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Posts from the ‘Other’ Category

27
May

How the National Association of Realtors (NAR) Spends Membership Dues

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 »

25
May

Executive Compensation at the National Association of Realtors

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. Key information about NAR include the following: Read more »

13
May

Executive Compensation at Oceana

Ocean is a non-profit, tax-exempt 501 (c) (3) based in Washington, DC although the organization has offices worldwide. In 2017, Ocean raised $48 million and spent $38 million, leaving $10 million added to the general fund (or what is often referred to as the endowment) which had $38 million at year-end.

In 2017, Ocean had 167 employees who were compensated $19 million, which equates to an average compensation of $114,000. 28 employees received more than $100,000 in compensation with the 12 most highly compensated employees listed below: Read more »

11
May

Where Does $100 to Oceana Go?

Oceana is a non-profit, tax-exempt 501 (c) (3) ocean conservation organization that advocates for policy changes by governments and corporations in order to preserve ocean life.

Based in Washington, DC, Oceana has offices across the world and is considered the largest ocean conservation advocacy group in the world. They do this by conducting their own scientific research, making policy recommendations, lobbying for specific legislative action, and filing and litigating lawsuits. Hence, the organization is staff intensive with 167 employees (as of 2017) that work on responsible fishing, plastics in the ocean, seafood fraud, climate change, and energy (i.e. drilling, blasting, and wind farms). Read more »

29
Apr

Executive Compensation at United Way (2018)

United Way may refer to a number of charitable organizations throughout the world but in the United States, United Way generally refers to United Way Worldwide (formerly United Way of America) and/or one of the 1,800 offices in 40 countries and territories.

United Way Worldwide is the leadership and support organization for the whole network which includes approximately 1,200 local offices (approximately 67% of the total number of offices) in the United States (including DC, Puerto Rico, and the Virgin Islands). A non-profit 501 (c) (3), United Way Worldwide is required to submit an IRS Form 990 (a tax return that provides details on revenue, expenses, assets, liabilities, and more) annually, as does each of the local offices. Read more »

27
Apr

Where Does $100 to the Heritage Foundation Go?

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 $80 million annually, spends about the same amount, but has about $250 million in net fund assets.

In 2018, Heritage raised $81 million, most of which came from contributions, gifts, and grants. Expenses totaled $80 million and can be viewed two ways:  by broad general category (program service, management and general, and fundraising) or by specific line item categories (i.e. compensation, office-related, travel and conferences, fees for services, etc). Both ways are beneficial with the latter approach providing more specific detail on how revenue was spent. Read more »

11
Apr

How Membership Dues Are Spent at the NRA (2018)

When most people think of the NRA they think of the National Rifle Association of America and the Second Amendment (“A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed”) but there are six separate non-profits that comprise the NRA:

  • NRA (National Rifle Association of America):  501 (c)(4)
  • NRA Foundation, Inc.:  501 (c)(3)
  • NRA Freedom Action Foundation:  501 (c)(3)
  • NRA Civil Rights Defense Fund:  501 (c)(3)
  • NRA Special Contribution Fund: 501 (c) (3)
  • NRA Political Victory Fund: PAC Section 527

Read more »

9
Apr

Executive Compensation at the NRA (2018)

The National Rifle Association of America (NRA) is a non-profit 501 (c) (4) organization or what many people refer to as an membership advocacy organization that fights tirelessly for our second amendment rights and pays their executives very well while also paying for first class or charter travel, travel for companions, health or social club dues or initiation fees, gross up payments and tax indemnification, and provides housing allowances or housing for personal use.

The most recent IRS Form 990 (2018) reports the organization employed 816 individuals who were compensated $63.9 million, which equates to an average compensation of $78,300. 122 employees received more than $100,000 in compensation while the 16 most highly compensated key executives received $13.4 million dollars in 2018: Read more »

3
Apr

Executive Compensation at Intermountain Healthcare (2017)

Intermountain Healthcare refers to a large healthcare system (22 hospitals and nearly 200 clinics) based in Salt Lake City, Utah. Although there are  numerous non-profits under the Intermountain Healthcare system, the primary entities include IHC Health Services, Inc. and the Intermountain Healthcare Foundation, Inc.  – both of whom operate out of the same office.

In short, IHC Health Services, Inc. reported $6 billion in revenue in 2017. Expenses were $5.5 billion (including $277 million in depreciation) which helped the organization (along with nearly $400 million in net unrealized gains on investments) to increase the general fund (or net fund assets) by nearly $1 billion in 2017 from $5.6 billion to $6.5 billion.

In 2017, IHC Health Services, Inc. employed 44,323 individuals who were compensated nearly $2.8 billion, which equates to an average compensation of $63,200.

4,209 employees received more than $100,000 in compensation with the 28 most highly compensated employees listed below: Read more »

25
Mar

A Novel Idea for Non-Profits: Continue to Pay Your Employees

Watching this country fall apart from the devastation of the coronavirus has made me realize how shockingly fragile all our lives are. It doesn’t matter what socio-economic group people are in because the virus doesn’t discriminate but for those who are barely making ends meet or don’t have a safety net, the effects of this virus are disastrous economically. Read more »