Why Does St Jude Ceo Make So Much Money - T-Tees - Your Answers Await, Life's Questions Unraveled

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When people think of St. Jude’s, they often associate the organization with the children’s research hospital but St Jude’s is actually two organizations:

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St. Jude Children’s Research Hospital (St Jude): the 77-bed children’s hospital that provides research and medical care; and
American Lebanese Syrian Associated Charities (ALSAC): the fundraising arm; an organization that exists to raise funds for St. Jude’s

Although most non-profits do not separate fundraising from services, St. Jude’s does, so both organizations need to be analyzed because St. Jude’s relies on ALSAC for the majority of it’s revenue and has a beneficial interest in the organization.

The following information is based on the most recent Form 990’s (2020 for the year ending June 30, 2021) submitted by ALSAC and St. Jude to the IRS.

ALSAC

ALSAC is managed by 41 voting members (directors) of the governing body (board of directors) of whom 38 are independent; 28 of the 41 (68%) are male while 13 of the 41 (32%) are female (note: gender identification is not reported on the Form 990 so the numbers are based on names and a google search).

ALSAC reported total revenue of $2.4 billion (compared to $1.9 million the prior year). They spent $625 million (26% of revenue) on fundraising expenses, gave St Jude’s $997 million (42% of revenue) and put the remaining unspent revenue – $781 revenue – in the fund assets (think savings).

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Of the $625 million in fundraising expenses, $182 million was spent on compensation for the 1,939 employees who received an average compensation of $94,000. 469 employees received more than $100,000 with the 10 most highly compensated employees reported to be:

$1,558,983: James R Downing, Ex-Officio Director (compensation from St Jude)
$1,068,828: Richard C Shadyac, CEO and Ex-Officio Director
$ 693,285: Emily S Greer, Chief Admin Officer
$ 666,106: Anurag Pandit, Chief Investment Officer
$ 657,794: Emily Callahan, Chief Marketing and Experience Officer
$ 645,450: Robert Machen, COO
$ 603,398: Sara Hall, Chief Legal Officer
$ 597,641: George Shadroui, Chief Strategy Officer
$ 492,867: Abed Abdo, CFO
$ 451,521: Jeffrey Pearson, Former CFO

7 of the 10 most highly compensated employees are male while 3 of the 10 are female.

The most highly compensated employee was James Downing, who received more than $7 million in compensation over the past 5 years:

2021: $1,558,983
2020: $2,324,885
2019: $1,278,550
2018: $1,202,948
2017: $1,087,044

ALSAC paid for health or social club dues or initiation fees. For more information see Schedule J, Part III, Supplemental Information on the Form 990.

ALSAC established a non-qualified deferred compensation plan. Payments made during the year were made to:

Richard C Shadyac: $64,529
Jeffrey T Pearson: $8,028
Emily S Greer: $56,229
George Shadroui: $38,017
Emily Callahan: $30,466
Sara Hall: $31,808
Anurag Pandit: $21,732
Robert Machen: $11,523

172 independent contractors received more than $100,000 in compensation. The five (5) most highly compensated independent contractors were reported to be:

$6.8 million: Infocision Management Corp, of Akron, OH for call center
$6.0 million: Innerworkings, Inc, of Chicago, IL, for print materials production
$5.6 million: Eaglecom, Inc. of Toronto, Ontario, Canada for media purchasing
$3.6 million: Infogroup, of Omaha, NE for marketing and data
$3.5 million: Vaco Memphis, LLC of Brentwood, TN for IT contract labor

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ALSAC conducted 153 fundraising events that generated $17 million. After deducting contributions (an IRS requirement) of $8 million, gross income was $9 million. ALSAC spent $1.4 million on food, beverages, prizes, rent facilities, and other costs, leaving $7.6 million in net income to the organization.

It is important to note that Infocision Management Corp, a phone solicitor who operates the call center, was responsible for raising $4.8 million, but charged ALSAC $4.7 million for their services.

To read the ALSAC IRS Form 990 (2020 for the year ending June 30, 2021), click here.

ST JUDE

The governing body for St Jude is the same as ALSAC: made up of 41 voting members (directors), 38 of whom are independent. Of the 41 voting members listed on the Form 990, 28 (68%) are male while 13 (32%) are female (note: the Form 990 does not report gender identification so the numbers are based on names and google searches).