Where Does The Money Go When You Donated To American Heart Association

Heart disease is the number one cause of decease in the Usa with more 600,000 people succumbing annually to this preventable and treatable illness in the U.s.a.. Although advances in medicine have contributed to both an overall subtract in the annual number of deaths (860,000 in 1950) and the number of deaths per 100,000 population (589 60-five years ago compared to 170 in 2013) since 1950, the country'due south biggest killer is hard to tame. Medical and pharmaceutical enquiry along with data garnered from studies on diet and exercise have greatly contributed to this improvement simply we nonetheless take a long way to go.

The American Center Clan (AHA) is a not-profit 501 (c) (three) that seeks to educate the public about heart disease and stroke (related to heart disease), CPR, basic life support, advanced cardiac life support, and prevention. Causes, effects, care, research, and prevention are integral aspects of the AHA. Celebrating its 100th year in 2015, the AHA is i of the most recognized and popular charities in the US.

A look at the AHA based on the 2014 (for the year catastrophe June 30, 2015) IRS From 990 reveals the following financial information about the organisation:

$780 one thousand thousand in revenue was reported, most of which ($646 million or 83%) came from fundraising, campaigns, contributions. The remaining revenue came from:

• $52 million (7%) from the auction of inventory and other revenue (the figure was actually $71 million but was showtime past losses on fundraisers and a $2 million loss on uncollectibles).
• $48 one thousand thousand (six%) from investment income, royalties, gains on the auction of assets, and rental income
• $29 meg (3%) from conferences, seminars, and membership dues
• $v one thousand thousand (i%) from government grants

Expenses totaled $734 million (exclusive of depreciation, a non-greenbacks expense) or 94% of revenue, categorized as follows:

• $307 million (39% of acquirement) in compensation, pensions, benefits, and payroll taxes. 405 people were given compensation packages in excess of $100,000. $10.5 million was bounty and benefit packages for 19 executives:

1. Nancy Chocolate-brown, CEO:                                                            $1,443,427
2. Rose Marie Robertson, Principal Science Officer:                    $  667,877
3. Michael Weamer, EVP                                                         $  657,964
4. Kathleen Rogers, EVP:                                                        $  653,319
5. Sunder Joshi, CFO/CAO :                                                    $  599,831
6. Meigan Girgus, Chief Mission Officer:                                  $  588,855
7. Midge Epstein, EVP:                                                             $  586,359
8. Leslie Upton, Chief Development Officeholder:                             $  557,745
9. Kevin Harker, EVP:                                                               $  551,970
10. John J. Meiners, EVP – ECC Programs:                              $  492,141
11. Nicole Sapio, EVP:                                                                $  470,544
12. David Markiewicz, EVP:                                                        $  470,196
13. Gerald Johnson, Chief Diverseness Officer:                               $  452,440
14. Jeremy Beauchamp, EVP:                                                    $  425,251
15. Mark Schoeberl, EVP – Advancement and Health Quality:        $  407,092
16. Tanya Edwards, SVP – Field Campaigns:                            $  403,203
17. Eduardo Sanchez, Primary Medical Officer-Prevention:          $  387,624
18. Roger Santone, EVP – Technology:                                     $  374,956
19. Lynne Darrouzet, EVP – Corp Sec/Gen Counsel:                $  331,515

• $153 million (19% of revenue) was spent on office, information technology, and occupancy.
• $63 million (8% of acquirement) was spent on other expenses (no further item was provided).
• $46 million (6% of revenue) was spent on travel,conferences, conventions, and meetings.
• $xi million (2% of revenue) was spent on legal, accounting, lobbying, investment fees, and insurance.
• $five 1000000 (1% of revenue) was spent on professional fundraising and advertizing.
• $149 million (xix%) was spent on grants to organizations and individuals (425  501 (c) (three)'s and 61 other organizations are listed every bit receiving more than $v,000), most of which were grants to domestic and government organizations. The largest recipients were for research:

1. University of Alabama at Birmingham:  $6,513,946
2. University of Iowa at Iowa City:  $5,377,167
3. Mass General Infirmary:  $4,371,646
4. University of Colorado:  $4,073,776
5. Medical College of Wisconsin:  $4,035,984
6. Emory University:  $4,015,860
7. Northwestern University:  $3,435,918
8. Medical University of South Carolina:  $three,339,735
9. Children's Hospital – Cincinnati:  $2,769,512
10. University of Pennsylvania:  $2,727,576
11. John Hopkins University School of Medicine:  $2,602,170
12. Brigham & Women's Hospital:  $2,595,532

Although enquiry grants comprised the largest donations, AHA made hundreds of smaller grants for defibrillators, monitors, and emergency equipment upgrades to medical centers, burn down districts, and health centers.

