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Posts from the ‘Non-Profits’ Category

10
Dec

Executive Compensation at the March of Dimes (2019)

2019 was not a great year for the March of Dimes and yet, they continue to endure.  Just six years ago, the March of Dimes had $75 million in net fund assets and was raising nearly $200 million annually but they were spending more than they raised.  Since then, revenue has declined and the organization went into a negative net fund position because they were spending $8-$27 million more than they raised until 2016, had to fund a pension/post retirement fund for employees which for some reason was not funded (and is still not fully funded by $66 million), and had losses on investments. Things were not looking good by 2016 so the organization brought in a new president in 2017 following the retirement of the longtime president. Read more »

8
Dec

Where Does $100 to the March of Dimes Go (2019)?

2019 was not a great year for the March of Dimes and yet, they continue to endure.  Just six years ago, the March of Dimes had $75 million in net fund assets and was raising nearly $200 million annually but they were spending more than they raised.  Since then, the revenue has declined and the organization went into a negative net fund position because they were spending $8-$27 million more than they raised annually, had to fund a pension/post retirement fund for employees, and had losses on investments. Things were not looking good by 2016 so the organization brought in a new president in 2017 following the retirement of the longtime president. Read more »

6
Dec

Executive Compensation at Shriners Hospitals (2018)

Shriners Hospitals for Children is a network of 22 hospitals that provide specialized pediatric care (orthopaedic, burn, spinal cord, and palate) for children under the age of 18. According to the Shriners website, 20 out of the 22 hospitals are located in the United States and file IRS Form 990’s under two corporations:

  • The Shriners Hospitals for Children (for 18 of the hospitals in the US) – a Colorado corporation based in Tampa, Florida; and
  • The Shriners Hospitals for Children (for 2 of the hospitals in Massachusetts) – a Massachusetts corporation based in Tampa, Florida.

Read more »

4
Dec

Where Does $100 to Shriners Hospitals Go (2018)?

Shriners Hospitals for Children is a network of 22 hospitals that provide specialized pediatric care (orthopaedic, burn, spinal cord, and palate) for children under the age of 18. According to the Shriners website, 20 out of the 22 hospitals are located in the United States and file IRS Form 990’s under two corporations:

  • The Shriners Hospitals for Children (for 18 of the hospitals in the US) – a Colorado corporation based in Tampa, Florida; and
  • The Shriners Hospitals for Children (for 2 of the hospitals in Massachusetts) – a Massachusetts corporation based in Tampa, Florida.

Read more »

30
Nov

Executive Compensation at Samaritan’s Purse (2019)

Samaritan’s Purse – based out of Boone, North Carolina – 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.

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. shoebox gifts:  a box filled with toys, supplies, and hygiene items) which average about 40% of revenue. The rest of the revenue is spent on staff compensation, travel and conferences, supplies, office supplies, advertising, and more. Read on for more specifics. Read more »

28
Nov

Where Does $100 to Samaritan’s Purse Go (2019)?

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 out of 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. shoebox gifts:  a box filled with toys, supplies, and hygiene items) which average about 40% of revenue. The rest of the revenue is spent on staff, travel and conferences, supplies, office supplies, advertising, and more. Read on for more specifics. Read more »

26
Nov

Executive Compensation at Boys Town

Boys Town refers to a non-profit, tax-exempt organization focused on helping children and their families but the “organization” is actually many non-profit, tax-exempt organizations with one member:  Father Flanagans Boys Home (FFBH) who controls and provides oversight to all the affiliates.

Based in Boys Town, Nebraska, FFBH has two research hospitals (west and east) and 10 non-hospital health care facilities.  However, FFBH has affiliate organizations that also provide services in Nebraska, Iowa, Louisiana, Nevada, Washington, DC, Florida, Rhode Island, and Massachusetts, the Boys Town organizations reach across the US. Read more »

24
Nov

Where Does $100 to Boys Town Go?

Boys Town generally refers to a tax-exempt, non-profit organization whose focus is on the care of children and families who need assistance.  However, the organization actually consists of many tax-exempt, non-profit organizations in Nebraska, Iowa, Florida, Louisiana, Nevada, Washington, DC, Rhode Island, and Massachusetts, all of whom have one member:  Father Flanagans Boys Home (FFBH) and are therefore controlled by FFBH.

Based in Boys Town, Nebraska, FFBH provides medical services at two hospitals and numerous types of outpatient clinics in the Omaha, Nebraska metropolitan area and oversight at the affiliated organizations throughout the country.  FFBH is governed by 17 voting members, 16 of whom are independent.  Information on the website indicates there are 16 trustees, 10 of whom (73%) are male while 6 (27%) are female. Read more »

22
Nov

Executive Compensation at the National Pork Producers Council

The National Pork Producers Council (NPPC) is a non-profit, tax-exempt 501 (c) (5) – an agricultural organization that can make unlimited corporate, individual, or union contributions – that also owns a for-profit corporation called the American Pork Export and Trading Company, whose focus is on the export of pork.

Based in Des Moines, Iowa (with an office in Washington, DC), NPPC represents 42 affiliated state associations that promote pork (there are 60,000 pork producers with Smithfield being the largest, that raise and slaughter about 120 million hogs annually – about 1 hog for every 3 people in the US). Read more »

20
Nov

Executive Compensation at Sentara Hospitals

Sentara Hospitals is part of the integrated healthcare system referred to as “Sentara Healthcare.”  A non-profit, tax-exempt 501 (c) (3), Sentara Hospitals reports the financial and other information of seven hospitals in southeastern Virginia and northeastern North Carolina. (Note: Sentera Healthcare reports having 12 hospitals in 2020 which indicates some hospitals are separate related/affiliated organizations). Read more »