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Posts from the ‘Special Topics’ Category

22
Nov

Executive Compensation at Intermountain Healthcare (2019)

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. Read more »

28
Oct

Executive Compensation at the American Lung Association (2020)

The American Lung Association is a tax-exempt, non-profit 501 (c) (3) that focuses on preventing lung disease and improving lung health by providing program services (education and advocacy to the public (research grants comprise about 10% of expenses).

There are 17 independent members (directors) of the governing body (board of directors), although the Form 990 lists 19 directors, which appears to be due to timing differences.  12 of the 19 (63%) directors are male while 7 of the 19 (37%) are female (note:  gender identity is not reported on the Form 990; conclusions were made based on name and google searches). Read more »

26
Sep

Executive Compensation at Planned Parenthood

Planned Parenthood Federation of America, Inc. is generally referred to as “Planned Parenthood” and known to provide reproductive healthcare in the US and globally.  Although Planned Parenthood is often in the news over women’s reproductive rights and specifically, abortion rights, the organization provides general healthcare, birth control, patient education, pregnancy testing, STD testing, treatment, and vaccines, women’s services, LGBT services, and men’s services. Read more »

2
Sep

Executive Compensation at the American Medical Association (AMA) (2018)

The American Medical Association (AMA) is a non-profit 501 (c) (6) – a professional association and the largest association of physicians – whose primary purpose is to:

  • publish the Journal of the American Medical Association (JAMA) – a peer reviewed medical journal that includes original research, reviews, and editorials of medicine;
  • maintain a code of medical ethics,
  • create and maintain physician data which is sometimes referred to as master files; and
  • update and maintain medical classification codes (referred to as CPT codes) used by the government, medical practices, hospitals, and insurance companies in return for royalty fees.

Read more »

13
Aug

How the National Association of Manufacturers Spends Revenue

The National Association of Manufacturers (NAM) is a tax-exempt, non-profit advocacy group (trade association) representing more than 14,000 manufacturing companies. Based in Washington, DC, NAM is primarily engaged in lobbying for policies in all areas that affect labor and employment in manufacturing.

The governing body has 204 voting members (board members), 203 of whom are independent.  171 of the 204 (84%) board members are male while 32 of the 204 (16%) are female. Read more »

7
Aug

Executive Compensation at the Jewish Communal Fund

The Jewish Communal Fund is a tax-exempt, non-profit 501 (c) (3) that focuses on donor-advised funds, which are funds (more than 4,200) that have been established at the Jewish Communal Fund for philanthropic purposes.

The Jewish Communal Fund manages the funds and assists the clients that established the funds on how to give back to the community.  This type of fund basically eliminates the client from having to do the research, management, and monitoring of funds, leaving the responsibility to the Jewish Communal Fund staff.

Based in New York, NY, the Jewish Communal Fund manages about $2 billion.  In 2020, total revenue was $585 million (including $194 million in marketable securities), most of which came from contributions, gifts, and grants ($525 million), and investment income/gain on the sale of assets ($60 million). Read more »

26
Jul

The Purple Harmony Pillow

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 »

29
May

Executive Compensation at Unite Here (NYC)

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 »

21
May

How Revenue is Spent at Hippocrates Health Institute (2018)

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 »

11
May

Executive Compensation at New York Blood Center

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 »