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Thursday, February 02, 2012
Susan G. Komen
Once again, non-sports post!
As most of you probably know, they are in the news again for cutting off funding to Planned Parenthood. Their stated reason is that they just instituted a policy of not funding any organization that is under investigation, whatever that means exactly. Apparently, PP’s Congressional investigation was initiated by anti-abortion politicians. They hate PP.
SGK claims that their position is not politically motivated, which sounds disingenuous to me, in light of the fact that their new VP, Karen Handel, recently ran for governor of Georgia on an anti-PP platform, whatever the heck that is (I’m going to run for governor on an anti-Baseball Tonight platform).
As you may also know, SGK was in the news a while ago for filing lawsuits against organization that use their logo or slogan in fundraising events, like “Bark for the Cure.” I remember developing a dislike for them then. Now I really do.
I Googled their financial information and found this from a web site called Charity Navigator.
http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=4509
This is from the site:
Revenue
Primary Revenue $273,707,240
Other Revenue $38,148,304
Total Revenue $311,855,544
Expenses
Program Expenses $254,840,077
Administrative Expenses $37,629,831
Fundraising Expenses $23,797,862
Total Functional Expenses $316,267,770
Payments to Affiliates $0
Excess (or Deficit) for the year $-4,412,226
WTF? They raised almost 312 million and took a loss? What am I missing?
Also, the former CEO and President made almost half a mil in salary and benefits:
$456,437 0.14% Hala G. Moddelmog Former President, CEO
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