Skip to content

Posts from the ‘Non-Profits’ Category

9
Dec

Executive Compensation at Samaritan’s Purse (2021)

Samaritan’s Purse is a tax-exempt, non-profit 501 (c) (3) established in 1970 by Bob Pierce who died in 1978. W. Franklin Graham (son of Billy Graham) became Chairman, President, and CEO of Samaritan’s Purse in 1979 and has held the position since although he is also an evangelist for the Billy Graham Evangelistic Association.

Based in Boone, North Carolina, Samaritan’s Purse is a nondenominational Christian organization that provides “spiritual and physical aid to hurting people around the world.”  How do they do this?  Primarily through grants (i.e. transporting shoebox gifts:  a box filled with toys, supplies, and hygiene items) which for the past few years average 27% of revenue because Samaritan’s Purse focused on building up net assets and to do this they spent significantly less than they collected:  Samaritan’s Purse only spent $67 out of every $100 raised but in actual dollars (meaning non-cash contributions and non-cash grants which are almost exactly the same amount), Samaritan’s Purse only spent $59 out of every $100 in cash raised which means the organizations added $300 million to savings in 2021 (note:  in 2020, Samaritan’s Purse added about $224 million to savings) which had $1.2 billion in net assets at year-end 2021. Read more »

7
Dec

Where Does $100 to Samaritan’s Purse Go (2021)?

Samaritan’s Purse is a tax-exempt, non-profit 501 (c) (3) established in 1970 by Bob Pierce who died in 1978. W. Franklin Graham (son of Billy Graham) became Chairman, President, and CEO of Samaritan’s Purse in 1979 and has held the position since although he is also an evangelist for the Billy Graham Evangelistic Association.

Based in Boone, North Carolina, Samaritan’s Purse is a nondenominational Christian organization that provides “spiritual and physical aid to hurting people around the world.” How do they do this? Primarily through grants (i.e. transporting shoebox gifts:  a box filled with toys, supplies, and hygiene items) which for the past several years averaged 40% of revenue although in 2020 and 2021, the percentage was lower at 28%  and 27%, respectively because Samaritan’s Purse focused on building up net assets and to do this they spent significantly less than they collected:  Samaritan’s Purse only spent $72 out of every $100 raised in 2020 and $67 out of $100 raised in 2021. In actual dollars, Samaritan’s Purse raised about $1 billion (including non-cash contributions), spent less than $700 million, putting about $300 million into savings in 2021 (and $225 million in savings in 2020, which means in 2 years, Samaritan’s purse put more than $525 million, or more than a half billion dollars into savings). Read more »

5
Dec

Executive Compensation at the NRA (2021)

The National Rifle Association of America (NRA) is a non-profit 501 (c) (4) organization or what many people refer to as an membership advocacy organization that fights tirelessly for our second amendment rights and pays their executives very well while also paying for first class or charter travel.

The most recent IRS Form 990 (2021) reports the organization employed 521 individuals (compared to 640 in 2020 and 770  in 2019) who were compensated $42 million, which equates to an average compensation of nearly $81,000. 92 employees (compared to 107 employees in 2020 and 149 employees in 2019) received more than $100,000 in compensation while the 15 most highly compensated key executives received nearly $13 million in 2021: Read more »

3
Dec

Where Does $100 to the NRA Go (2021)?

When most people think of the NRA they think of the National Rifle Association of America and the second amendment (“A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed”) but there are seven (7) separate non-profits that comprise the NRA:

  • NRA (National Rifle Association of America):  501 (c)(4)
  • NRA Foundation, Inc.:  501 (c)(3)
  • NRA Freedom Action Foundation:  501 (c)(3)
  • NRA Civil Rights Defense Fund:  501 (c)(3)
  • NRA Special Contribution Fund: 501 (c) (3)
  • NRA Political Victory Fund: PAC Section 527
  • NRA Victory Fund:  PAC Section 527

Read more »

1
Dec

How Revenue is Spent at Toys for Tots (2021)

Toys for Tots is one of the most well known organizations whose mission is to work with the US Marine Corp to collect new unwrapped toys and distribute those toys to economically disadvantaged children at Christmas time.  A non-profit, tax-exempt 501 (c) 3, Toys for Tots is legally known as Marine Toys for Tots Foundation but nearly everyone refers to the organization as “Toys for Tots.”

There are 12 voting members of the governing party, 11 of whom are independent. 9 of the 12 (75%) directors are male while 3 (25%) are female.

So, if you made a donation in 2021, where did it go?  It depends. If you donated a toy, then more than likely, a child received that toy. If you made a cash donation, then the funds were probably used to pay for organization expenses (i.e. compensation, office-related expenses, fees for services, etc), purchase toys, or put into the general fund (savings). How do I know this? Because the Form 990 that Toys for Tots submitted to the IRS (2021) reports the following information: Read more »

29
Nov

Executive Compensation at Dairy Management Inc (DMI) 2019

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 »

27
Nov

How Dairy Management Inc (DMI) Spends Revenue (2019)

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 78 independent voting members (Directors) on its governing body although 84 are listed on the most recent Form 990 (which appears to be due to timing differences).  61 of the 84 (73%) are male while 23 of the 84 (27%) are female (note:  The Form 990 does not disclose gender; determinations were based on name and google searches). Read more »

25
Nov

Where Does $100 to Homes for Our Troops Go (2021)?

Homes For Our Troops provide a much needed product (build and donate custom homes outfitted for disabilities) and a service (a pro-bono financial planner for three years to assist in financial planning and household budgeting, along with homeownership education and warranty coverage to ensure that the Veteran is set up for long-term success as a homeowner).

Homes For Our Troops is a tax-exempt, non-profit 501 (c) (3) established in 2004 in Massachusetts “to build and donate specially adapted custom homes nationwide for severely injured post-9/11 veterans to help them rebuild their lives.” Over the past 17 years (2004-2021), 325 homes (an average of 19 custom homes annually) have been built for veterans who have “sustained injuries including multiple limb amputations, partial or full paralysis, and/or severe traumatic brain injury (TBI).” Read more »

23
Nov

Executive Compensation at the American Cancer Society (2020)

The American Cancer Society (ACS) is a tax-exempt, non-profit 501 (c) (3) dedicated to eliminating cancer by funding cancer research and focusing on prevention and detection, and treatment. Key information about ACS includes:

  • ACS is headquartered in Atlanta, Georgia but the organization has more than 350 offices throughout the country.
  • ACS raises$$600-$700 million annually.
  • ACS has $1.2 billion in net assets.
  • There are 22 independent voting members of the governing body, 18 (82%) of whom are male and 4 (18%) who are female (Note:  the Form 990 does not report gender identity. The numbers are based on names and google searches).

Read more »

21
Nov

Where Does $100 to the American Cancer Society Go (2020)

The American Cancer Society (ACS) is a tax-exempt, non-profit 501 (c) (3) dedicated to eliminating cancer by funding cancer research and focusing on prevention and detection, and treatment.

Headquartered in Atlanta, Georgia, the ACS has a presence throughout the country (divided into 6 geographic regions) with 350 offices in all 50 states, Washington, DC, Guam and Puerto Rico.

There are 22 independent voting members of the governing body, 18 (82%) of whom are male and 4 (18%) who are female (Note:  the Form 990 does not report gender identity. The numbers are based on names and google searches). Read more »