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Posts from the ‘Other’ Category

3
Apr

Executive Compensation at Geisinger

Geisinger is a large integrated healthcare system with an estimated 24,000 employees working in 10 hospitals and numerous medical care facilities that primarily serve the central and northeastern Pennsylvania region.  Acquired by Risant Health, Geisinger is now a part of Kaiser Permanente (who counts Risant Health as a subsidiary).

In 2023, Geisinger was made up of many organizations:  20 tax-exempt entities, 11 taxable partnerships, and 13 taxable corporations or trusts.  These organizations contribute to an organization called Geisinger System Services who provides overall management services to the organizations that makeup Geisinger Health.  In 2023, these organizations paid nearly $800 million to Geisinger System Services, who spent most of that revenue on compensation ($404 million), office-related expenses ($160 million), and fees for outside services ($150 million). Read more »

1
Apr

Executive Compensation at the Heritage Foundation (2023)

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, and published Project 2025 – “a roadmap for how to replace the rule of law with right-wing ideals,” according to the ACLU.

Based in Washington, DC, Heritage is governed by 17 voting members, of whom 16 are independent,  13 of the 17 (76%) are male while 4 of the 22 (24%) are female.

Heritage raises about $100 million annually, has historically spent less (usually about 70-80% although this was not the case in 2023) and has consequently accumulated $348 million in net assets by the end of 2023.

Read more »

30
Mar

Where Does $100 to the Heritage Foundation Go (2023)?

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 raises about $100 million annually, spends less than they raise and therefore has about $350 million in net fund assets.  Specifically, Heritage is well known for publishing Project 2025 – a controversial “roadmap for how to replace the rule of law with right-wing ideals” according to the ACLU.

There are 17 voting members of the governing body, 16 of whom are independent of which 13 (76%) are male while 4 (24%) are female. Read more »

28
Mar

Executive Compensation at the National Association of Home Builders

The National Association of Home Builders (NAHB) is a trade association – a 501 (c) 6 – that represents the home building industry.  With an estimated 140,000 members among 700 sate and local associations, NAHB is based in Washington, DC and has 76 voting members on its governing board, 71 of whom are independent (although 125 directors are listed on the 2023 Form 990;  111 (89%) of whom are male while 14 (11%) are female). Read more »

26
Mar

How the National Association of Home Builders Spends Revenue

The National Association of Home Builders (NAHB) is a trade association – a 501 (c) 6 – that represents the home building industry.  With an estimated 140,000 members among 700 sate and local associations, NAHB is based in Washington, DC and has 76 voting members on its governing board, 71 of whom are independent (although 125 directors are listed on the 2023 Form 990;  111 (89%) of whom are male while 14 (11%) are female). Read more »

24
Mar

40 Employees at Mass General Brigham Received $240 Million in Compensation

Mass General Brigham (formerly known as Partners HealthCare) is a non-profit, tax-exempt healthcare provider with 16 member institutions that include hospitals, medical centers, urgent and emergency care facilities, community health centers, physician and rehabilitation networks, a teaching organization, health insurance plan, and more in the Boston area who changed its name to Mass General Brigham (taking the name of two premier hospitals: Massachusetts General and Brigham and Women’s) in November, 2019.

With an estimated 90,000 employees (including 6,500 physicians and 9,100 registered nurses), Mass General Brigham is the largest private employer and healthcare provider in Massachusetts. The Mass General Brigham healthcare network has dozens of related and affiliated tax-exempt organizations and several taxable as a corporation, partnership, or trust (see Schedule R of the Form 990’s). Read more »

12
Mar

$250 Million in Legal Fees at the NRA

The NRA has been embroiled in litigation for years with multiple legal charges and actions including corruption, tax fraud, mismanagement, bankruptcy, illegal campaign conduct, and other legal issues.  To defend against the charges (and other minor suits), the NRA used revenue (primarily membership dues and contributions) and relied on accumulated funds in the general fund to pay $250 million in legal fees over the past decade (although the bulk of the legal fees were paid between 2018-2023). Read more »

24
Feb

30 Kaiser Health Executives Received $430 Million in Compensation

Kaiser Health is one of many terms (Kaiser, Kaiser Permanente, etc) that refers to one of the nation’s largest not-for-profit health care insurers and providers with more than 12.5 million members (primarily in California but also in Hawaii, Colorado, Georgia, Oregon, Washington, Virginia, Maryland, and the District of Columbia). With 40 hospitals, more than 600 medical offices, and about 223,000 employees, Kaiser Health is considered one of the leaders in the industry.

30 of the most highly compensated employees received $430 million in compensation from 2017-2023 (and several have only been employed by the organization for just one year): Read more »

22
Feb

Executive Compensation at Kaiser Permanente (2023)

Kaiser Health is one of many terms (Kaiser, Kaiser Permanente, etc) that refers to one of the nation’s largest not-for-profit health care insurers and providers with more than 12.5 million members (primarily in California but also in Hawaii, Colorado, Georgia, Oregon, Washington, Virginia, Maryland, and the District of Columbia). With 40 hospitals, more than 600 medical offices, and about 223,000 employees, Kaiser Health is considered one of the leaders in the industry.

Kaiser Health is comprised of the health plan (Kaiser Foundation Health Plan, Inc), the hospitals (Kaiser Foundation Hospitals) and the medical groups (Permanente Medical Groups) although there are numerous non-profits that make up the entire organization. The focus of this post is on the executive compensation reported on the Form 990 of the Kaiser Foundation Health Plan, Inc. (KFHP) because this organization reports the compensation for the key executives including the Chairman and CEO (as opposed to a related organization reporting compensation from a related organization). Read more »

14
Feb

Executive Compensation at Goodwill (2023)

 Goodwill Industries was established in 1902 and is widely known across the country as the place where we all donate clothing and household goods to help others. There are 161 Goodwill Industries autonomous organizations and more than 4,200 retail stores in the US and Canada and 12 countries that generated an estimated $7.6 billion in revenue in 2023.

Goodwill Industries International, Inc is the executive member association organization that provides oversight, support, expertise, and products to local agencies (each local agency/organization is a separate 501 (c) (3) that operates independently and pays membership dues to support Goodwill Industries International, Inc.). Read more »