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The Hidden World of Nonprofits

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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.

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The Hidden World of Nonprofits

  1. 1. The Hidden World of Nonprofits Ronald Campbell [email_address]
  2. 2. 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. Campbell RONALD
  3. 3. Nonprofits are everywhere – in health care, education, culture, the economy – everywhere except the news . HIDDEN IN PLAIN SIGHT
  4. 4. <ul><li>www.guidestar.org </li></ul><ul><li>Free access 3 years of 990s </li></ul><ul><li>Premium ($300 for IRE members) unlimited access </li></ul>FOLLOW THE MONEY
  5. 5. <ul><li>Tiny charities ($25k/$50k) file 990-N “e-postcards” </li></ul><ul><li>… or nothing at all (churches) </li></ul>THE MONEY TRAIL
  6. 6. 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.
  7. 7. <ul><li>Pages 3-4: Preview of coming attractions </li></ul><ul><li>Pages 5-6: Catchall </li></ul><ul><li>Pages 7-8: Pay!!! </li></ul>INSIDE THE 990
  8. 8. <ul><li>Page 9: Revenue </li></ul><ul><li>Page 10: Expenses </li></ul><ul><li>Page 11: Balance sheet </li></ul><ul><li>Schedules </li></ul>INSIDE THE 990, CONT.
  9. 9. It started with a lima bean field, became “an international shopping destination,” and then … CASE STUDY: ORANGE COUNTY PERFORMING ARTS CENTER
  10. 10. Performing Arts Center, opened August 1986
  11. 11. <ul><li>Founded 1979. </li></ul><ul><li>Opened 3,000-seat hall 1986. </li></ul><ul><li>Opened 2,000-seat concert hall and theater 2006. </li></ul><ul><li>Privately funded for 20 years. </li></ul>CASE STUDY: OCPAC
  12. 12. Concert hall, opened September 2006
  13. 13. Before the fall … Big piece of art
  14. 14. Big piece of art
  15. 15. 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. Central Heavy hitters mug
  16. 16. <ul><li>http://emma.msrb.org </li></ul><ul><li>Created by Municipal Securities Rulemaking Board </li></ul><ul><li>Links to offering statements, other documents </li></ul>A NEW TOOL
  17. 17. Big piece of art
  18. 18. EMMA search Big piece of art
  19. 19. $240 million bond issue Big piece of art
  20. 20. Chapman University revenue, 2005-2009 Big piece of art
  21. 21. One product of Chapman’s boom: a new library Big piece of art
  22. 22. 990 for 2010 still not available Big piece of art
  23. 23. Big piece of art
  24. 24. Big piece of art

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