When I used to walk through an airport and see someone tugging along a pillow with the pillowcase billowing in their wake, I often stared and wondered if the pillow was for comfort, familiarity, or even a germ thing? I didn’t get it because for decades, I could rest my head on any pillow and get a decent nights sleep. But then things changed; I got older and started feeling tightness or discomfort if my head and neck were not properly supported, all of which started me on a search for the perfect pillow. Read more
The Hotel, Restaurant, Club Employees, and Bartenders Union known formerly as Unite Here Local 6 (Unite Here) is tax-exempt non-profit labor union representing employees in the hotel industry in the New York metropolitan area. A member of the New York Hotel Trades Council (NYHTC) and the New York City Central Trade Council, Unite Here operates out of the same office as NYHTC. And, the Business Manager of Unite Here – Peter Ward – is also the President of NYHTC (according to the 2019 Form 990). Read more
The Hippocrates Health Institute (HHI) is a non-profit 501 (c) (3) that operates out of a 50-acre tropical setting in West Palm Beach, Florida that provides educational and instructional services to teach individuals how to live and eat healthier. Specifically, HHI has been operating since 1987 and focuses on “transforming and optimizing health” through a vegan diet that emphasizes the benefits of raw food. In other words, HHI is a health spa that doesn’t have to pay taxes on profits.
With 7 voting members – five of whom appear to be related (since only 2 are independent) – Brian Clement, President, his wife, Anna Maria Clement (Vice President) Robert Clement, Anna Helena Birgitta Brand, Solomon Gabbay, Shula Gabbay, and Julia Loggins, the organization is not one that relies on donations but instead “tuition for services” which is the cost to attend HHI. Read more
The blood banking industry is truly one of the most unusual businesses in this country: the participants rely on a donated product which they collect, test, process, and then distribute. But, the paradox is they get the product (donated blood) for free and sell it for a profit (their cost is in collecting, testing, processing and distributing).
Most people are aware of the American Red Cross but there are lots of other players including an organization called the New York Blood Center. Based out of New York, NY this tax-exempt, non-profit 501 (c) (3) organization collects donated blood, tests it, processes it by breaking it up into salable components (i.e platelets, plasma, etc), and the sells the various blood products to about 500 hospitals in New York, New Jersey, Connecticut, Delaware, Pennsylvania, Maryland, Virginia, Missouri, Kansas, Minnesota, Nebraska, and Rhode Island. Read more
Idaho’s largest healthcare organization is the St Luke Heath System based in Boise – a tax-exempt, non-profit 501 (c) 3 that consists of 8 medical centers and more than 300 clinics that employ about 17,000. Although the St. Luke Health System consists of dozens of non-profits and other organizations, this post addresses the executive compensation at the St Luke Health System LTD (SLHS) – an organization that provides the overall management of the delivery of healthcare services. Consequently, its primary income comes from the member organizations.
The governing party consists of 16 voting members, 10 of whom are independent. 12 of the 16 directors (75%) are male while 4 of the 16 (25%) are female. Read more
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
The National Retail Federation (NRF) is a non-profit, tax-exempt 501 (c) (6) – a membership based trade association – whose mission is to “advance and protect the interests of the retail industry and to help retailers achieve excellence in all areas of their business.” That’s quite a mission, given the retail environment in this country. Retailers – both national chains and local – are closing daily.
Governed by 30 board members, 29 of whom are independent (38 are reported on the Form 990 due to timing differences; 30 are male while 8 are female), NRF is based in Washington, DC. Read more
When we think of the National Geographic Society (NGS), we often think of the magazine, which according to my childhood friends, was the first magazine they could look through to see naked people. But, the National Geographic Society is so much more than just the magazine. In their own words, they “identify and invest in an international community of explorers: leading scientists, educators, storytellers, conservationists, technologists, and many other change makers who help us define some of the critical challenges of our time….”
The NGS is a tax-exempt non-profit 501 (c) 3 organization based in Washington, DC that primarily relies on investment income (gains on the sale of investments, dividends, interest, etc), royalties, and contributions for revenue. With $1.4 billion in net assets, NGS has the ability to rely on these resources to keep their programs going when contributions, gifts, and grants (roughly $30 million annually) are not enough. Read more
Intermountain Healthcare refers to a large healthcare system in Utah, Nevada, and Idaho (24 hospitals and more than 370 healthcare facilities with more than 45,000 employees) 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 $6.6 billion in revenue in 2018 (compared to $6 billion in 2017). Expenses were $6 billion (including $312 million in depreciation) which helped the organization (after adjusting for nearly $400 million in net unrealized losses on investments) to increase the general fund (or net fund assets) by $300 million in 2018 from $6.5 billion to $6.8 billion. Read more