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Posts from the ‘Non-Profits’ Category

19
Nov

Executive Compensation at the Metropolitan Museum of Art (2021)

The Metropolitan Museum of Art (Met) is the largest art museum in the US with two sites in New York City (the Met Fifith Avenue and the Met Cloisters).  Established in 1870, the Met is a tax-exempt, non-profit 501 (c) (3) based in New York City with 50 trustees (48 of whom are independent), although 52 are listed on the Form 990 (2020 for the year ending June 30, 2021) due to timing differences.  34 of the 48 (65%) listed are male while 18 (35%) are female.

For the year ending June 30, 2021, the Met reported the following information: Read more »

17
Nov

Executive Compensation at Providence Health and Services (WA) 2019

Providence Health and Services – Washington (PH&S) is part of the Providence St Joseph Health (PSJH), a non-profit, tax-exempt integrated healthcare provider associated with the Catholic Church. With 51 hospitals and nearly 1,100 clinics staffed by 120,000 employees across seven western states (Washington, Oregon, Montana, New Mexico, California, Texas, and Alaska), the Providence St Joseph Health system came to be when PH&S merged with Providence St. Joseph Health (PSJH), in 2016. (note: PSJH – the overall executive management arm – is the sole member of PH&S). Read more »

15
Nov

Executive Compensation at Northwestern Medicine (2020)

Northwestern Memorial HealthCare (NMH) is commonly known as Northwestern Medicine, and is a non-profit, tax-exempt 501 (c) (3) that provides healthcare in more than 200 locations (including 13 hospitals) in the Chicago metropolitan area. Headquartered in Chicago, NMH is affiliated with Northwestern’s School of Medicine.

Key facts to know about NMH include the following information taken from the Form 990 (2019 for the year ending August 31, 2020):

NMH has $8.1 billion in net assets (up from $6.4 billion in 2018). The $1.7 billion increase is primarily attributed to transfers from affiliated organizations and excess revenue over expenses, all of which means NMH made a lot of money from healthcare over the past few years. Read more »

13
Nov

Where Does $100 to Feeding America Go (2021)?

Established in 1988, Feeding America has been around for more than three decades and has grown substantially through the years.

For the year ending, June 30, 2021, Feeding America raised $4.1 billion (compared to $3.6 billion in 2020 and $2.8 billion in 2019) of which $3.4 billion (83%) were non-cash contributions (i.e. food) and about $700 million (17%) cash – primarily from contributions ($500 million), program revenue sources ($29 million), and royalties ($116 million). With most contributions being food for distribution to the vast network of food banks across the country, the question that many donors and potential donors want to know is how the $700 million in cash revenue was spent. Read more »

11
Nov

Executive Compensation at Feeding America (2021)

Feeding America is a 501 (c) (3) whose mission is “to feed America’s hungry through a nationwide network of food banks and engage the country in the fight to end hunger.” With more than 37 million people (or 1 out of 9 people) experiencing hunger every day, Feeding America seeks to alleviate hunger by procuring and distributing food, creating public awareness and educating the public, lawmakers, and public policy influencers, and conducting research on hunger.

In 2021, Feeding America raised $4.1 billion of which $3.4 billion or 83% were non-cash contributions (food) and $700,000 were cash contributions, program revenue, and royalties.  The organization’s largest expense was grants – primarily food  ($3.4 billion). The second largest expense was compensation for the 318 employees who received $46 million, which equates to an average compensation of $145,000.  137 employees received more than $100,000 in compensation with the 19 most highly compensated employees listed below: Read more »

9
Nov

Executive Compensation at NorthShore University HealthSystem (2020)

NorthShore University HealthSystem (NUH) is a non-profit, tax-exempt 501 (c) (3) healthcare provider with 6 hospitals, and numerous clinics, surgery centers, primary care and specialty medical offices, labs and pharmacies in the Chicago metropolitan area. In addition, NUH is affiliated with the University of Chicago medical school.

Key information taken from the Form 990 (2019 for the year ending September 30, 2020) include the following: Read more »

7
Nov

Kars4Kids and Oorah

Kars4Kids, Inc (Kars4Kids) is a tax-exempt, non profit 501 (c) 3 that advertises heavily for people to contribute a vehicle, boat, and real estate, which the organization sells via a third-party user so they can “together with our sister charity, Oorah, help thousands of children.”

Oorah, Inc. (Oorah) is a tax-exempt, non-profit 501 (c) 3 whose mission is “to develop children and families by giving them opportunities to connect with their rich Jewish heritage and traditions.” They do this primarily through a Jewish congregation. in Staten Island, NY.

So, how are these two charitable organizations connected and why have many people heard of Kars4Kids but not heard of Oorah? Read more »

5
Nov

Kars 4 Kids: How Donations are Spent (2020)

Kars4Kids, Inc. (Kars4Kids) is a tax-exempt, non-profit 501 (c) (3) national organization dedicated to the educational, material, emotional, and spiritual needs of Jewish children and their families.

Specifically, Kars4Kids appears primarily to be the fundraising entity for another 501 (c) (3) organization called Oorah, Inc., based in Lakewood, New Jersey (with the same business address as Kars4Kids) although they also fund other programs – school placement, tuition assistance, summer camp, holiday food and gift packages, parent education and counseling.

Oorah, Inc. is a 501 (c) (3) organization that provides Jewish children and their families with youth and family programming, education and studies, and community outreach. Read more »

3
Nov

Executive Compensation at Research America (2021)

Research America is a tax-exempt, non-profit 501 (c) (3) based in Arlington, Virginia (close to Washington, DC – the lobbying capital of the country) that “advocates for science, discovery, and innovation to achieve better health for all.”  Their mission is to “gain public awareness of the benefits to humankind of medical research,” which I would venture to say is common knowledge. In fact, I don’t know anyone who is not aware of the benefits of medical research. So, what does Research America really do? That’s the million dollar question that can’t even be answered if googled. Read more »

1
Nov

Where Does $100 to Research America Go (2021)?

Research America is a tax-exempt, non-profit 501 (c) (3) based in Arlington, Virginia (close to Washington, DC – the lobbying capital of the country) that “advocates for science, discovery, and innovation to achieve better health for all.”  Their mission is to “gain public awareness of the benefits to humankind of medical research,” even though the public has a vast awareness of the benefits of medical research.”

Research America actually appears to be a lobbying group with a very specific agenda (they call themselves a membership organization but all members have to be approved by the Board of Directors) presenting itself as a non-profit, but what that specific agenda is remains unclear – and dues represent only about 10% of revenue. Read more »