the hidden world of nonprofits
DESCRIPTION
Ron Campbell presented "The Hidden World of Nonprofits" at the Donald W. Reynolds National Center of Business Journalism's free workshop, "Investigating Private Companies and Nonprofits." For more information about free training for business journalists, please visit businessjournalism.org.TRANSCRIPT
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