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22
Jul

Executive Compensation at Dairy Management (2024)

Dairy Management Inc (DMI) is the big organization that most people haven’t heard of because unless you’re a dairy producer, work in the dairy industry, or work in the corporate offices of Pizza Hut, Taco Bell, Dominoe’s, or any company producing products that use dairy, you would have no reason to know that this non-profit, tax-exempt 501 (c) (6) is the most powerful non-profit dairy organization in the country charged with the promotion and marketing of dairy products.

Considered a “check-off” program authorized by Congress but responsible to their members, DMI’s mission is to increase consumption of dairy products by finding more ways to get dairy products to the public including assisting fast food companies with menu items. Read more »

20
Jul

How Dairy Management Spends Revenue (2024)

Dairy Management Inc (DMI) is a non-profit, tax-exempt 501 (c) (6) whose purpose is to promote dairy products in order to increase consumption of dairy products.  What many people don’t consider is that in order for a cow to produce milk, she has to be pregnant or recently had a calf, who is taken from her so her milk can go to make dairy products for humans.  If the calf is a female, she is raised as a dairy cow or for beef (and reproduction primarily through artificial insemination) while males are either confined to a veal crate (and slaughtered at 18-26 weeks for veal), raised for semen (via an artificial vagina or electro ejaculator) that is packaged into straws, flash frozen in liquid nitrogen and distributed to farmers, or raised for beef.

Funded by a mandate by Congress, DMI is what is referred to as a “check off program” where all producers have to contribute funds for the good of the industry. Dairy producers are required to contribute 15 cents per 100 pounds (foreign dairy producers are required to contribute 7.5 cents per 100 pounds) which equates to about 1.5 cents per gallon of milk, all of which adds up to about $150-$180 million annually (which is then spent on marketing (about 52%), administrative organization expenses (about 33%) and export expenses (about 15%). Read more »

18
Jul

Executive Compensation at the Heritage Foundation (2024)

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, and published Project 2025 – “a roadmap for how to replace the rule of law with right-wing ideals,” according to the ACLU.

Based in Washington, DC, Heritage is governed by 16 voting members, of whom 15 are independent,  although 19 are listed on the Form 990 which is due to timing differences. 15 of the 19 (79%) are male while 4 of the 25 (21%) are female.

Heritage raises about $100 million annually, has historically spent less (usually about 70-80% although this was not the case in 2023 or 2024) and has consequently accumulated $334 million in net assets by the end of 2024.

Read more »

16
Jul

How Revenue is Spent at the Heritage Foundation (2024)

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 $100 million annually, spends less than they raise and therefore has about $330 million in net fund assets.  Specifically, Heritage is well known for publishing Project 2025 – a controversial “roadmap for how to replace the rule of law with right-wing ideals” according to the ACLU.

There are 16 voting members of the governing body, 15 of whom are independent although 19 are listed on the Form 990 due to timing differences, of which 15 (79%) are male while 4 (21%) are female. Read more »

14
Jul

9 Employees at the MLB Players Association Take Home $50 Million in Compensation

9 of the most highly compensated employees of the The Major League Ball Players Association (MLBPA) – a tax-exempt non-profit professional trade union representing 6,700 ball players in the major league (1,200) and the minor league (5,500) – the players on the 30 major league teams with 40-men rosters and the 5,500 minor league players employed by the major league teams – in 2024 received $50 million in compensation from 2019-2024:   Read more »

12
Jul

Executive Compensation at the MLB Players Association (2024)

The Major League Ball Players Association (MLBPA) is a tax-exempt non-profit professional trade union representing 6,700 ball players in the major league (1,200) and the minor league (5,500) – the players on the 30 major league teams with 40-men rosters and the 5,500 minor league players employed by the major league teams.

Based in New York, NY, the MLBPA has 1 related/affiliated tax-exempt organization (MLBP Trust) and two related organizations taxable as a corporation or trust (MLBP, Inc to manage group licensing and MLBPA Blocker 1 Inc to manage investing). Read more »

10
Jul

How the MLB Players Association Spends Revenue (2024)

The Major League Ball Players Association (MLBPA) is a tax-exempt non-profit professional trade union representing 6,700 ball players in the major league (1,200) and the minor league (5,500) – the players on the 30 major league teams with 40-men rosters and the 5,500 minor league players employed by the major league teams.

Based in New York, NY, the MLBPA has 1 related/affiliated tax-exempt organization (MLBP Trust) and two related organizations taxable as a corporation or trust (MLBP, Inc to manage group licensing and MLBPA Blocker 1 Inc to manage investing). Read more »

8
Jul

12 Employees of BCBS Massachusetts HMO Blue Take Home $119 Million in Compensation

12 of the most highly compensated employees in 2024 of Blue Cross Blue Shield Massachusetts HMO Blue (BCBS HMO) – a non-profit, tax exempt subsidiary of BCBS Massachusetts, the leading health insurer in Massachusetts, focused on HMO insurance coverage plans –  took home $119 million in compensation from 2020-2024: Read more »

6
Jul

Executive Compensation at BCBS Massachusetts HMO Blue (2024)

Blue Cross Blue Shield (BCBS) is the leading health insurer in Massachusetts with BCBS Massachusetts HMO Blue (BCBS HMO), the non-profit subsidiary focused on HMO coverage plans.  Based in Boston, MA, BCBS HMO reported total revenue of $5.9 billion in 2024 with the primary source of revenue reported to be premiums ($5.8 billion).  Expenses totaled $6.1 billion (including $64 million in depreciation) with the largest expenses reported to be benefits paid to members ($5.4 billion) and compensation ($225 million). Read more »

4
Jul

17 Employees of University of Chicago Take Home $135 Million in Compensation

15 of the moshighly compensated employees in 2023 at the University of Chicago (a private research university with about 18,000 students – 7,500 undergrads and 10,500 graduate and medical students – in Chicago, Illinois) received $135 million in compensation from 2017-2024 (note:  this list does not include highly compensated employees in any of the years 2017-2023 but not in 2024 including the former chief investment officer, Mark Schmid who received $20 million from 2017-2022): Read more »