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Posts from the ‘Other’ Category

6
Jun

Executive Compensation at the Chamber of Commerce of the US (2019)

The US Chamber of Commerce (also known as the Chamber of Commerce of the United States of America) is the largest business organization in the United States representing businesses. A tax-exempt, non-profit 501 (c) 6 organization, the US Chamber of Commerce (USCOC) is based in Washington, DC.

The USCOC raises about $170 million annually (primarily from contributions, gifts and grants with only $5 million coming from membership dues) and spends what it receives. In fact, the USCOC has a negative net asset position (-$24 million) which is an important consideration when the 10 most highly compensated employees received $24 million in compensation in 2019.   In addition, USCOC paid for first class and charter travel, companion travel, health or social club dues or initiation fees, and for personal services (i.e. maid, chauffeur, chef). Read more »

23
May

Where Does $100 to the Boy Scouts Go (2020)?

The Boy Scouts of America (Boy Scouts) is a tax-exempt, non-profit 501 (c) (3) organization headquartered in Irving, Texas.  As one of the largest youth organizations in the US, the Boy Scouts has gone through some tough times the past few years with allegations of child sexual abuse by scoutmasters and other leaders that triggered a bankruptcy filing in 2020. With a recent settlement of $850 million for the thousands of sexual abuse victims, one has to wonder about the financial details of the organization.

In 2019, the Boy Scouts sold a large block of securities presumably to offset a $135 million insurance expense and $85 million in insurance claims, both of which contributed to a deterioration in net assets from $532 million  to $408 million.

Read more »

11
May

Where Does $100 to Paralyzed Veterans of America Go (2020)?

The Paralyzed Veterans of America (PVA) is a non-profit, tax-exempt 501 (c) 3 based in Washington, DC (although the organization has 73 offices and 33 chapters throughout the country). Established in 1947, PVA has a core mission of vets serving vets, funding spinal cord research, and advocating for disability rights, according to their website. So, the question most donors want to know is:  How much of my donation goes to the organization’s core mission?  The answer:  about half because the organization spent more than $47 million on a mail program to raise funds.

Key financial information reported by PVA to the IRS on the Form 990 (for the year ending June 30, 2020) include the following: Read more »

5
May

Executive Compensation at the Association of American Railroads

The Association of American Railroads (AAR) is an industry trade organization representing freight railroads, Amtrak, and other commuter railroads in the US, Canada, and Mexico, to Congress and government regulators, and the public.  Based in Washington, DC, AAR is a tax-exempt, non-profit 501 (c) 6 with 14 voting members (directors), 13 of whom are independent, in its governing body, although the most recent Form 990 (2019) lists 15 directors, all of whom are male.

In 2019, AAR reported total revenue of $54 million (compared to $53 million in 2018, $60 million in 2017, and $60 million in 2016), most of which comes from membership dues.  Expenses totaled $54 million in 2019 with the three largest expenses reported to be compensation ($19 million), intracompany expenses – 3 tax exempt related organizations at the same address and 2 related organizations taxed as a corporation or trust – ($14 million), and fees for services – primarily consultants – ($11 million). Read more »

5
Apr

Executive Compensation at the Association of National Advertisers

The Association of National Advertisers (ANA) is a trade association representing the advertising industry. A non-profit, tax-exempt 501 (c) 6, the ANA is headquartered in New York and Washington, DC.  With more than 1,300 members, dues are based on annual advertising expenditures for advertisers (can can range from just under $10,000 annually to 6 figures) but are significantly less for law firms, ad agencies, PR agencies and vendors who can choose among a platinum, gold or silver membership.

The ANA is managed by 41 voting members (directors) of its governing body, although the most recent Form 990 (2019) lists 46 (due to timing differences). 24 of the 46 (52%) are female while 22 of the 46 (48%) are male. Read more »

26
Mar

Executive Compensation at the American Institute of Architects

The American Institute of Architects (AIA) is a professional trade organization – a 501 (c) 6 – headquartered in Washington, DC.  A tax-exempt, non-profit organization, the AIA represents the architectural profession, although surprisingly, membership dues represent only about 25% of revenue.

The AIA has two related non-profits (AIA Foundation – a 501 (c) 3; and ARCHIPAC – The American Institute of Architects, a 527 Political Action Committee).

15 independent voting members (directors) comprise the governing body although 20 directors are listed on the most recent Form 990 (2019) due to timing differences, 11 of whom are female while 9 are male. Read more »

14
Mar

Executive Compensation at the American Association For Justice

The American Association For Justice (AAJ), formerly the Association of Trial Lawyers of America is a tax-exempt, non-profit advocacy and lobbying membership organization (a 501 (c) 6)) for trial lawyers. With 316 independent board members comprising the governing body, AAJ has a reported 56,000 members.

AAJ directly controls four (4) other tax-exempt organizations:

  • AAJ Education Fund:  a 501 (c) 3
  • AAJ Foundation:  a 501 (c) 3
  • AAJ Political Action Committee:  a 527
  • AAJ Robert L Habush Endowment:  a 501 (c) 3

Read more »

10
Mar

Executive Compensation at the International Fellowship of Christians and Jews (2020)

The International Fellowship of Christians and Jews (IFCJ) is a tax-exempt, non-profit 501 (c) 3 founded by a rabbi in 1983 as a way to “bless Israel and the Jewish people around the world with humanitarian care and life-saving aid” while “building bridges between Christians and Jews.”

There are 9 independent voting members (directors) of the governing body, although 10 are listed on the most recent Form 990 (2020) (with 2 directors – Ed Frankel (a director through 6/20) and Keith Frankel related), which appears to be due to timing differences. 8 of the directors are male while 2 are female (note:  the Form 990 does not report gender; determinations were made based on name and google searches). Read more »

8
Mar

How Revenue is Spent at the International Fellowship of Christians and Jews (2020)

The International Fellowship of Christians and Jews (IFCJ) is a tax-exempt, non-profit 501 (c) 3 founded by a rabbi in 1983 as a way to “bless Israel and the Jewish people around the world with humanitarian care and life-saving aid” while “building bridges between Christians and Jews.”

How is revenue spent at IFCJ?  The short answer is that about half of revenue is spent on grants to Jewish organizations – in the US and in Israel – while the other half is spent on fundraising, printing and postage, television and radio airtime, staff compensation, fees for services, office-related expenses, and travel.  For more detail, read on. Read more »

6
Mar

Executive Compensation at the Anti-Defamation League (ADL) 2020

The Anti-Defamation League (ADL) is a non-profit, tax-exempt 501 (c) 3 established in 1913 in the District of Columbia to defend “democratic ideals and eliminate anti-Semitism and bigotry in the United States and around the world, while providing knowledgeable leadership on a national level for the American Jewish community.”

Based in New York City, the ADL has staff in 26 offices nationwide. It is important to point out the ADL really consists of two entities:  the ADL and the Anti-Defamation League Foundation (Foundation) – both of whom operate out of the same office in New York City.  The Foundation helps support the mission of the ADL by providing funds and by managing the endowment and assets held by the Foundation. Read more »