Where Does $100 to the American Humane Association Go (2021)?
The American Humane Association (AHA) is a Washington, DC-based (with a Palm Beach, Florida office) non-profit 501 (c) 3 whose “No Animals Were Harmed” certification program in film and television is well-known in the entertainment industry. In addition, AHA certifies zoos, aquariums, conservation centers, and humane treatment in food production (farms, slaughterhouses, etc), awards grants, donates goods, and participates in other program services. How the AHA “ensures the safety, welfare, and well-being of animals” in slaughterhouses is not clear. Read more 
Executive Compensation at United Way (2020)
United Way is one of the most recognizable charitable organizations in the United States and throughout the world. In the United States, “United Way” generally refers to United Way Worldwide (formerly United Way of America) and/or one of the 1,800 local offices in 40 countries and territories that operate as separate 501 (c) (3)’s.
United Way Worldwide is the leadership and support organization for the whole United Way network. Each organization collects funds and makes grants to local organizations, and also contributes a portion of the revenue collected to United Way Worldwide to support oversight operations. Read more
Where Does $100 to United Way Go (2020)
United Way is one of the most recognizable charitable organizations in the United States and throughout the world. In the United States, “United Way” generally refers to United Way Worldwide (formerly United Way of America) and/or one of the 1,800 local offices in 40 countries and territories that operate as separate 501 (c) (3)’s.
United Way Worldwide is the leadership and support organization for the whole United Way network. Each organization collects funds and makes grants to local organizations, and also contributes a portion of the revenue collected to United Way Worldwide to support oversight operations. Read more
10 Key Things to Know about St Jude’s
Wrapping your head around St. Jude Children’s Hospital in Memphis, Tennessee is a challenge so here are ten (10) key pieces of information garnered from the Form 990 (the tax returns submitted to the IRS) that provide key details about St Jude:
- When people think of St. Jude’s, they often associate the organization with the children’s research hospital but St Jude’s is actually two organizations: St Jude Childrren’s Research Hospital (St. Jude) and the American Lebanese Syrian Associated Charities (ALSAC).
- St. Jude Children’s Research Hospital (St Jude) is the 77-bed children’s hospital that provides research and medical care.
- American Lebanese Syrian Associated Charities (ALSAC) is the fundraising arm; an organization that exists to raise funds for St. Jude.
- Most non-profits do not separate fundraising from services but St. Jude does, so both organizations need to be analyzed because St. Jude’s relies on ALSAC for the majority of it’s revenue and has a beneficial interest in the organization.
- ALSAC raised $2.4 billion (compared to $1.9 million the prior year) in 2020.
- ALSAC has historically spent 25-30% of revenue raised on fundriaising. In 2020, ALSAC spent $625 million (26% of revenue) on fundraising expenses.
- ALSAC gave St Jude’s $997 million (42% of revenue) in 2020.
- ALSAC has historically put hundreds of millions annually in savings but in 2020, the organization allocated $781 million in savings.
- ALSAC has $8 billion in net assets, most of which is in liquid assets. St Jude, which has a beneficial interest in ALSAC (meaning the $8 billion in assets) had $9 billion in net assets by the end of 2020.
- St Jude, the hospital, has historically spent less than they have received from ALSAC meaning they have also accumulated significant net assets (see previous statement above).
The biggest takeaway from the above information is why St Jude isn’t spending more on helping sick children and their families rather than sitting on $9 billion?
Executive Compensation at the Society for Human Resource Management (SHRM)
The Society for Human Resource Management (SHRM) is an Alexandria, Virginia-based tax-exempt, non-profit membership association that promotes the role of Human Resources as a profession. With 12 voting members of the governing body, 11 of whom are independent, 7 of whom are female, 5 of whom are male, SHRM is a 501 (c) 6 – a trade association – with more than 500 employees. All directors received $15,350-$43,080 each in 2019.
