Executive Compensation at ERCOT
Most people outside of Texas had not heard of ERCOT (Electrical Reliability Council of Texas) until this past week when the company was slammed for the massive loss of power across the state.
Although ERCOT is considered an independent system operator, the organization is a membership-based tax-exempt, non-profit 501 (c) (4) governed by a board of directors and subject to oversight by the Public Utility Commission of Texas and the Texas Legislature (who decided decades ago not to allow power to come from outside the state to avoid having to comply with federal regulations that kick in with interstate transactions). In other words, the responsibility to provide power falls upon the management of ERCOT and Texas state officials – not the federal government.
ERCOT’s members (303 as of 12/31/2018) include consumers, cooperatives, generators, power marketers, retail electric providers, investor-owned public utilities, transmission and distribution providers, and municipally-owned electric utilities. Read more 
Executive Compensation at the NRA (2019)
The National Rifle Association of America (NRA) is a non-profit 501 (c) (4) organization or what many people refer to as an membership advocacy organization that fights tirelessly for our second amendment rights and pays their executives very well while also paying for first class or charter travel, travel for companions, health or social club dues or initiation fees, gross up payments and tax indemnification, and provides housing allowances or housing for personal use.
The most recent IRS Form 990 (2019) reports the organization employed 770 individuals who were compensated $57 million, which equates to an average compensation of $74,000. 149 employees received more than $100,000 in compensation while the 15 most highly compensated key executives received more than $12 million dollars in 2019: Read more
Where Does $100 to the NRA Go (2019)?
When most people think of the NRA they think of the National Rifle Association of America and the second amendment (“A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed”) but there are six separate non-profits that comprise the NRA:
- NRA (National Rifle Association of America): 501 (c)(4)
- NRA Foundation, Inc.: 501 (c)(3)
- NRA Freedom Action Foundation: 501 (c)(3)
- NRA Civil Rights Defense Fund: 501 (c)(3)
- NRA Special Contribution Fund: 501 (c) (3)
- NRA Political Victory Fund: PAC Section 527
Executive Compensation at the YMCA (2019)
The YMCA (Young Men’s Christian Association) is a worldwide (119 countries) organization based in Geneva, Switzerland (World Alliance of the YMCA). Within the United States, there are approximately 2,700 YMCA’s serving 10,000 communities that rely on the YMCA of the USA (that is also known as the National Council of YMCA’s of the USA) that in turn relies on The World Alliance of the YMCA). In the most simplistic terms, the YMCA is organized as follows:
World Alliance of the YMCA
125 National Associations (including The YMCA of the USA/National Council of YMCA’s of the USA)
Alliances (typically geographic) and Local Chapters (including 2,700 YMCA’s in the USA) Read more
Executive Compensation at the International Fellowship of Christians and Jews
The International Fellowship of Christians and Jews (IFCJ) is a tax-exempt, non-profit 501 (c) 3 founded by a rabbi in 1983 as a way to “bless Israel and the Jewish people around the world with humanitarian care and life-saving aid” while “building bridges between Christians and Jews.”
Based in Chicago, Illinois, IFCJ raises about $120 million annually (primarily through contributions, gifts, and grants) and spends a few million less, allowing the organization to accumulate $32 million in net assets. Expenses are about $115 million, half of which are spent on grants to Jewish organizations in the US and Israel. There does not appear to be any grants made to Christian organizations. The other expenses are organization expenses – fundraising, compensating employees, paying fees for services, etc).
121 employees received $13 million in compensation which equates to an average compensation of $107,400. 27 employees received more than $100,000 in compensation with the 10 most highly compensated reported to be: Read more
Where Does $100 to the International Fellowship of Christians and Jews Go?
The International Fellowship of Christians and Jews (IFCJ) is a tax-exempt, non-profit 501 (c) 3 founded by a rabbi in 1983 as a way to “bless Israel and the Jewish people around the world with humanitarian care and life-saving aid” while “building bridges between Christians and Jews.”
How is revenue spent at IFCJ? The short answer is that about half of revenue was spent on grants to Jewish organizations – in the US and in Israel – while the other half was spent on fundraising, staff compensation, fees for services, office-related expenses, and travel. For more detail, read on. Read more
Space X, Elon Musk, Jared Isaacman and St Jude: The Questions No One is Asking
Jared Isaacman, a 37-year old billionaire who made his fortune as a co-founder of a payment processing company called Shift4 Payments, announced he is spearheading a $200 million dollar fundraising campaign for St. Jude by leading a crew of 4 private citizens in a SpaceX rocket (of Elon Musk fame) that will fly into orbit around the earth. Mr. Isaacman is personally donating $100 million to St Jude with the conviction we should conquer childhood cancer.
I don’t know anyone who doesn’t want to conquer childhood cancer. There is little else that will push adults into action than seeing a child suffer from a serious illness. But, Mr. Isaacman and everyone else may want to ask some serious questions about St. Jude, research, and how revenue is spent before embarking on fundraising for an organization that has increased its net assets from $2.5 billion in 2012 to $5.4 billion in 2019; primarily by saving a large portion of revenue annually (as opposed to spending more on research and helping sick kids and their families). Read more
Executive Compensation at UPMC (Pittsburgh, PA)
UPMC Group represents the operations of 52 tax-exempt entities including 15 hospitals, 12 physician groups, 3 skilled nursing facilities, and 22 other ancillary and support entities within the UPMC (University of Pittsburgh Medical Center) integrated healthcare delivery system.
Key financial details about UPMC Group for the year ending June 30, 2018 are summarized as follows:
- Total revenue was $13.5 billion, of which $7.6 billion was net patient revenue and $5.3 billion was “other program service revenue.”
- Expenses totaled $12.9 billon (not including $400 million in depreciation), with the 4 largest expenses being compensation ($5.6 billion), medical expenses ($3.7 billion), other expenses ($1.3 billion), and drugs and supplies ($1.2 billion).
- UPMC Group had $5.7 billion in net assets at year-end.
62,093 employees received total compensation of $5.6 billion, which equates to an average compensation of $90,000. 7,958 employees received more than $100,000 in compensation with the 176 most highly compensated employees reported to be: Read more
How Membership Dues Are Spent at the California Nurses Association
With the pandemic out of control in this country and the demand for healthcare workers and particularly nurses soaring, the National Nurses United (NNU) has been all over the news explaining, defending, cajoling, opining, and talking about nursing in general.
Often referred to as the largest nursing union in the country, the NNU was formed in 2009 when the California Nurses Association (CNA)/National Nurses Organizing Committee/AFL-CIO (NNOC), the United American Nurses, and the Massachusetts Nurses Association came together as 4 founding organizations to create NNU, the largest union and professional association of nurses in the US. Read more
Executive Compensation at the California Nurses Association
The California Nurses Association is a non-profit, tax-exempt 501 (c) 5 – a professional trade union – representing more than 100,000 nurses in hospitals, clinics, and other healthcare locations throughout the country. It is important to note the CNA is a founding member of the National Nurses Union (NNU) which was formed when the California Nurses Association (CNA)/National Nurses Organizing Committee/AFL-CIO (NNOC), the United American Nurses (UAN), and the Massachusetts Nurses Association (MNA) came together as 4 founding organizations to create NNU, the largest union and professional association of nurses in the US. Read more
