The Hidden World of Nonprofits by Ron Campbell
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Ron Campbell presents "The Hidden World of Nonprofits" during hte fou
Transcript of The Hidden World of Nonprofits by Ron Campbell
What nonprofits do. The 990 – a line-by-line guide. Other ways to probe finances. Case studies. Questions welcome at any time!
AGENDA
Nonprofits are everywhere – in health care, education, culture,
the economy – everywhere except the news.
HIDDEN IN PLAIN SIGHT
www.guidestar.org• Free access 3 years of 990s• Premium ($300 for IRE members) unlimited access
FOLLOW THE MONEY
Your new best friend
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• Tiny charities ($25k/$50k) file 990-N “e-postcards”• … or nothing at all (churches)
THE MONEY TRAIL
HOW SMALL NONPROFITS DIE
HOW SMALL NONPROFITS DIE
Filing thresholds for 990 vs. 990-EZ
2008 2009 2010Receipts $1 mill. $500k $200kAssets $2.5 mill. $1.25 mill. $500k
THE MONEY TRAIL, CONT.
•Pages 1-2: ABC’s, purpose •Pages 3-4: Preview of coming attractions• Pages 5-6: Catchall• Pages 7-8: Pay!!!
INSIDE THE 990
• Page 9: Revenue• Page 10: Expenses• Pages 11-12: Balance sheet, and reconciliation
INSIDE THE 990, CONT.
Great information, starting at the top
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A hint of what’s to come
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Life, the universe and everything
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Anatomy lesson: the checklists
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More questions, more answers
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Who’s in charge here?
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Money, money, money!
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But wait -- there’s more!
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How the money rolls in
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Where all the money goes
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Balance sheet: the assets
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Balance sheet: liabilities and endowment
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It started with a lima bean field, became “an international shopping destination,” and then …
CASE STUDY: ORANGE COUNTY PERFORMING ARTS CENTER
Performing Arts Center, opened August 1986
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• Founded 1979.• Opened 3,000-seat hall 1986.• Opened 2,000-seat concert hall and theater 2006.• Privately funded for 20 years.
CASE STUDY: OCPAC
Concert hall, opened September 2006
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Before the fall …
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2005 2006 2007 2008 2009 2010 $-
$15,000,000
$30,000,000
$45,000,000
$60,000,000
$75,000,000
$90,000,000
O.C. Performing Arts Center finances, 2005-2010
Donations
Other
Programs
Expenses
OCPAC’s board members and donors represent the power structure of the nation’s sixth-largest county. They include the billionaire co-founder of Broadcom and owner of the Anaheim Ducks hockey team (right), a former ambassador to Spain, many millionaires and corporate executives, even a onetime aide to former President Nixon.
CentralHeavy hitters
mug
Ugly bottom line
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Big assets gone bad
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2008 2009 2010$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
OCPAC financial assets, 2008-2010
Stocks, bondsPledgesCash, savings
Investments in 2009 (top) and 2010 (bottom)
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Culture with a $240 million price tag
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http://emma.msrb.org• Created by Municipal Securities
Rulemaking Board• Links to offering statements, other
documents
A NEW TOOL
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EMMA search
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$240 million bond issue
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Digging deeper: Continuing disclosures
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Chapman finances, 2005-2010
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2005 2006 2007 2008 2009 2010
$(50,000,000)
$-
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
OtherProgramsDonations
The sounds of prosperity
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Chapman on EMMA - the search
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Chapman EMMA results
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2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 $-
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
Chapman income, 2000-2009
ProgramsDonations
Mean program revenue: $182.9 millionStandard deviation: $44.6 million
Mean donations: $27.3 millionStandard deviation: $8.6 million