In summary, of the $780 meg in acquirement, $734 million was spent, leaving $46 meg (six%) which is one of the reasons, the AHA's total assets increased from $1.248 billion to $1.291 billion dollars (most of which are in public traded securities) at year-terminate. Liabilities – primarily grants payable – increased from $385 million to $403 one thousand thousand which resulted in the net assets/fund balance increasing from $864 one thousand thousand to $888 million. The bottom line:  AHA has close to a billion dollars in cyberspace assets, most of which are in publicly traded securities.

To put the above in perspective, $1 in revenue was used every bit follows:

$1.00:  Revenue

-$0.39: Employee Compensation, Benefits, Pensions, and Payroll Taxes

-$0.19: Office, Information Technology, and Occupancy

-$0.08: Other Expenses (no detail provided)

-$0.06:  Travel, Conferences, Conventions, Meetings

-$0.02:  Legal, Accounting, Lobbying, Investment Fees, and Insurance

-$0.01:  Professional Fundraising, Advertising

-$0.75: Subtotal Functional Expenses

 $0.25: Amount Remaining

-$0.19:  Grants to Organizations and Individuals

$0.06:  Corporeality Unspent

Other interesting points include:

The AHA has 3,966 employees. With $307 million spent on compensation, benefits, pensions, and payroll taxes, the average per employee is $77,407 annually.

136 independent contractors received more than $100,000 in bounty. The v most highly compensated organizations were:

• Infocision Management Corp (telephone marketing): This company collected $v.nine meg dollars but was paid about $iii million dollars by AHA, assuasive AHA to net virtually $3 million dollars. Basically, whatsoever phone contribution resulted in a 50 percent donation to AHA, with the remaining funds paid to the telemarketing company. Want your dollars to go further? Don't brand a donation to the AHA via a telemarketing call (or directly mail). Direct post donor marketing efforts were less successful with Strategic Fundraising Inc., who was paid $235,151 for collecting $255,958, netting $xx,807 for AHA (in other words: viii cents of every dollar collected through this organization went to AHA).
• Daniel Edelman, Inc. (public relations): AHA paid $2.4 million to this firm.
• Brigham & Womens Physicians Organization (editorial services): AHA paid $2.one meg to this organisation.
• Oracle America, Inc (database and IT services): AHA paid $1.7 million to this corporation.
• Advertising Council: AHA paid $ane.7 1000000 to this council. The council contributed $70 1000000 in ad materials (no further detail provided) to AHA.

Fundraising events (seven,145 events including the Dallas HeartBall and the Dallas HeartWalk produced gross income of $22.5 million. Subsequently deducting $33.9 meg spent on non-cash prizes, rent/facility costs, food and beverages, entertainment, and other directly expenses, the fundraising events ended up costing AHA $11.5 meg – even so, this is internet of contributions gained from the events, which totaled $302 one thousand thousand (note: the IRS makes organizations friction match the income and expenses of the events simply without including the contributions).

In summary, the AHA is a very well endowed non-profit organization with most a billion dollars in net assets (generally publicly traded stocks). The organization raised $780  million dollars final yr and spent $734 one thousand thousand, of which $149 1000000 (19% of acquirement) was given in grants to organizations and individuals – primarily for research. $585  million was spent on programming, management, and fundraising with the largest portion ($307 one thousand thousand) on staff compensation (with $10.5 million for xix fundamental executives) for the three,966 employees. The remaining $279 million was spent on office, IT, occupancy, other expenses, travel, conferences, fundraising, etc.

It is of import to point out that a large portion of staff are allocated to programming costs which involves public and professional education, although further particular is not provided on the Form 990. And, yet at that place are still millions and millions of dollars spent on office-related and other expenses (also not detailed on the 990). Telemarketing and straight mail are not high revenue sources for the AHA. In fact, telemarketing efforts consequence in 50 cents on the dollar to AHA and directly marketing 8 cents on the dollar.

If you want your donation dollars to get as far every bit possible, consider donating direct to ane of the 425  501 (c) (three)'s listed on the 990 that received grants from the AHA or look to your local customs for organizations and centers that need emergency cardiac intendance equipment.

Click here to review the IRS From 990 (2014).

To read an update:  Where Does $100 to the American Middle Clan Go?, click here.

To read an update:  Executive Compensation at the American Heart Association (2018), click here.

To read an update:  Where Does $100 to the American Heart Association Go (2018), click here.

Source: https://paddockpost.com/2016/02/09/where-does-1-to-the-american-heart-association-go/

Posted by: mayberrypletent.blogspot.com

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