Wednesday, June 19, 2013

Checking on the non-profits

Probably someone should look into charitable non-profits.  But maybe not waste IRS resources on the mom and pop tea party groups the IRS was harassing.  How about the largest public charity in the country, Kaiser Foundation Health Plan.  The CEO George Halvorson makes about $8 million a year (2009). Kaiser paid its six top executives a combined $16.6 million (2009) and provided them with executive perks like first class air travel, forgivable home loans, and multiple pension and bonus plans. Of the top 10 public charities, 8 were health systems.  I'm guessing they are all on board for Obamacare. Non-profits are very profitable and have a revolving door with the government.

http://www.urban.org/uploadedpdf/412228-nonprofit-government-contracting.pdf

http://nccs.urban.org/statistics/quickfacts.cfm

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