What is the definition of a ‘non profit’?
An incorporated organization which exists for educational or charitable reasons, and from which its shareholders or trustees do not benefit financially. Any money earned must be retained by the organization, and used for its own expenses, operations, and programs. Many non-profit organizations also seek tax exempt status, and may also be exempt from local taxes including sales taxes or property taxes. Well-known non-profit organizations include Habitat for Humanity, the Red Cross, and United Way. also called not-for-profit organization. source:http://www.investorwords.com/3331/non_profit_organization.html
So, if the CEO of the Susan G. Komen Foundation nets a salary of $684,000+ expenses, what is that considered? Reportedly, the charity is cancelling half of the 3/day race for the cure events next year due to the economy. Is it really due to the economy or is it due to the fact that those who participate in the Race for the Cure must raise $2,300.00 before they are allowed to race. It is quite obvious to me that the money raised is going more to pay outrageous executive salaries than is going into research to find a cure.
Each participant is required to raise at least $2,300 to participate. That might feel like a big obstacle, but we are here to help you every step of the way with tips and tools.
I remember back in the day, we would get a sign-up sheet and hand it around to our friends, co-workers and other people we knew and they would write in how much they would pay us per mile for walking for charity. After the event, we would get paid based on how many miles we walked. There was no pressure to reach a goal of say, $2,300.00. Whatever we turned in, we assumed it would help. After all, we were volunteering for charity. What passes for ‘charities’ these days are nothing more than corporations with a tax exempt status masquerading as charities, especially when CEOs and other executives are paid hundreds of thousands of dollars. With that much money being paid to executives, just how much is going to fund the purpose of the charity? No CEO of a charity should be receiving damn near a million dollars and the ‘corporation’ is still considered to be a ‘charity’. That doesn’t even make any sense because no charity should be considered ‘nonprofit’ when its executives are ‘earning’ salaries that are, to put it mildly, over-the-top.
Back in the mid ’90s when the Red Cross came to my ‘rescue’, the CEO’s salary was $200,000. Today, it is..well..see for yourself.
Mar 12, 2010 – Senators question $1 million pay for charity’s CEO – wtop.com … Red Cross only gives $.07 on every dollar to the people in need.
Jun 21, 2013 – As some workers were making as little as 22 cents per hour in 2011, Goodwill International CEO Jim Gibbons made $729,000 in salary.
Some disabled workers are paid .22 per hour and it is legal for this ‘charity’ to exploit the most vulnerable in our society while the CEO rakes in $729,000+ expenses(over three quarters of a million dollars). Where is the hue and cry of outrage over this? We are truly rotten to the core when we know that CEOs of charities are receiving outrageous salaries and we have no problem with this. We are sadly lacking in courage when we do not stand up for those disabled workers who are being exploited. We are ridiculously apathetic when we can know that only .07 out of every dollar is actually put towards helping those that the ‘charity’ was established to help and we just shrug. It is no surprise that these ‘charities’ are paying their executives these ludicrous salaries, etc., because they know that the general population is just too self-absorbed to care or to complain. Business as usual.
And to think that many of us have a problem dropping a dime into a cup held in the hand of a homeless person because we fear that he or she will only get drunk. Why is it that we do not hold executives of the so-called ‘charitable organizations’ to the same standards? You have no problem dropping $50.00 or more into the coffers of the Red Cross when according to reports only .07 out of each dollar will actually go to those in need. So, are you still wondering why there are so many in need? If you are, ask the CEO of a ‘charity’why!