The American Heart Association (AHA) is one of the most popular and recognized non-profits in the United States with enormous public support as evidenced by the $852 million raised last year. That the AHA also has nearly a billion dollars in their net fund balance (which is often referred to as the endowment) is also noteworthy.
By most accounts, this organization is a magnet for public contributions and an expert at raising and saving money. But, are they accomplishing their mission, which is to build healthier lives, free of cardiovascular disease and stroke (especially with hundreds of recipes on their website calling for eggs, dairy products, beef, poultry, pork – including bacon, a Type 1 carcinogen according to the World Health Organization, oil, sugar and white flour)? With heart disease the number one cause of death in the United States for decades, one has to wonder if all the contributions to the AHA are really helping to prevent and reverse heart disease? Read more
Compassion International, Inc. (CI) is a Colorado Springs, Colorado based 501 (c) (3) engaged in Christian ministry to “release children from their economic, social, physical, and spiritual poverty.” Key information (based on the information submitted on the 2018 Form 990 to the IRS) include the following:
CI raised $953 million, nearly all of which came from contributions.
Expenses totaled $933 million (including $12 million in depreciation), leaving $20 million unspent and allocated to the general fund which had $269 million (net fund balance or what some people refer to as the endowment) at year-end. Read more
United Way of Lee County, Inc. is the United Way agency for Lee, Hendry, Glades, and Okeechobee counties in Florida. Recently recognized by Charity Navigator as a 4-star charity with a perfect overall score of 100, United Way of Lee County, Inc. (UWLC) awarded $75 out of every $100 in revenue ($8.5 million out of $11.4 million) to local human service organizations. Read more
The Carter Center, Inc. (Carter Center) was established in 1981 as a 501 (c) (3) to “advance human rights and alleviate unnecessary human suffering.” Based in Atlanta, Georgia, the Carter Center is a very well endowed organization ($768 million as of August 31, 2017) that raises about $120 million annually. Rather than primarily operating as a grantor, the Carter Center works towards achieving their goals with their own staff and in conjunction with other partnerships. Read more
Challenge Aspen is a 501 (c)(3) based in Snowmass, Colorado. Established in 1995 by Houston Cowan (who retired May 31, 2017) and Amanda Boxtel, Challenge Aspen is a non-profit focused on people with cognitive and physical disabilities to have access to a wide variety of recreational and cultural activities through their “strong working relationship with Aspen Skiing Company, that includes access to the area’s four ski mountains, a dedicated staff, and a committed volunteer force.”
According to the IRS Form 990’s over the past three years (ending May 31st of 2017, 2016, and 2015), Challenge Aspen has been reporting total revenue of about $3.5 million annually with about $1.5 million coming from non-cash donations described as lift tickets and ski lessons. On the expense side, Challenge Aspen has been expensing the exact same amount as the non-cash donation for ski company instructors. What this appears to mean is that the organization donating the lift ticket and ski lessons (appears to be Aspen Ski Company) gets a charitable donation for making the donation to Challenge Aspen and then Challenge Aspen turns around and spends the exact same amount on Aspen Ski Company instructors. Read more
The American Friends of the Hebrew University (AFHU) is a 501 (c)(3) based in New York City whose purpose is to raise funds to support the Hebrew University of Jerusalem – Israel’s second oldest university established 101 years ago (1918).
The university has about 23,500 students at 6 campuses.
Over the past three years, AFHU reported the following information on the IRS Form 990’s: Read more
The American Friends of the Hebrew University (AFHU) is a New-York based 501 (c)(3) that raises funds to support the Hebrew University of Jerusalem. The IRS Form 990 (2016 for the year ending September 30, 2017) reports the following key information about the staff of the organization:
AFHU employed 83 individuals who were compensated $9 million which equates to an average compensation of about $109,000. However, only 16 individuals received more than $100,000 in compensation with the 8 most highly compensated individuals listed below: Read more
The Catholic Medical Mission Board (CMMB) is a New York-based 501 (c) (3) engaged in distributing drugs and medical supplies primarily in Central America and the Caribbean. In May, 2018, the State of California (actually the Attorney General on behalf of the State of California) filed a Cease and Desist Order against CMMB because of the way the non-profit is recording the value of pharmaceuticals. Read more
At first glance, Food For The Poor looks like a billion dollar non-profit and in a sense, it is but a closer look at this Florida-based non-profit shows that they actually raised about $148 million in 2017 including $11.3 million in government grants. $800 million in non-cash contributions – primarily pharmaceuticals, clothing, and household goods) make up the rest of the reported revenue.
The problem with including non-cash contributions as a part of revenue is that the value of these contributions may not be the market value, which some critics (including the Attorney General for the State of California who recently issued a cease and desist order to the popular charity) claim. Seems there is a disagreement over the value of the non-cash contributions and, specifically the value of pharmaceuticals. Read more
The Breast Cancer Research Foundation (BCRF) was founded in 1993 as an independent, not-for-profit 501 (c) (3) dedicated to preventing and curing breast cancer by supporting scientific research. Consequently, the organization engages in primarily two functions: raising funds and awarding grants. Based in New York, BCRF has about 51 employees dedicated to these functions and managing the organization. So, the key question becomes: just how much of the revenue raised was awarded in grants? About 80%, according to the most recent financial information.
The Form 990 (2016 representing the year beginning July 1, 2016 and ending June 30, 2017) for BCRF reports the following key information with regards to revenue and expenses, grants, assets and liabilities, and fundraising. Read more