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Posts tagged ‘Edge Direct’

24
Dec

Executive Compensation at March of Dimes (2020)

2020 was another tough year for the March of Dimes and yet, they continue to march on (no pun intended).  Just seven 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 (which is still an $80 million liability in 2020), 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 »

27
Jan

Executive Compensation at Paralyzed Veterans of America

The Paralyzed Veterans of America (PVA) is a non-profit, tax-exempt 501 (c) 3 based in Washington, DC (although the organization has 70 offices and 33 chapters throughout the country).

Established in 1947, PVA has a core mission of vets serving vets, funding spinal cord research, and advocating for disability rights, according to their website. So, the question most donors want to know is:  how much of my donation goes to the organization’s core mission?  The answer:  less than half because the organization spent more than $45 million (out of the $92 million in revenue) on a mail program to raise funds.

Key financial information reported by PVA to the IRS on the Form 990 (for the year ending June 30, 2019) include the following: Read more »

7
Jan

Where Does $100 to Shriners Hospitals Go (2019)?

Shriners Hospitals for Children is a network of 22 hospitals that provide specialized pediatric care (orthopaedic, burn, spinal cord, and palate) for children under the age of 18. According to the Shriners website, 20 out of the 22 hospitals are located in the United States and file IRS Form 990’s under two corporations:

  • The Shriners Hospitals for Children (for 18 of the hospitals in the US) – a Colorado corporation based in Tampa, Florida; and
  • The Shriners Hospitals for Children (for 2 of the hospitals in Massachusetts) – a Massachusetts corporation based in Tampa, Florida.

Read more »