Executive Compensation at Mount Sinai Hospital (2019)
Mount Sinai Hospital (MSH) is part of the Mount Sinai Health System (MSHS) – a network of 8 hospitals and a medical school formed in 2013 when the operations of Mount Sinai Medical Center and Continuum Health Partners merged. MSHS is the controlling entity or the affiliated organization – both non-profit and for profit – in the network. Headquartered in New York City, NY, MSHS has about 4,000 beds and 38,000 employees, with nearly 18,500 of them employed by the Mount Sinai Hospital.
Key information to know about Mount Sinai Hospital (MSH), as reported on the Form 990 (2019) submitted to the IRS includes: Read more 
Executive Compensation at UPMC Group (2020)
The University of Pittsburgh Medical Center is a tax-exempt, non-profit healthcare provider with more than 90,000 employees that work in 40 hospitals and more than 800 healthcare-related clinics/offices and a 4 million member insurance services division (the largest medical insurer in western Pennsylvania).
The organization consists of hundreds of related/affiliated organizations (both non-profit and for-profit). This post addresses the executive compensation at UPMC Group (UPMC), a tax-exempt, non-profit 501 (c) 3 that employs the largest number of employees (66,000) within the system. Read more
Executive Compensation at the American Heart Association (2021)
The American Heart Association (AHA) is one of the most popular and recognized non-profits in the United States with enormous public support that raises about $800 million annually and has more than $1.1 billion in net assets.
By most accounts, this organization is a magnet for public contributions and an expert at raising and saving money. But, are they accomplishing their mission, which is to build healthier lives, free of cardiovascular disease and stroke (especially with hundreds of recipes on their website calling for eggs, dairy products, beef, poultry, pork – including bacon, a Type 1 carcinogen according to the World Health Organization, oil, sugar and white flour)? With heart disease the number one cause of death in the United States for decades, one has to wonder if all the contributions to the AHA are really helping to prevent and reverse heart disease? Read more
Where Does $100 to the American Heart Association Go (2021)?
The American Heart Association (AHA) is one of the most popular and recognized non-profits in the United States with enormous public support (although the past few years (2018-2020) were not great years for the organization with total revenue down 12% in 2019 to $746 million (compared to $852 million in 2018) and down 6% to $700 million in 2019-2020). But, 2021 was a seemingly brighter year for the AHA with total revenue reported to be $804 million. That the AHA has more than $1.1 billion in their net fund balance is also noteworthy.
By most accounts, this organization is a magnet for public contributions and an expert at raising and saving money. But, are they accomplishing their mission, which is to build healthier lives, free of cardiovascular disease and stroke (especially with hundreds of recipes on their website calling for eggs, dairy products, beef, poultry, pork – including bacon, a Type 1 carcinogen according to the World Health Organization, oil, sugar and white flour)? With heart disease the number one cause of death in the United States for decades, one has to wonder if all the contributions to the AHA are really helping to prevent and reverse heart disease? Read more
Executive Compensation at Boys Town (2020)
Boys Town refers to a non-profit, tax-exempt organization focused on helping children and their families but the “organization” is actually many non-profit, tax-exempt organizations with one member: Father Flanagans Boys Home (FFBH) who controls and provides oversight to all the affiliates.
Based in Boys Town, Nebraska, FFBH has two research hospitals (west and east) and 10 non-hospital health care facilities. However, FFBH has affiliate organizations that also provide services in Nebraska, Iowa, Louisiana, Nevada, Washington, DC, Florida, Rhode Island, and Massachusetts, the Boys Town organizations reach across the US. Read more
Where Does $100 to Boys Town Go (2020)?
Boys Town generally refers to a tax-exempt, non-profit organization whose focus is on the care of children and families who need assistance. However, the organization actually consists of many tax-exempt, non-profit organizations in Nebraska, Iowa, Florida, Louisiana, Nevada, Washington, DC, Rhode Island, and Massachusetts, all of whom have one member: Father Flanagans Boys Home (FFBH) and are therefore controlled by FFBH.
Based in Boys Town, Nebraska, FFBH provides medical services at two hospitals and numerous types of outpatient clinics in the Omaha, Nebraska metropolitan area and oversight at the affiliated organizations throughout the country. FFBH is governed by 16 voting members, 15 of whom are independent. Information on the website indicates there are 18 trustees, 10 of whom (56%) are male while 8 (44%) are female. Read more
Executive Compensation at the American Federation of Teachers (2021)
The American Federation of Teachers (AFT) is the second largest teacher’s union (although membership is not limited to teachers) with 1.7 million members (after the National Education Association) in 3,000 local affiliates in the USA. A non-profit, tax-exempt 501 (c) (5), the AFT is based in Washington, DC and is an affiliate of the AFL-CIO.
For the year ending June 30, 2021, AFT reported total revenue of $207 million (mostly from membership dues) and expenses of $196 million (with the unspent funds added to the general fund). The largest expense for the organization was compensation for the 349 employees who received $63 million, which equates to an average compensation of $181,000. However, only 225 employees (65%) received more than $100,000 in compensation. The 8 most highly compensated employees were reported to be: Read more
Where Does $100 to the March of Dimes Go (2021)?
2021 was a better year than 2020 for the March of Dimes with the benchmark being the organization went into a positive net asset position (from a negative $20 million at the end of 2020). Just eight years ago, the March of Dimes had $75 million in net fund assets and was raising nearly $200 million annually but they were spending more than they raised. Since then, revenue has declined and the organization went into a negative net fund position because they were spending $8-$27 million more than they raised annually, had to fund a pension/post retirement fund for employees, and had losses on investments. Things were not looking good by 2016 so the organization brought in a new president in 2017 following the retirement of the longtime president. Read more
Executive Compensation at the March of Dimes (2021)
2021 was a better year than 2020 for the March of Dimes with the benchmark being the organization went into a positive net asset position (from a negative $20 million at the end of 2020). Just eight years ago, the March of Dimes had $75 million in net fund assets and was raising nearly $200 million annually but they were spending more than they raised. Since then, revenue has declined and the organization went into a negative net fund position because they were spending $8-$27 million more than they raised annually, had to fund a pension/post retirement fund for employees, and had losses on investments. Things were not looking good by 2016 so the organization brought in a new president in 2017 following the retirement of the longtime president. Read more
How Revenue is Spent at the Jackson Laboratory (2020)
The Jackson Laboratory (JAX) is an independent, non-profit 501 (c) (3) biomedical research institute with three main research centers (Bar Harbor, Maine; Sacramento, California, and Farmington, Connecticut) in the US and two overseas in Japan and China that have more than 60 laboratories performing research in six (6) areas: cancer, reproductive biology, immunology, metabolic, neurobiology, and neurobehavioral disorders. Read more
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