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Posts from the ‘Non-Profits’ Category

28
Jan

Where Does $100 to Operation Smile Go (2018)?

Operation Smile is a non-profit tax-exempt 501 (c) (3) that provides corrective surgery to children and young adults in developing countries who are born with cleft lip, cleft palate or other facial deformities.

Established in 1982, Operation Smile was founded by Dr. William MaGee,Jr.  (a dentist and plastic and craniofacial surgeon) who serves as the organization’s Chief Executive Officer and his wife Kathleen McGee, who serves as the organization’s President. Their daughter, Kristie Porcaro also serves as the SVP of US and Global Philanthropy of Operation Smile. Read more »

26
Jan

Where does $100 to the Make-A-Wish Foundation Go?

The Make-A-Wish Foundation of America (MAW) was established as a non-profit tax-exempt 501 (c) (3) in 1980 in Phoenix, Arizona to grant the wishes of children diagnosed with critical illnesses. Today, the national headquarters and founding chapter is still in Phoenix but the organization has about 62 chapters throughout the United States and 39 affiliates in nearly 50 countries worldwide. This post addresses the national headquarters whose focus is on fundraising, managing the assets of the organization, and making grants to the Make-A-Wish affiliates.

In a nutshell, MAW raises about $100 million annually, spends about $100 million annually (about half of which is used for grants to affiliate chapters), and has $43 million in fund balances (which is often referred to as the endowment). Read more »

22
Jan

Executive Compensation at the International Food Information Council

The International Food Information Council (IFIC) and the International Food Information Council Foundation (IFICF) operate out of the same office in Washington, DC. In order to understand these two organizations, they need to be viewed together:  one is a non-profit tax-exempt business trade association and the other is a non-profit tax-exempt organization. Read more »

20
Jan

Executive Compensation at Tufts

Tufts University was founded nearly 170 years ago in 1852 after Charles Tufts granted 20 acres of land on Walnut Hill (in the Boston area) to establish a college. Since that time, Tufts has grown from a small liberal arts college to a medium sized research university with about 11,500 students (undergraduate and graduate) on four campuses (three in Massachusetts and one in France). With an annual tuition of $76,000, a four-year undergraduate degree costs about $300,000.

Key financial information about Tufts taken from the IRS Form 990 (2017 for the year ending June 30, 2018) include: Read more »

18
Jan

Executive Compensation at Goodwill (2018)

Goodwill Industries was established in 1902 and is widely known across the country as the place where people donate clothing and household goods to help others.

There are 157 Goodwill Industries agencies (community-based and autonomous) and more than 3,300 retail stores in the US and 12 other countries that generate about $5 billion in revenue annually. Goodwill Industries International, Inc (Goodwill) is the executive member association organization that provides oversight, support, expertise, grants, and products to local agencies (each is a separate 501 (c) (3)) that operates independently but who collectively pay membership dues (revenue) to support Goodwill. There are dozens of Goodwill Industries organizations, each of whom have a CEO whose compensation is substantial. To see these, look to the specific Form 990’s (available at Pro Publica and Charity Navigator) Read more »

16
Jan

Executive Compensation at the Corn Refiners Association

The Corn Refiners Association (CRA) is a Washington, DC-based non-profit, tax-exempt 501 (c) (6)  providing educational material and resources on corn and corn products.  A member-driven trade association, the CRA represents corn wet millers (companies that break corn kernels down into their component parts:  oil, starch, fiber, protein, by using water (as opposed to dry milling).

CRA has 6 member companies (Cargill, Archer Daniels Midland, Grain Processing Corp, Ingredion, Roquette America, and Tate & Lyles Americas) who pay membership dues totaling $9 million annually (note:  the website states there are 6 member companies but the Form 990 reports there are 4 member companies).

In 2018, CRA reported total revenue of $9.2 million and expenses of $6.6 million, which means $2.6 million was left unspent and allocated to the general fund which had $7.5 million at year-end (up from $4.9 million at the beginning of the year). Read more »

12
Jan

Executive Compensation at Human Rights Watch

Human Rights Watch (HRW) is a non-profit tax-exempt 501 (c) (3) based out of New York City. Dedicated to protecting human rights around the world, HRW investigates human rights abuses, exposes the facts of the investigations, and presses for changes. As such, HRW is a staff intensive organization (318 employees in 2018) whose employees were compensated $48 million, which equates to an average compensation of $151,000. However, only 98 employees received more than $100,000 in compensation.

The 25 most highly compensated employees were: Read more »

10
Jan

Where Does $100 to Human Rights Watch Go?

Human Rights Watch (HRW) is a non-profit tax-exempt 501 (c) (3) headquartered in New York City. Dedicated to protecting human rights around the world, HRW investigates human rights abuses, exposes the facts of the investigations, and presses for changes. As such, HRW is a staff intensive organization (318 employees in 2018) whose focus is on providing a service to the world. Read more »

8
Jan

Where Does $100 to the March of Dimes Go (2018)?

The March of Dimes continues to endure. For people following the March of Dimes, the past few years have been difficult on the organization.

Just 5 years ago the March of Dimes had $75 million in net fund assets and was raising close to $200 million annually, but they were spending more than they raised.  Over the next few years, revenue started to decline and the organization went into a negative net fund position because they were spending anywhere from $8-$27 million more than they raised annually, had to fund a pension/post retirement liability, and had losses on investments. Read more »

6
Jan

Executive Compensation at the March of Dimes (2018)

The March of Dimes continues to endure. For people following the March of Dimes, the past few years have been tough on the organization.

Just 5 years ago the March of Dimes had $75 million in net fund assets and was raising close to $200 million annually, but they were spending more than they raised.  Over the next few years, revenue started to decline and the organization went into a negative net fund position because they were spending anywhere from $8-$27 million more than they raised annually, had to fund a pension/post retirement liability, and had losses on investments. Read more »