Many moons ago, the executives at the San Francisco AIDS Foundation of their own volition began posting several years' worth of IRS 990s along with audited statements and annual reports. Currently, the foundation provides six years' of those documents at their financial information page.
On top of that fantastic voluntary fiscal transparency, the foundation posts their latest IRS 990 on their web site within days of filing it with the feds.
Yesterday, after checking previous IRS 990s and seeing they were filed by the end of each February, I contacted the foundation's communications director James Loduca and requested the 2012 filing because it wasn't available for public inspection on their site. He replied:
You’re right [about the 2012 filing was submitted to the IRS]. In fact, your timing is impeccable because it was just uploaded to our website and released today. You can access it, and all of our financial records here: http://www.sfaf.org/about-us/financial-information/. Please let me know if you have any questions.
If only Paul Kawata's National Minority AIDS Council were as committed to transparency as the foundation. NMAC refuses to share a single IRS 990 or audited statement on their site, a situation that will likely change only when Kawata is no longer executive director of the group.
What were the top executives at the SF AIDS Foundation paid last year? The 2012 tax filing provides the answers:
Neil Giuliano, executive director
Bob Rybicki, program director
Judith Auerbach, science director (retired)
Barbara Kimport, development director
James Loduca, communications director
Jonathan Zinman, finance director
Ernest Hopkins, federal affairs director
Total compensation amount paid to the seven top executives: $1,328,000.
How are these pay levels determined? I thought it was the board of directors that directly set the pay, but that is not the case according to this disclosure on page 45 of the IRS 990:
All staff compensation is reviewed by an independent consultant for market rate comparison. The CEO's compensation is also approved by the board, based on the consultant's recommendation.
Sure would be nice to know how much that consultant earns for looking at the IRS 990s of other AIDS Inc groups, which can't take up more than a few hours of time, then make a recommendation. The fee paid to the consultant could be better used providing housing vouchers or hot meals to people with AIDS.
As I reported last August for the Edge on the Net news site, the SF AIDS Foundation contracts with Craig Miller's MZA Events commercial fundraising firm to produce the annual AIDS Walk in Golden Gate Park. The foundation's 2011 walk, according to the California attorney general's division of charities, raised $2.8 million and a whopping 58% of the proceeds went for production costs.
I'm just saying an awful lot of money goes into paying the executives at the foundation, while they also spend robust sums on outside consultants and a commercial fundraiser, and those are funds that I believe should be going to directly assist people with AIDS.