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Posts tagged ‘Non-Profits’

16
Mar

How is $100 to the Carter Center Spent?

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 »

16
Feb

Where Does $100 to Challenge Aspen Go?

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 »

14
Feb

Where Does $100 to the American Friends of the Hebrew University Go?

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 »

12
Feb

Executive Compensation at the American Friends of the Hebrew University

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 »

7
Jan

Where Does $100 to the Catholic Medical Mission Board Go?

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 »

24
Aug

Executive Compensation at Food For The Poor

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 »

25
Apr

Where Does $100 to the Breast Cancer Research Foundation Go?

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 »

13
Apr

How is Revenue Spent at the ASPCA?

The ASPCA is one of the most widely recognized non-profits focused on animal welfare in the country.  Founded in 1866, the ASPCA has been around for more than 150 years.  As is the case with most non-profits, the issue isn’t whether the ASPCA does good things (they do) but  whether they could do more or better with the public support they receive.

The Form 990 (2016) submitted to the IRS reveals the following key information about the ASPCA including Revenue and Expenses, Assets and Liabilities, Independent Contractors, and Fundraising: Read more »

7
Apr

Where Does $100 to the Leukemia and Lymphoma Society Go?

The Leukemia and Lymphoma Society (LLS) is a non-profit 501 (c) (3) whose mission is to “cure leukemia, lymphoma, Hodgkin’s Disease, and Myeloma, and improve the quality of life for patients and their families. To do this, LLS primarily focuses on three major programs:

  • Patient and Community Services
  • Research Programs
  • Public Health Education

According to the IRS Form 990 (2016) for the year beginning July 1, 2016 and ending June 30, 2107, the following key information was reported: Read more »

21
Mar

Executive Compensation at Hippocrates Health Institute

The Hippocrates Health Institute (HHI) – a non-profit 501 (c) (3) that operates out of a 50-acre tropical setting in West Palm Beach, Florida – provides educational and instructional services to teach individuals how to live and eat healthier for a fee (referred to as “program service revenue”). HHI is not a charitable organization that relies on donations; instead HHI relies on  program service revenue paid by those who choose to enroll and/or attend the Institute. Read more »