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Posts tagged ‘Charles Best’

23
Apr

Executive Compensation at Donors Choose

Donors Choose is a New York City-based 501 (c) (3) non-profit that connects the public to projects that need funding in public schools.

Founded in 2000 by a history teacher, Charles Best, Donors Choose asks public school staff to post projects that need funding so that the public can choose what they want to help pay for by making a donation. In 2016, the organization raised $121 million, spent $101 million with the remainder added to the net fund assets which had nearly $61 million at year-end.

Donors Choose reported having 199 employees in 2016 but about 40% of these employees were part-time or seasonal workers. At year-end (June 30, 2017) there were 118 full-time employees, 22 of whom received more than $100,000 in compensation with the most highly compensated individuals listed below: Read more »

21
Apr

Where Does $100 to Donors Choose Go?

Donors Choose is a New York City-based 501 (c) (3) non-profit that connects the public to projects that need funding in public schools.

Founded in 2000 by a history teacher, Charles Best, Donors Choose asks public school staff to post projects that need funding so that the public can choose what they want to help pay for via their donations (along with a suggested 18-20% donation to the organization (that covers program, management, and fundraising costs although the organization states the reason is to help Donors Choose reach more classrooms) and a $30 fulfillment labor and materials cost and a “third-party processing fee” that goes to Donors Choose to help cover program costs. The process sounds very simple but the From 990 submitted by Donors Choose to the IRS shows the collection and disbursement of revenue is a bit more complicated. Read more »