Jackson Jambalaya

So, I am reading correctly that eight people make six figures at the place where I go donate blood?

And two have the same last name? Any relation?

Forest Thigpen is paying himself $95,000 from his own non-profit. That is good money. Equivalent to a medium sized church.

Not sure if I should start my own church or my own conservative think thank. Pretty much the same I suppose.

"So, I am reading correctly that eight people make six figures at the place where I used to go donate blood? "

Fixed it for you

HA! Yes 6:23!

Working at a for-profit company for a salary is for losers. Where do I get the free money to start my own think tank?

Taking it to the next level

Posted by: Lynne W. Jeter in Health August 1, 2010
Former drill sergeant David Allen applies ‘For-Profit’ management to drive success David Allen has mastered the science of proactive management. Allen, president and CEO of Mississippi Blood Services (MBS), learned early in life to spot troubling trends as they take shape, and to make a move to emerge in an even better position. For starters, Allen, who ... http://msbusiness.com/2010/08/taking-it-to-the-next-level/

You know he is 70 right?

Help me out. Where does MS Blood get its money to pay employees?

Uhh...by selling the blood that we donate to them free of charge?

So why does Hartfield not report their top 5 key employees? You know they pay a headmaster.

You can request it, 6:59. Its available to the public.

Better question is why the annual fundraiser only nets $5k. Checkwriting campaign is more prolific.

'You know he is 70 right?'

What the hell's that got to do with anything. Seventy is the new 49. He's ripping us off regardless of his age. And he'll run the business for 20 more years.

non-profits and foundations from all the plethora of new billionaires will be a major economic force over the next 30 years. Watch.

To start, I don't know what Kingfish's motivation is for posting these Form 990s (which are available to the public and made easily accessible via websites such as Guidestar.org), but if it is to instigate reactions and critical comments from people about the compensation of employees of these non-profits (which I suspect is his motivation), then job well-done.

As for MS Blood Services, I wouldn't know David Allen if he sat in my lap, so don't interpret this as some sort of personal defense of the man. That being said, I would pose this question to those who are criticizing his compensation: How much would you propose to pay someone who runs an organization with $20M+ of annual revenues that operates in a highly-regulated environment and assumes significant liability in the collection and distribution of human blood products? If not $266,972 annually, then how much? What is a fair number?

Are there some grossly overpaid executives at non-profit organizations? Absolutely. However, I believe that there is a fundamental misunderstanding on the part of a lot of people with respect to the concept of a non-profit organization. The IRS status of non-profit does not mean that the organization must or should be run by volunteers. In many cases (take large hospitals, for example), these non-profit businesses are as large or larger than many for-profit enterprises. A key difference is that whereas owners and executives in for-profit enterprises can share in the profits via equity ownership, there is no concept of profit in a non-profit (hence the name). Therefore, if a large, complex operation that is organized as a non-profit wants to attract and retain skilled leadership, it has to provide competitive compensation for that leadership, which must be mostly cash (and some benefits), as the equity element is not available.

"I don't know what Kingfish's motivation is for posting these Form 990s...but if it is to instigate reactions and critical comments from people about the compensation...then job well-done."

Congratulations to 4:11 for being the most astute poster from yesterday. Man...how did you come up with the answer to your own question so quickly?

There are two reasons we like to see this kind of information: To see where the money is going and how much, and to see what the top guys are making. And you hit right on it. Again...Man! I hope to grow up to be as smart as you.

The 990s reveal that too many non-profits, especially in Jackson, are nothing more than employment agencies where one or two people "earn" substantial management salaries (for Mississippi) and where a small percentage of the overall annual revenues is used to actually fulfill the mission statement of the non-profit.

This is 4.11 again. Not responding to the jack ass at 9.59 AM.

10.23 AM: You put "earn" in quotes, so I assume that you are implying that you don't believe that the executives/employees of these non-profits are actually earning their pay? If so, what is the basis for that belief?

You also argue that too much of the annual revenue is going to pay for salaries and not to fulfill the mission statement of the non-profit. Most of these organizations are not charities - i.e. they are not simply conduits to funnel money to needy people or other organizations. These are functioning businesses - with some notable exceptions like the Restaurant Association. Again, using MS Blood Services as an example: it takes people to make that organization work. I guess that they could collect money and then pay for blood that was harvested by another organization, but that's not how they (with their board's approval) have chosen to carry out the mission. It is a fully-functioning blood collection and distribution operation that needs people to carry out it's mission. Perhaps it could function entirely on volunteer labor - I don't know. But in this case, it does not. So, it generates revenue and uses some of that revenue to pay the people who run the business. The management compensation makes up about 14% of total W-2 comp for MS Blood in 2016. That does not sound unreasonable. I haven't done the same analysis for the other orgs on the list, so I won't opine on their exec comp as a percentage of the whole.

As for the Restaurant Association and the Hospital Association (from an earlier post) - these orgs are supported almost entirely by member businesses to provide legislative support and other industry-related services. The businesses that contribute to the cause see value in what the org is doing, and if they don't like how the org pays its people, they can drop their membership. No one is being cheated. You may not see the value in a well-into-6-figures executive who shakes hands with politicians on behalf of restaurants and hospitals (frankly, I don't either), but if restaurateurs and hospitals see the value and are willing to cut the check, okey dokey. That's their business...

11:29...tell us why pointing out your pointy hat makes 9:59 a 'jackass'.

https://www.msn.com/en-us/money/markets/the-blood-of-americas-poor-fuels-a-multibillion-dollar-industry/ar-BBKfNJn?li=BBnbfcN