of the whole man.”  Established in 1947 by Oral Roberts, a televangelist, OREA is now run by Oral’s son, Richard Roberts, along with his wife, Linda Salem Roberts who also appears to be known as Linda Roberts.  Collectively, Richard and Linda Roberts received nearly $700,000 in compensation in 2021.

There are 9 voting members (trustees) of the governing body, 8 of whom are independent; 7 of whom are male, 2 of whom are female.

According to the most recent Form 990 (2019 for the year ending April 30, 2021): Read more »

5
Jun

Executive Compensation at Americans for Prosperity (2019)

Americans For Prosperity (AFP) is a conservative political advocacy committee (PAC) founded in 2004 that is actually two organizations:  AFP, the social welfare organization and therefore a 501 (c) (4), and the Americans For Prosperity Foundation (AFPF), an “educational” organization, a 501 (c) (3).

Both organizations are tax-exempt non-profits with two major differences between them:  donations to AFP are not tax deductible while donations to AFPF are tax deductible; and, as a 501 (c) (4), AFP can engage in more lobbying (businesses and unions can donate unlimited amounts of funds) while AFPF, as a 501 (c) (3) can only engage in a limited amount of lobbying because the organization is considered an educational organization. Read more »

3
Jun

Where Does $100 to Americans for Prosperity Go (2019)

Americans for Prosperity is actually two organizations:  Americans For Prosperity (AFP) and Americans For Prosperity Foundation (AFPF). Both organizations are tax-exempt non-profit organizations but AFP is a 501 (c) (4) while AFPF is a 501 (c) (3). The primary difference between the two organizations is that donations to AFPF are tax deductible while donations made to AFP are not. In addition, AFP is considered a social welfare organization so they can engage in more lobbying while AFPF is considered an educational organization and is therefore limited in how much they spend on lobbying.

Although both organizations operate out of the same office in Arlington, Virginia and share employees, how a donation was spent depends on which organization received the donation. Read more »