Download - The Hidden World of Nonprofits
The Hidden Worldof Nonprofits
Ronald [email protected]
Ron is a staff writer for The Orange County Register where he pioneered the paper’s computer-assisted reporting program. He has investigated charities, penny stocks, immigration and the buying and selling of human body parts.
CampbellRONALD
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
• Tiny charities ($25k/$50k) file 990-N “e-postcards”• … or nothing at all (churches)
THE MONEY TRAIL
Filing thresholds for 990 vs. 990-EZ
2008 2009 2010
Receipts $1 mill. $500k $200k
Assets $2.5 mill. $1.25 mill. $500k
THE MONEY TRAIL, CONT.
• Pages 3-4: Preview of coming attractions
• Pages 5-6: Catchall
• Pages 7-8: Pay!!!
INSIDE THE 990
• Page 9: Revenue
• Page 10: Expenses
• Page 11: Balance sheet
• Schedules
INSIDE THE 990, CONT.
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
• 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
Before the fall …
Big piece of art
Big piece of art
O.C. Performing Arts Center finances, 2005-2009
$-$10,000,000$20,000,000$30,000,000$40,000,000$50,000,000$60,000,000$70,000,000$80,000,000$90,000,000
2005 2006 2007 2008 2009
Programs
Other
Donations
Expenses
OCPAC’s board members and donors represent the power structure of the nation’s fifth-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
http://emma.msrb.org• Created by Municipal Securities Rulemaking Board
• Links to offering statements, other documents
A NEW TOOL
Big piece of art
EMMA search
Big piece of art
$240 million bond issue
Big piece of art
Chapman University revenue, 2005-2009
Big piece of art
One product of Chapman’s boom: a new library
Big piece of art
990 for 2010 still not available
Big piece of art
Big piece of art
Big piece of art