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23
Apr

Executive Compensation at the National Hot Rod Association

The National Hot Rod Association (yes, there really is such a thing) is a tax-exempt non-profit 501 (c) 6 (a trade association) that raises about $100 million annually, pays its top executive over $1 million annually, and pays for all VP’s and above to purchase upgrades to fly first class.

In 2018, the National Hot Rod Association reported total revenue of $97 million (compared to $95 million in 2017) which primarily came from admissions and sponsorships ($74 million), licenses and fees ($13 million), royalties and concessions ($5 million), and membership dues ($3 million). Read more »

21
Apr

Executive Compensation at the National Fire Protection Association

The National Fire Protection Association (NFPA) is a tax-exempt, non-profit 501 (c) (3) based in Quincy, MA that is known as the “codes and standards” organization to minimize risk and the effects of fire.

The NFPA generates about $80-$90 million annually and does not generally spend as much as they bring in which is how the organization has come to accumulate nearly $300 million in net assets.

In 2018, the NFPA reported total revenue of $82 million which primarily came from 4 sources:  sale of inventory ($41 million), training, meetings, and conferences ($16 million), royalties, gains, and investment income ($14 million), and membership dues ($11 million including $2 million from the government from three classes of members:  director, voting, and non-voting). Read more »

19
Apr

Executive Compensation at the Alzheimer’s Association (2019)

The Alzheimer’s Disease and Related Disorders is commonly referred to as the Alzheimer’s Association. A tax-exempt, non-profit 501 (c) 3 whose goal is to eliminate Alzheimers Disease through research but also offer support, information/public awareness, and education on the disease, raised $390 million in 2019, primarily from contributions, gifts, and grants ($366 million including $24 million from the government).

Expenses totaled $387 million (99% of revenue) with the largest expense being compensation ($182 million or 47% of revenue) for the 2,620 employees, who received an average compensation of $70,000.  249 employees received more than $100,000 in compensation with the 8 most highly compensated employees reported to be: Read more »

17
Apr

Where Does $100 to the Alzheimer’s Association Go (2019)

The Alzheimer’s Disease and Related Disorders Association is commonly referred to as the Alzheimer’s Association. A tax-exempt, non-profit 501 (c) 3 whose goal is to eliminate Alzheimers Disease through research but also offer support, information/public awareness, and education on the disease, the Alzheimer’s Association raised $390 million in 2019, primarily from contributions, gifts, and grants ($366 million including $24 million from the government). Read more »

15
Apr

Executive Compensation at the National Association of Realtors (2018)

The National Association of Realtors (NAR) is the largest professional trade association in the US. A non-profit tax-exempt 501 (c) (6) based in Chicago, Illinois, NAR represents 1.4 million members who belong to one or more of the 1,200 associations/boards and 54 state or territory associations.  Members can be residential or commercial brokers, sales people, property managers, real estate appraisers, counselors and others who work in the real estate industry.

NAR functions as a self regulatory agency, a lobbying organization, and as a provider of accreditation and certification of designations. Read more »

13
Apr

Executive Compensation at the National Retail Federation (2019)

 

The National Retail Federation (NRF) is a non-profit, tax-exempt 501 (c) (6) – a membership based trade association  – whose mission is to “advance and protect the interests of the retail industry and to help retailers achieve excellence in all areas of their business.” That’s quite a mission, given the retail environment in this country.  Retailers – both national chains and local – are closing daily.

Governed by 30 board members, 29 of whom are independent (38 are reported on the Form 990 due to timing differences; 30 are male while 8 are female), NRF is based in Washington, DC. Read more »

11
Apr

Executive Compensation at the National Pharmaceutical Council

Pharmaceutical companies have gotten a lot of bad press lately, and for good reason. When epipens cost $650-$700 in the US for a pack with two auto injectors (compared to $150 in Canada or $38 in Australia), people get upset. Or, when pharmaceutical companies (i.e Perdue) have acted irresponsibility by promoting and marketing opioids, people question the motives of companies they are supposed to trust and the value of medicines as an integral part of healthcare. One of the ways the pharmaceutical industry operates is to fund a trade association called the National Pharmaceutical Council (NPC).

NPC is a Washington, DC-based trade association whose mission is to put forth science and good information to foster an environment that supports what they call “medical innovation” or what others would call “drug innovation” (where were they during the decades long opioid crisis?). In short, they gather research to support the use of pharmaceuticals and disseminate that information. Read more »

9
Apr

Executive Compensation at the National Multifamily Housing Council

The National Multifamily Housing Council (NMHC) is a tax-exempt, non-profit 501 (c) 6 – a trade association – that advocates for multifamily rental organizations – that pays its President, Doug Bibby very well ($1.3 million in 2018 and $150,000 into a retirement account) along with its other top executives (7 other executives received $300,00 – $450,000 in 2018).

By most standards, NMHC is a small non-profit:  they raise about $18 million annually, most of which comes from two sources:  membership dues ($10 million) and meeting revenue ($7 million). Expenses total about $18 million with the largest being compensation ($10 million) and conferences/conventions/meetings ($3 million). At year-end 2018, NMHC had $13 million in assets. Read more »

7
Apr

Executive Compensation at the NCAA (2018)

The National Collegiate Athletic Association (NCAA) is a non-profit, tax-exempt 501 (c) (3) organization focused on college sports in the US. With 1,100 member colleges and universities in 102 athletic conferences across the country that participate in 90 championships in 24 sports in 3 divisions, the NCAA is a powerful and well financed organization.

There are 16 independent members of the governing party although 18 board members are listed on the Form 990 (probably due to timing differences). 14 of the 18 (78%) board members are male while 4 of the 14 (22%) are female.

The NCAA raised about $1.1 billion in 2018 – most of which came from from television rights (83%) and championships/National Invitation Tournament (13% of revenue).  Expenses were $1 billion with the 3 largest expense scholarships and grants ($635 million), championship expenses ($145 million), and compensation ($78 million). Read more »

5
Apr

Executive Compensation at the American Red Cross (2019)

The American Red Cross (ARC) is one of the most recognized charities in the world. Based in Washington, DC, ARC works to “prevent and alleviate human suffering” by mobilizing employees and volunteers in emergencies and through the collection and sale of blood (ARC collects, tests, and distributes 40% of the nation’s blood). To do this, ARC relies on it’s 19,363 employees who were compensated $1.4 billion (an average of $72,000 each) in 2019. 1,464 employees received more than $100,000 in compensation with the 18 most highly compensated employees listed below: Read more »