In 2019, SHRM reported total revenue of $154 million (compared to $146 million in 2018) which came primarily from six sources: membership dues ($54 million), the annual conference ($35 million), certification programs and seminars ($23 million), inventory sales ($15 million), advertising ($9 million), and other program revenue ($7 million). Read more
Executive Compensation at the Heritage Foundation (2020)
The Heritage Foundation (Heritage) is a non-profit, tax-exempt organization staffed by conservative “experts” who provide advice on political, economic, social, and financial problems in the United States.
Based in Washington, DC, Heritage is governed by 22 voting members (trustees) of the governing body (Board of Trustees), 19 of whom are independent. 17 of the 22 (77%) are male while 5 of the 22 (23%) are female.
Heritage raises about $100 million annually, has historically spent less (usually about 70%) and has consequently accumulated $332 million in net assets by the end of 2020.
Executive Compensation at Harvard (2020)
Harvard is a private teaching and research university with an acceptance rate at about 5% of applicants. Located in Boston, Massachusetts, Harvard has about 25,000 students (undergrads and graduate students). The annual tuition, room, board, and fees is about $77,000.
There are 12 voting members (Fellows) of the governing body, 9 of whom are independent, 8 of the 12 (67%) are male while 4 of the 12 (33%) are female.
In 2020, Harvard’s total revenue was $7.4 billion (compared to $7.9 billion in 2019) with most of the income coming from 3 sources :investment income, gains, and royalties ($4 billion), contributions, gifts, and grants ($1.4 billion) and tuition, fees, and services ($1.9 billion). Expenses were $5.3 billion (not including $350 million in depreciation). At year-end, Harvard had $49 billion in net fund assets. Read more
Executive Compensation at MIT
Massachusetts Institute of Technology (MIT) is a private teaching and research university with an acceptance rate at about 7% of applicants. Located in Boston, Massachusetts, MIT has about 12,000 students, of which nearly 5,000 are undergraduates. The annual tuition, room, board, and fees is about $80,000.
There are 10 voting members of the governing body (Executive Committee Members), 7 of whom are independent, although the Form 990 lists 11 members (which appears to be due to timing differences). 8 of the 11 (73%) are male while 3 of the 11 (27%) are female.
In 2020, MIT’s total revenue was $4.8 billion (compared to $5.3 billion in 2019) with most of the income coming from 4 sources: research contracts ($1.4 billion), investment income, gains, and royalties ($1.2 billion), contributions, gifts, and grants ($1 billion) and tuition, fees, and services ($1.1 billion). Expenses were $4 billion (not including $200 million in depreciation). At year-end, MIT had $24 billion in net fund assets. Read more
Executive Compensation at Boston College
Boston College is a private Jesuit research university with an acceptance rate at about 19% of applicants. Located in Chestnut Hill, Massachusetts, Boston College has about 15,000 students, of which 6,800 are undergraduates. The annual tuition, room, board, and fees is about $80,000.
In 2020, Boston College’s total revenue was $1.2 billion (compared to $1.2 billion in 2019) with most of the income coming from 2 sources: contributions, gifts, and grants ($225 million) and tuition, fees, and services ($883 miillion). Expenses were $1 billion (not including $90 million in depreciation). At year-end, Boston College had $3.6 billion in net fund assets. Read more
Executive Compensation at Boston University
Boston University (BU) is a private research university with an acceptance rate at about 20% of applicants. Located in Boston, Massachusetts, BU has about 35,000 students, of which 17,500 are undergraduates. The annual tuition, room, board, and fees is about $80,000.
In 2020, BU’s total revenue was $2.6 billion (compared to $2.7 billion in 2019) with most of the income coming from 2 sources: contributions, gifts, and grants ($572 million) and tuition, fees, and services ($1.9 biillion). Expenses were $2.4 billion (not including $133 million in depreciation). At year-end, BU had $4.2 billion in net fund assets. Read more
Paddock Post 