22 Employees of Advent Health Take Home $186 Million in Compensation
22 of the most highly compensated employees of AdventHealth (formerly known as Adventist Health System until 2019 when the 501 (c) (3) “rebranded” itself) is one of the largest non-profit health care providers in the United States with 50 hospitals and hundreds of care sites in 9 states. Based in Altamonte Springs, Florida, AdventHealth is a very large system with 87 tax-exempt non-profits, 16 organizations taxable as partnerships, and 21 organizations taxable as a corporation or trust) received $186 million in compensation from 2016-2023 (with several employees only recently joining the organization, which means the highly compensated employees employed in any of the years from 2016-2022 but not in 2023 are not included – including Daryl Tol who received $13 million from 2016-2022, Michael Schultz who received $12 million from 2016-2022, and Eddie Soler who received $10 million from 2016-2022 – which means the total amount would be even higher if all the most highly compensated employees were included): Read more 
Executive Compensation at Advent Health (2023)
AdventHealth (formerly known as Adventist Health System until 2019 when the 501 (c) (3) “rebranded” itself) is one of the largest non-profit health care providers in the United States with 50 hospitals and hundreds of care sites in 9 states. Based in Altamonte Springs, Florida, AdventHealth is a very large system with 87 tax-exempt non-profits, 16 organizations taxable as partnerships, and 21 organizations taxable as a corporation or trust.
This post looks at the executive compensation at Adventist Health System Sunbelt Healthcare Corporation (AHSSHC), the tax-exempt, non profit organization that provides management, leadership, and oversight to the affiliates. It is important to note there are dozens of other related and affiliated non-profits and for profit organizations related to AdventHealth that are not covered in this post. Read more
How Revenue is Spent at Hippocrates Health Institute (2023)
The Hippocrates Health Institute (HHI) is a tax-exempt, non-profit 501 (c) (3) that operates out of a 55-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. The cause is noble and commendable but the price to attend (estimated at about $5,000 per week) is not.
Key issues both historically and currently include the following: Read more
10 Employees at the US Chamber of Commerce Took Home $117 Million in Compensation
10 of the most highly compensated employees at the US Chamber of Commerce (also known as the Chamber of Commerce of the United States of America, the US Chamber of Commerce is the largest business organization in the United States representing businesses. A tax-exempt, non-profit 501 (c) 6 organization, the US Chamber of Commerce (USCOC) is based in Washington, DC) in 2023 took home $117 million in compensation from 2017-2023: Read more
Executive Compensation at the US Chamber of Commerce (2023)
The US Chamber of Commerce (also known as the Chamber of Commerce of the United States of America) is the largest business organization in the United States representing businesses. A tax-exempt, non-profit 501 (c) 6 organization, the US Chamber of Commerce (USCOC) is based in Washington, DC.
The USCOC raised $197 million in 2022 (compared to $210 million in 2022, $204 million in 2021, $230 million in 2020 and $173 million in 2019), primarily from contributions, gifts and grants with only $4 million coming from membership dues).
Expenses totaled $207 million, with the largest expense reported to be compensation ($106 million), followed by fees for services ($42 million), office-related expenses ($20 million). A $5 million adjustment to net assets allowed the organization to close the year with $86 million in net assets (compared to $81 million at the beginning of the year). Read more
Executive Compensation at the Horatio Alger Association (2023)
The Horatio Alger Association (HAA) is a tax-exempt, non-profit 501 (c) 3, HAA is based in Alexandria, Virginia. The organization is overseen by 75 independent voting members (board members) of the governing body. 69 of the 75 board members (92%) are male while 6 of the 75 members (8%) are female.
At the heart of HAA is the firm belief in achieving the “American Dream” through the free-enterprise system. So, the purpose of this organization appears to be the awarding of grants (but surprisingly only $8.7 million or about 28% of total revenue was awarded in grants in 2023 (which was better than the previous year when $2.4 million was awarded in grants), while the Executive Director, Terrence Giroux received $1.5 million in compensation in 2023 (compared to $5.2 million in 2022). Read more
How Revenue is Spent at the Horatio Alger Association (2023)
The Horatio Alger Association (HAA) is named for the gilded age writer, Horatio Alger who wrote about impoverished boys who rose from their humble backgrounds through education and good works to higher echelons of society. Consequently HAA awards need based scholarships and honors the achievements of those who have overcome adversity and obtained personal achievement and success throw perseverance.
At the heart of HAA is the firm belief in achieving the “American Dream” through the free-enterprise system. So, the purpose of this organization appears to be the awarding of grants (but surprisingly only $8.7 million or about 28% of total revenue was awarded in grants in 2023 (which was better than the previous year when $2.4 million was awarded in grants), while the Executive Director, Terrence Giroux received $1.5 million in compensation in 2023 (compared to $5.2 million in 2022). Read more
Executive Compensation at the Nature Conservancy (2024)
The Nature Conservancy – a 501 (c) (3) based in Arlington, Virginia – whose mission is “to conserve land and waters on which all life depends” has been around since 1951 and is one of the most popular and wealthy non-profits in the country.
There are 23 voting members (directors) of the governing body, 21 of whom are independent, although the Form 990 lists 25 directors (due to timing differences) – 13 (52%) of whom are male and 12 (48%) of whom are female.
The most recent financial information (the 2023 IRS Form 990 for the year ending June 30, 2024) reports the organization raised $1.5 billion and spent $1.4 billion. The difference between revenue raised and revenue spent was $130 million which along with nearly $220 million in net unrealized gains on investments and other changes in assets helped increase net fund assets from $7.8 billion at the beginning of the year to $8.1 billion at the end of the year. Read more
How Revenue is Spent at the Nature Conservancy (2024)
The Nature Conservancy raises more than $1 billion a year and has $8 billion in net assets , making the organization one of the most well capitalized non-profits in the country. If you’ve ever wondered how a donation is spent but don’t feel inclined to read the dozens and dozens of pages of the IRS Form 990 (the tax return submitted to the IRS annually), then continue reading.
The bottom line: Most revenue ($72 out of every $100) is spent on compensation for the nearly 5,000 employees, fees for outside services, office-related expenses and other administrative expenses (i.e. travel, conferences, etc). $8 out of every $100 is used for grants for conservation efforts. Read more
Executive Compensation at the Nature Conservancy (2023)
The Nature Conservancy – a 501 (c) (3) based in Arlington, Virginia – whose mission is “to conserve land and waters on which all life depends” has been around since 1951 and is one of the most popular and wealthy non-profits in the country.
There are 21 voting members (directors) of the governing body, 19 of whom are independent, although the Form 990 lists 25 directors (due to timing differences) – 13 (52%) of whom are male and 12 (48%).of whom are female.
The most recent financial information (the 2022 IRS Form 990 for the year ending June 30, 2023) reports the organization raised $1.2 billion and spent $1.1 billion. The difference between revenue raised and revenue spent was $46 million which along with nearly $240 million in net unrealized losses on investments and other changes in assets helped increase net fund assets from $7.5 billion at the beginning of the year to $7.8 billion at the end of the year. Read more
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