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Posts from the ‘Non-Profits’ Category

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 »

1
Jun

Executive Compensation at Dignity Health (2020)

Dignity Health is part of the CommonSpirit Health System (In 2019, Dignity Health merged with Catholic Health Initiatives (CHI) to become one of the largest tax-exempt, non-profit healthcare systems in the United States). With more than 60,000 employees staffing 400 care centers and 39 hospitals in 22 states, Dignity Health is based in San Francisco, CA (whereas CommonSpirit Health is based in Chicago, IL). Although Dignity Health has numerous related/affiliated non-profits, taxable corporations and trusts, this post is limited to addressing the executive compensation of Dignity Health, an affiliate of CommonSpirit Health. Read more »

30
May

Executive Compensation at CommonSpirit Health (2021)

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. 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 »

28
May

Executive Compensation at CommonSpirit Health (2020)

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. 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 »

26
May

Executive Compensation at the Association of Former Students of Texas A & M (Aggie Network)

The alumni association at Texas A & M is formally known as the Association of Former Students of Texas A & M and informally known as the Aggie Network.  A tax-exempt, non-profit 501 (c), the Aggie Network’s mission is to strengthen the Texas A & M alumni network.

A relatively small non-profit, the Aggie Network raised about $30 million in 2020, most of which came from contributions, gifts, and grants ($22 million).  Expenses were $18 million with the largest expense reported to be compensation.

166 employees received $7 million in compensation which equates to an average of $42,000.  10 employees received more than $100,000 in compensation: Read more »

20
May

Executive Compensation at the National Confectioners Association (2020)

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 »

18
May

Executive Compensation at Texas Christian University

Texas Christian University (TCU) is a private, tax-exempt non-profit research university in Fort Worth, Texas that is affiliated with the Christian Church 9 (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 $73,000 annually for an undergraduate student (with about 80% receiving financial aid). With an acceptance rate of 41% (20,000 applications in 2022 of which 8,000 were accepted, and about 3,000 chose to attend), TCU counts about 53% of its students coming from out of state. Read more »

16
May

Executive Compensation at the University of Texas

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 9 academic universities and 6 health institutions).  With about 52,000 students (41,000 undergraduate and 11,000 graduate), tuition, room and board for in-state students are  approximately $35,000 annually while out-of-state students pay approximately $60,000 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 $32 billion endowment (as of 2020) which is second to Harvard who has $42 billion. It’s a big job to manage a $32 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 independent voting members (directors) of the governing body. This post addresses the executive compensation of those employed at UTMCO. Read more »