- The gross compensation paid the CEO ($683,000) and the COO ($398,000) total $1,081,000. If you believe this to be outrageous, egregious, ridiculous, you pick the descriptive term, let someone know. If you believe that the return on this investment has been negligible, infinitesimal, you pick the descriptive term, let someone know. I can tell you, it.just.gets.worse year-by-year-by-year.
- In fact, the 990 lists 14 -- that's 14 -- senior professionals who were compensated in excess of $175,000 in the relevant fiscal year and, of those, 6 were compensated in excess of $250,000. If compensation is supposed to be based on merit, you should evaluate who among this roster merit what they are being paid.
- Then there are the 22 (yep, 22) Consultants identified (but not named, other than those paid the most) compensated in excess of $100,000 in the fiscal year. Our new "friends," the NY communications/marketing firm -- SS+K -- was paid another $1 million. This is the consultant paid by a donor using JFNA as a conduit for something called the Project Connect Production, which, you may recall, was determined to be "Confidential" (as were all of the Consultant contracts) by Sandler/Silverman. This determination was made on an ad hoc basis with no criteria, no standards.
- You will be pleased to know that JFNA puffs up its revenues by including the passthrough funds allocated by federations to JAFI/JDC/WorldORT. It's as if JFNA has anything at all to do with these funds oher than to send them on, and in the case of JAFI, for UIA to vet those allocations. This, of course, gives JFNA a sense of its own self-importance even as it raises not a single dollar of those funds.
- In the 990 Part V, JFNA states:
"Schedule F, Part I, Line 2 - UNDER THE DIRECTION OF THE JEWISH FEDERATIONS OF NORTH AMERICA, LAY LEADER COMMITTEES AND PROFESSIONALS EVALUATE EACH GRANTEE EXTENSIVELY, BEFORE AND AFTER FUNDS ARE DISTRIBUTED. THE COMMITTEES MONITOR THE USE OF FUNDS, ENSURING THAT ALLOCATIONS REFLECT THE PRIORITIES OF THE JEWISH FEDERATION MOVEMENT. FUNDING GUIDELINES INCLUDE THAT ALL GRANTEE ORGANIZATIONS MUST BE WELL-GOVERNED, COMPLY WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, PRODUCE AN ANNUAL AUDIT BY AN INDEPENDENT FIRM, AND MAINTAIN BY-LAWS THAT CONFIRM TO LEGALLY ACCEPTED STANDARDS, INCLUDING PROVISIONS FOR APPROPRIATELY OVERSIGHT OF ALL FIDUCIARY MATTERS. GRANTEES ARE ALSO REQUIRED TO PROVIDE THE COMMITTEE WITH REPORTS ON HOW FUNDS ARE SPENT, AND THE COMMITTEES CONDUCT SITE VISITS AS NECESSARY TO ENSURE COMPLIANCE."OK then -- does anyone among you believe that JFNA itself is really doing this evaluation and vetting? Does anyone reading this Post believe that JFNA is capable of "...ensuring that allocations reflect the priorities of the Jewish Federation Movement"? (And, yes, UIA does approve/vet/monitor the dwindling Federation allocations to JAFI, among UIA's responsibilities.)
Yes, the JFNA 990 is always good for something -- just not disclosure.