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11
May

10 Tips to Make Plant-Based Meals Better

Switching from a Standard American Diet (SAD) and/or a diet high in animal products  – where milk, butter, cheese, meat, chicken, poultry, pork, fish, processed drinks and foods high in added fats and sugar are center stage –  to a plant-based diet is difficult because if you’re not used to eating a diet high in vegetables, fruits, whole grains, nuts, and seeds, then the food won’t seem satisfying or tasty at first (but within a few weeks, your taste buds adjust). So, the best way to make a successful transition is to make small changes that include the following tips: Read more »

9
May

Executive Compensation at the American Cancer Society

The American Cancer Society (ACS) was established in 1922 and is headquartered in Atlanta, Georgia, although there are 11 geographic divisions. As one of the most recognized non-profits in the country, generating more than $800 million a year and with $1.1 billion (!) in net fund assets, the ACS focuses on making research grants (about $170 million annually or 20% of revenue), providing patient support, prevention programs and education along with disseminating information.

To accomplish the above, ACS reported having 6,679 employees in 2016 at a total compensation cost of $455 million (which equates to an average of $68,000 each). 368 individuals received more than $100,000 in compensation with the 12 most highly compensated individuals listed below: Read more »

7
May

Best Bagels in NY: Tompkins Square Bagels

Everyone in New York and beyond has an opinion about bagels so I’m just going to put my two cents out there. Tompkins Square Bagels makes the best bagels, period. A great bagel has to be big and round, golden brown and slightly crispy on the outside and doughy on the inside – and that’s what Thompkins Square Bagels are.

With two locations (the original location at 165 Avenue A by Tompkins Square Park and 184 2nd Avenue between 11th and 12th Street) in the East Village, Tompkins Square Bagels is a neighborhood bagel shop but also a destination spot for many New Yorkers who know a good bagel when they taste one. Read more »

5
May

The House on Mango Street

People who live on hills sleep so close to the stars they forget those of us who live too much on earth.

In 1984, Sandra Cisneros – a woman who “dreamed about having a silent home, just to herself, the way other women dreamed of their weddings” – was a 30-year-old Mexican American writer (having earned a BA in English from Loyola University and a Masters of Fine Arts from Iowa Writers’ Workshop at the University of Iowa) published her first book, The House on Mango Street:  the story of a young Hispanic girl named Esperanza Cordero growing up on the west side of Chicago. Read more »

3
May

Executive Compensation at Harvard

Harvard University (Harvard) is one of the most well-respected institutions of higher learning in the United States and consequently, a popular choice among prospective students. With a 5% acceptance rate (40,000 students apply annually and only about 2,000 are accepted), Harvard is also one of the most competitive undergraduate schools in the country even though the cost to attend is about $65,000 annually ($45,000 for tuition and $20,000 for room, board, and fees).

Harvard is a 501 (c) (3) whose legal name is President and Fellows of Harvard College.  There is also Harvard Management Company, Inc. (HMC) – a 501 (c) (3) – whose mission is to provide investment management services to Harvard (managing the $41.9 billion in net fund assets). Both of these organizations are key to understanding the financial aspects of what most people think of as “Harvard.” Read more »

1
May

Executive Compensation at the V Foundation and Don’t Ever Give Up, Inc.

The V Foundation and Don’t Ever Give Up, Inc. are two separate non-profit 501 (c) (3)’s that can be best described  as follows:

V Foundation:  Formed in 1993 by Jim Valvano to raise money to fund cancer research; and

Don’t Ever Give Up, Inc.:  Formed in 2015 to raise funds for the V Foundation, this organization is the fundraising support arm for the V Foundation.

Although both organizations are separate non-profits,they are related because one exists (Don’t Ever Give Up, Inc.) to support the other (V Foundation). Both organizations operate out of the same office (14600 Weston Parkway) in Cary, NC. Although Don’t Ever Give Up, Inc. reports having no employees, they have compensation related costs because they utilize staff of the V Foundation  and reimburse the organization for those costs along with office related and other expenses. Read more »

29
Apr

Where Does $100 to the V Foundation Go?

The V Foundation was founded by Jim Valvano, the legendary basketball coach who died in 1993 when he was 47 years old. Based in Cary, North Carolina, the V Foundation was established to raise funds for cancer research so the organization engages in primarily two functions:  fundraising and awarding grants.  However, it is also important to note that an affiliate organization – Don’t Ever Give Up, Inc. – a non-profit 501 (c) (3) – that operates out of the same office – exists to raise funds for the V Foundation.

It is unclear why Don’t Ever Give Up, Inc. was established (in 2015) to raise funds when one of the two purposes of the V Foundation is to raise funds.  Sometimes non-profits form an affiliate organization to focus solely on fundraising so that the primary organization’s fundraising costs appear lower than what they actually are.  To fully understand the V Foundation, it is necessary to look at the IRS Form 990’s of BOTH organizations. If both organizations were considered collectively (since Don’t Ever Give Up, Inc. exists to support the V Foundation), then a more accurate picture of revenue and expenses are revealed. Read more »

27
Apr

Executive Compensation at the Breast Cancer Research Foundation

The Breast Cancer Research Foundation (BCRF) is primarily engaged in raising funds and making grants to further medical research to prevent and cure breast cancer.  With 51 employees, BCRF is based in New York City. In 2017, the organization raised $73 million and awarded $59 million in grants, which is about 80% of revenue. BCRF has about $22 million in net fund assets, most of which is unrestricted.

Total compensation-related costs were $6.7 million for the 51 employees, which equates to about $131,000 each. However, 14 individuals received more than $100,000 in total compensation with the most highly compensated individuals listed below: Read more »

25
Apr

Where Does $100 to the Breast Cancer Research Foundation Go?

The Breast Cancer Research Foundation (BCRF) was founded in 1993 as an independent, not-for-profit 501 (c) (3) dedicated to preventing and curing breast cancer by supporting scientific research. Consequently, the organization engages in primarily two functions: raising funds and awarding grants.  Based in New York, BCRF has about 51 employees dedicated to these functions and managing the organization. So, the key question becomes:  just how much of the revenue raised was awarded in grants? About 80%, according to the most recent financial information.

The Form 990 (2016 representing the year beginning July 1, 2016 and ending June 30, 2017) for BCRF reports the following key information with regards to revenue and expenses, grants, assets and liabilities, and fundraising. Read more »

23
Apr

Executive Compensation at Donors Choose

Donors Choose is a New York City-based 501 (c) (3) non-profit that connects the public to projects that need funding in public schools.

Founded in 2000 by a history teacher, Charles Best, Donors Choose asks public school staff to post projects that need funding so that the public can choose what they want to help pay for by making a donation. In 2016, the organization raised $121 million, spent $101 million with the remainder added to the net fund assets which had nearly $61 million at year-end.

Donors Choose reported having 199 employees in 2016 but about 40% of these employees were part-time or seasonal workers. At year-end (June 30, 2017) there were 118 full-time employees, 22 of whom received more than $100,000 in compensation with the most highly compensated individuals listed below: Read more »