The Hidden World of Nonprofits

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The Hidden World of Nonprofits Ronald Campbell [email protected]

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 of The Hidden World of Nonprofits

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The Hidden Worldof Nonprofits

Ronald [email protected]

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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

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Nonprofits are everywhere – in health care, education, culture,

the economy – everywhere except the news.

HIDDEN IN PLAIN SIGHT

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www.guidestar.org• Free access 3 years of 990s• Premium ($300 for IRE members) unlimited access

FOLLOW THE MONEY

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• Tiny charities ($25k/$50k) file 990-N “e-postcards”• … or nothing at all (churches)

THE MONEY TRAIL

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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.

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• Pages 3-4: Preview of coming attractions

• Pages 5-6: Catchall

• Pages 7-8: Pay!!!

INSIDE THE 990

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• Page 9: Revenue

• Page 10: Expenses

• Page 11: Balance sheet

• Schedules

INSIDE THE 990, CONT.

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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

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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

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Concert hall, opened September 2006

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Before the fall …

Big piece of art

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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

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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

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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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Big piece of art

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EMMA search

Big piece of art

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$240 million bond issue

Big piece of art

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Chapman University revenue, 2005-2009

Big piece of art

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One product of Chapman’s boom: a new library

Big piece of art

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990 for 2010 still not available

Big piece of art

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Big piece of art

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Big piece of art