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25
Oct

Executive Compensation at the BCBS Association (2023)

The Blue Cross Blue Shield Association (BCBSA) is a tax-exempt, non-profit 501 (c) 4 (a social welfare organization) based in Chicago, Illinois that serves as a national association of 36 independent BCBS companies that provide health insurance to more than 115 million people.

BCBSA also own and manage the BCBS trademarks and names in more than 170 countries around the world.  Consequently, revenue comes from the members of BCBSA whose revenue comes from insurance premiums. In other words, part of your BCBS health insurance premiums are paid to BCBSA.

There are 34 voting members of the governing body, of whom 33 are independent, although there are 36 listed on the Form 990 (2023) of whom 26 (72%) are male while 10 (28%) are female.

Read more »

23
Oct

15 Employees at CalTech received $60 Million in Compensation

15 employees of CatTech (a private research university focused on science and engineering.  Based in Pasadena, CA, Caltech has about 2,500 students (1,000 undergraduate and 1,500 graduate) whose predecessors have been awarded 48 Nobel Prizes.  Tuition, room and board total about $95,000 annually) received $60 million in compensation from 2017-2023 (note:  many of these employees were not employed at CalTech for all those years; and highly compensated employees in any of the years 2017-2022 but not in 2023 are not included): Read more »

21
Oct

Executive Compensation at CalTech (2023)

The California Institute of Technology (CalTech) is a private research university focused on science and engineering.  Based in Pasadena, CA, Caltech has about 2,500 students (1,000 undergraduate and 1,500 graduate) whose predecessors have been awarded 48 Nobel Prizes.  Tuition, room and board total about $95,000 annually.  According to the school’s website, 51% of students receive an average need based assistance of $60,000.  Only 27% of students graduate with loans and the average indebtedness is $17,000. Read more »

19
Oct

20 Employees at St Jude Take Home $100 Million in Compensation

20 of the most highly compensated employees at St Jude in 2024 received more than $100 million in compensation from 2017-2024.  It is important to note St Jude is actually two organizations:

  • St. Jude Children’s Research Hospital (St Jude): the 73-bed children’s hospital with more Han 7,300 employees that provides research and medical care; and
  • American Lebanese Syrian Associated Charities (ALSAC): the fundraising arm; an organization with 2,100 employees that exists to raise funds for St. Jude’s

Although most non-profits do not separate fundraising from services, St. Jude’s does,:  St. Jude relies on ALSAC for the majority of it’s revenue and has a beneficial interest in the organization. Read more »

15
Oct

Executive Compensation at St Jude (2024)

When people think of St. Jude’s, they often associate the organization with the children’s research hospital but St Jude’s is actually two organizations:

  • St. Jude Children’s Research Hospital (St Jude): the 73-bed children’s hospital with 7,374 employees that provides research and medical care; and
  • American Lebanese Syrian Associated Charities (ALSAC): the fundraising arm; an organization with 2,100 employees that exists to raise funds for St. Jude’s

Although most non-profits do not separate fundraising from services, St. Jude’s does, so both organizations need to be analyzed because St. Jude’s relies on ALSAC for the majority of it’s revenue and has a beneficial interest in the organization. Read more »

13
Oct

Where Does $100 to St Jude Go (2024)?

St. Jude’s is one of the most popular non-profit organizations in the country because the charity’s mission appeals to donors:  they treat and help children with cancer and other life threatening illnesses. But, before making donations, donors should understand where revenue is spent and that St. Jude’s is actually two organizations:

  • St. Jude Children’s Research Hospital, Inc. (St. Jude) – the 73-bed hospital and research center
  • American Lebanese Syrian Associated Charities  (ALSAC) – the fundraiser

ALSAC  “exists for the sole purpose of raising funds and building awareness to support the current and future needs of St. Jude Children’s Research Hospital, Inc” while St. Jude engages in research and provides care and services to sick children and their families. Read more »

11
Oct

15 Employees of Stanford Health Take Home $120 Million in Compensation

15 highly compensated employees of Stanford Health Care (SHC) – a tax-exempt non-profit organization with $6.5 billion in net assets whose purpose is to provide patient care services through its 19,000 employees at 3 hospitals and 60 clinics in the Palo Alta, California area – received $120 million in compensation from 2018-2023:  (note:  the 15 employees are the most highly compensated 15 employees in 2023; highly compensated employees in any of the years 2018-2022 but not in 2023 are not included):   Read more »

9
Oct

Executive Compensation at Stanford Health Care (2023)

Stanford Health Care (SHC) is a tax-exempt non-profit organization whose purpose is to provide patient care services through its 19,000 employees at 3 hospitals and 60 clinics in the Palo Alta, California area.  SHC consists of 22 tax-exempt non profit organizations, 43 related organizations taxed as a partnership, and 30 organizations taxed as a corporation or trust. Read more »

7
Oct

Executive Compensation at the American Beverage Association (2023)

The American  Beverage Association is a Washington, DC-based non-profit 501 (c) (6) trade association representing America’s non-alcoholic beverage industry. Originally established in 1919 as the American Bottlers of Carbonated Beverages, the organization was renamed the National Soft Drink Association in 1966, when the soft drink market began growing rapidly in the USA.

In 2004, the organization’s name was changed to the American Beverage Association (ABA), which coincidently was about the time negative press was on the upswing calling out the soft drink industry for the copious amount of sugar and high fructose corn syrup in soft drinks. In subsequent years, as the government imposed taxes on these beverages siting the lack of nutritional benefits and the great cost to the consumer and the health care industry, the ABA has fought attempts by stepping up their lobbying efforts. Read more »

5
Oct

How the American Beverage Association Spends $100 Million Annually (2023)

I don’t drink soda.   ~ Guy Fieri

The American  Beverage Association is a Washington, DC-based non-profit 501 (c) (6) trade association representing America’s non-alcoholic beverage industry. Originally established in 1919 as the American Bottlers of Carbonated Beverages, the organization was renamed the National Soft Drink Association in 1966, when the soft drink market began growing rapidly in the USA.

In 2004, the organization’s name was changed to the American Beverage Association (ABA), which coincidently was about the time negative press was on the upswing calling out the soft drink industry for the copious amount of sugar and high fructose corn syrup in soft drinks. In subsequent years, as the government imposed taxes on these beverages siting the lack of nutritional benefits and the great cost to the consumer and the health care industry, the ABA has fought attempts by stepping up their lobbying efforts. Read more »