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)

Research 75,407
Education 140,773
Screening 46,861
Treatment 20,138
Total Program Services 283,179


SUPPORTING SERVICES

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:

AMERICAN AIRLINES®
BANK OF AMERICA ®
BELK®
FORD DIVISION
GENERAL MILLS
KFC CORPORATION
NEW BALANCE ATHLETIC SHOE, INC®
RALLY FOR THE CURE ®
TPR HOLDINGS, LLC
YOPLAIT®

OUR MILLION DOLLAR COUNCIL PARTNERS:

ACH FOOD COMPANIES, INC.
ASK.COM®
BOWL FOR THE CURE ®
CARLISLE
DELL™
DELUXE®
ENERGIZER®
FRITO-LAY
FUZE®
HALLMARK®
HOLLAND AMERICAN LINE
HSN
KITCHEN AID®
LOWE’S®
MAJOR LEAGUE BASEBALL
MEREDITH CORPORATION
ON THE BORDER
ORACLE
ORECK
PANDORA
PAYLESS SHOESOURCE®
QUILTED NORTHERN
RE/MAX®
REPUBLIC OF TEA
SIMON PROPERTY
THE MOHAWK GROUP
TITLEIST
VAL SKINNER
WACOAL®
ZETA TAU ALPHA

Check it all out int he Komen's Annual Report.

3 comments:

Mel said...

Direct benefits to sponsors and donors? What does that mean? And how can I get in on that? Looks pretty lucrative!

drlobojo said...

We have given donations to Komen as recently as November. We just assumed is was run in a legitimate way. Now I think they have to show that they are.

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