It’s July 6th: 309 Mass Shootings So Far
July 4th is the day we celebrate our country – the United States of America – whose states don’t seem united on many issues but especially on guns. When the nation’s 309th mass shooting killed 7 people and injured dozens of bystanders at an Independence Day (the irony is not lost on anyone) parade in Highland Park, Illinois, I was in my home where I tend to be more these days because I am afraid to be in a place with crowds. Read more 
Executive Compensation at Centura Health (2020)
Centura Health is a tax-exempt, non-profit 501 (c) 3 healthcare provider based in Centennial, Colorado. With 17 hospitals, 14 affiliate hospitals, and hundreds of other healthcare providers (clinics, practices, etc), Centura Health is a faith-based organization with more than 21,000 employees.
This post addresses the executive compensation at the Centura Health Corporation (CHC) – an organization that has two members: Portercare Adventist Health System (a Florida not-for-profit corporation) and Catholic Health Initiatives Colorado (a not-for-profit Colorado corporation) – that provides overall management of the healthcare system. There are 10 voting members of the governing party, 9 of whom are independent; 9 of the board members are male while 1 is a female. Read more
Executive Compensation at the National Association of Realtors (2019)
The National Association of Realtors (NAR) is the largest professional trade association in the US. A non-profit tax-exempt 501 (c) (6) based in Chicago, Illinois, NAR represents 1.4 million members who belong to one or more of the 1,200 associations/boards and 54 state or territory associations. Members can be residential or commercial brokers, sales people, property managers, real estate appraisers, counselors and others who work in the real estate industry.
NAR functions as a self regulatory agency, a lobbying organization, and as a provider of accreditation and certification of designations. Read more
Executive Compensation at St Jude (2021)
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 Children’s Research Hospital (St Jude): the 77-bed children’s hospital that provides research and medical care; and
- American Lebanese Syrian Associated Charities (ALSAC): the fundraising arm; an organization that exists to raise funds for St. Jude’s
Although most non-profits do not separate fundraising from services, St. Jude’s 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. Read more
Where Does $100 to St Jude Go (2021)?
St. Jude’s is one of the most popular non-profit organizations in the country because the charity’s mission appeals to donors: they treat and help children with cancer and other life threatening illnesses. But, before making donations, donors should understand where revenue is spent and that St. Jude’s is actually two organizations:
- St. Jude Children’s Research Hospital, Inc. (St. Jude) – the 67-bed hospital and research center
- American Lebanese Syrian Associated Charities (ALSAC) – the fundraiser
ALSAC “exists for the sole purpose of raising funds and building awareness to support the current and future needs of St. Jude Children’s Research Hospital, Inc” while St. Jude engages in research and provides care and services to sick children and their families.
St. Jude has a beneficial interest in the assets of ALSAC but the organizations are separate non-profit 501 (c)(3) entities with specific functions: ALSAC raises funds while St. Jude does the research and provides the treatment.
So, where does a $100 donation go? The quick answer is that $42 went to the hospital (although they only spent $34 of that $42 putting the remaining $8 in savings), $26 to organization fundraising expenses, and $32 into savings. For more detail, read on.
Executive Compensation at the Aircraft Owners and Pilots Association (AOPA)
The Aircraft Owners and Pilots Association (AOPA) is a tax-exempt, non-profit 501 (c) (4) who advocates on behalf of its members (estimated to be 280,000) to “protect your freedom to fly.” Based in Frederick, Maryland, AOPA has 12 voting members (trustees), 11 of whom are independent, in its governing body, 11 of whom are male and 1 is a female.
AOPA reported the following key information on the Form 990 (2020): Read more
Executive Compensation at the International Air Transport Association (IATA)
The International Air Transport Association (IATA) is a trade association for the world’s airlines, representing nearly 300 airlines or about 85% of total air traffic. A tax-exempt, non-profit 501 (c) (6), IATA is based in Washington, DC with 9 independent voting members (directors) of the governing body (Board of Governors, all of whom are male.
IATA is also known as Airlines For America and A4A. Read more
Executive Compensation at the Cruise Lines International Association
The Cruise Lines International Association (CLIA) is a Washington, DC-based tax-exempt, non-profit 50 (c) 6 (a trade association) is the world’s largest cruise industry trade association with a worldwide reach to promote the interests of the cruise industry.
There are 27 independent voting members (board members) of the governing body (board), 24 (89%) of whom are male; 3 (11%) are female.
CLIA, as measured by revenue, is a small trade association. Over the past 5 years, the organization has raised $25-$30 million annually, most of which comes from membership dues. Expenses have typically matched revenue or been slightly below revenue (allowing the organization to accumulate a small amount – $6 million – of net assets. Read more
Executive Compensation at Kaiser Health (2019)
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 million members (primarily in California but also in Hawaii, Colorado, Georgia, Oregon, Washington, Virginia, Maryland, and the District of Columbia). With 39 hospitals, more than 700 medical offices, and about 220,000 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 paid compensation for the key executives including the Chairman and CEO (as opposed to a related organization reporting compensation from a related organization). Read more
Executive Compensation at the National Futures Association (2020)
In 1974, Congress established the Commodities Futures Trading Commission (CFTC) as an independent agency of the federal government to regulate the US derivatives market, which includes futures, swaps, and certain types of options.
The National Futures Association (NFA) is a tax-exempt, non-profit 501 (c) 6 business association that is a self-regulatory organization for the US derivatives market.
Sounds almost the same so what’s the difference? Both organizations are working to ensure legal standards are being adhered to but the NFA is only concerned with members of the NFA while operating under the authority of the CFTC. Read more
