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Posts tagged ‘Nicholas DiFranza’

18
Jul

Executive Compensation at the March of Dimes (2017)

2017 was a year of changes for the March of Dimes beginning on the first day of the year when Stacey D Stewart became the non-profit’s new President and CEO (after Jennifer Howse retired after 26 years with the organization). For the first time in several years, the March of Dimes did not spend more ($152 million) than they raised ($164 million) but the organization still remained in a negative net asset or negative fund balance position. Although the $12 million of unspent revenue would supposedly help reduce the negative $13 million net fund balance, there were $7 million in net unrealized losses on investments and $3 million in changes to assets as a result of higher pension costs. All of which means, the March of Dimes is still in a negative net asset or negative net fund balance of $11 million. ¬†Better than last year ($13 million) but still not in a positive position. Read more »