Friday, February 3, 2012
Susan G. Komen for the Cure: Not For Profit
In 2010 according to the Komen Foundation's annual report they spent $76,770,000 on supporting services. $40,624, 000 for Administration and $36,146,000 on fund raising. F
or 2010 that's 20% of income.
Their total net "donations" for that year were $458,030,000.
The profit of an non-profit organization is in the salaries and perks.
Komen's Bottom Line 2010
PROGRAM SERVICES (all figures are in thousands of dollars)
Total Program Services 283,179
General administration 40,624
Fundraising costs 36,146
Total Supporting Services 76,770
Total Expenses 359,949
Change in Net Assets 40,946
Net Assets at the Beginning of the Year 122,28
NET ASSETS AT THE END OF THE YEAR $ 163,231
Ernst & Young, LLP performed the 2005-2010 consolidated audits for Komen. To review our audited financial statements and IRS Forms 990, please visit komen.
Less direct benefits to donors and sponsors (19,882). What does this line mean? $20,000,000 in direct benefits?
And who are these big Donors?
OUR MILLION DOLLAR COUNCIL ELITE PARTNERS:
BANK OF AMERICA ®
NEW BALANCE ATHLETIC SHOE, INC®
RALLY FOR THE CURE ®
TPR HOLDINGS, LLC
OUR MILLION DOLLAR COUNCIL PARTNERS:
ACH FOOD COMPANIES, INC.
BOWL FOR THE CURE ®
HOLLAND AMERICAN LINE
MAJOR LEAGUE BASEBALL
ON THE BORDER
REPUBLIC OF TEA
THE MOHAWK GROUP
ZETA TAU ALPHA
Check it all out int he Komen's Annual Report.