Lancaster Independent Press
RSS icon Home icon
  • * TECHNOLOGY & PROCESSING COSTS?

    Posted on November 18th, 2017 Becky 25 comments

    WHO GETS THAT?

    Posted on Lancaster Online under the LNP article, “Extraordinary Give beats 2016 record with more than $8.6M in donations to 400+ organizations,” (click here).

    *    It is wonderful that the Extraordinary Give raised over $8 million dollars! However, why was $430,940 deducted from the total and who received it? Especially since in the “FAQs” it says this:
         Additionally, the Foundation has committed $150,000 to cover nearly all the hard costs of this project as well as staff time.
         That question was posed above and Jen Kopf, LNP’s Home & Garden and Food Reporter, does not provide the answer! Who is this mysterious “technology partner” who received $430,940? That’s a lot of money!
         You’re a “reporter,” Kopf, why don’t you answer the question?

    WHO RECEIVED $430,940?

    From the “full list of FAQs” for the Extraordinary Give (click here).

         LNP is reporting total donations of $8,636,084 this morning. So exactly who received the $430,940 in “technology and processing costs?”

     

    25 responses to “* TECHNOLOGY & PROCESSING COSTS?”

    1. $150,000 for ‘hard costs’???????????

      Who, Why, What, Where, When, How?

      Six basics of journalism that LNP continues to ignore!!

    2. Exactly!

    3. Interesting that the ‘foundation’ sets up their own entity to process the donations instead of having an independent company handle the donations and distribution.

      extragive isn’t listed as a charitable organization. Appears to be inhouse. Wonder who the employees are?

    4. I will never EVER understand why the executive director of a rinky dink charity is paid at last count $175,000 plus per year. And the chief accountant makes $90,000 plus a year.

      And of course, the two at the top are men.

      Men certainly have a canny knack on carving out overpaid positions. Put “Mary Smith” in there and she would be paid 2/10ths of that amount.

      Lots of overpaid fat at the top of these organizations. Wonder if it includes a Hamilton Club membership?

    5. OMG! Sammuel J. Bressi, President and CEO, made $186,623 in 2016! His entire job is deciding who to give money to from the Foundation!

    6. http://lancasteronline.com/news/sam-bressi-is-ordinary-man-with-extraordinary-talent/article_946c90ab-303c-5dc2-a810-ecd2885639ae.html

    7. I have to take exception with your perspective re the executive compensation. If you want the best and brightest to come to a not-for-profit entity you need pay on par with the private sector. You get what you pay for. Period. Simple basic business philosophy.

    8. I have some interesting info on Bressi. Stay tuned!

    9. While the Lancaster Online article about Bressi linked to above says this:

      Bressi and his wife, Linda, have a son, Justin, 24; a daughter, Hannah, 20; and two golden retrievers, Norton and Manny. The couple has a home in York but recently purchased a house on North Charlotte Street in Lancaster city.

      And implies they are moving here, I don’t think they ever did.

      I don’t think Bressi actually lives in Lancaster County. I think he still lives in York. He still owns 2777 Chestnut Run Road in York and has the Homestead Credit applied. The 417 N. Charlotte Street property he purchased lists his mailing address on the county website as the above address in York. It also states that the Homestead application for that property was “denied.” Also, an apartment on the first floor of the Charlotte Street property was very recently for rent on “hotpads.”

      Apt. 1 417 N. Charlotte Street

    10. Becky, I am not sure how any of that is relevant. I know you like posting about people’s personal lives, and sometimes it does play a part of the narrative to shed more light on a situation. However this particular point indicates….?

    11. It all seems a little strange…

    12. And there is also this in the same Lancaster Online article:

      Bressi, 47, came to Lancaster in 2008 to run the foundation, which has a $70 million endowment and awards $2.5 million in grants to community organizations and projects each year.

      That along with the sentence about buying a house in Lancaster definitely implies he moved or was going to move (perhaps it’s the fault of the reporter).

    13. Well it may be atypical, I will grant you that. My impression is you do not approve of his salary and are looking for ways to imply something nafarious has transpired when, in fact, there could be a host of legitimate reasons he and his family reside wherever they currently do. He leads an organization that has had tremendous success including a record setting campaign this year. I do not always agree with you but you have made good points in the past and asked questions that need to be answered. In this particular case you just seem to want to attack part of the perceived “establishment”. I think you are way off base. In my humble opinion. 🙂

    14. No, I don’t approve of the 4.99% fee and not knowing where it’s going!

      (And his salary is ridiculous. More than a Lancaster County Common Pleas Court Judge!)

    15. His salary vs. that of a judge has nothing to do with anything. Are you proposing that we create a value scale for every occupation and base pay accordingly? Come on.

    16. As for the 4.99%, I promise you that due to their tax status they will have to detail those expenses. The initial layout of funds was/is budgeting. The additional funds taken out account for the cost incurred as the project moved forward over the course of a year. Becky, no offense but you seem to lack basic business acumen. You are a passionate advocate for many causes but traversing a business mechanism is not your forte.

    17. 🙂 I was not the first person to bring up his salary! And when they detail those expenses please let me know. I do find the idea of a non-profit whose only business is giving away millions and millions of dollars a year a bit mindboggling!

    18. Fair enough on the salary point :). I think the average person simply does not think in terms of six figure salaries and how often and where they are paid. As for the expenses, to raise that much money you need to spend some as well. I have been involved with several non-profits on the Board level, including Chairing a prominent one. I know first hand how the basic structure works. I also know that the most important part is making sure you hire the right person to run the day to day operations.

    19. Still seems like a con to me.

    20. I wonder what the Marriott/concenter get out of this?

    21. I’m thinking that the ‘technology partner’ is…..MAW Communications! 😉

    22. OMG, Jim! 🙂 🙂 What if it’s true! 🙁 🙁

    23. Huh? I have to ask: what part of it seems like a “con”. It is a very transparent event and organization. You can go to their website and even download all of their tax documents. For full disclosure I do know some of the Board members but have nothing to do with this event or its operations.

    24. I would bet that the total credit card expense to process this event is close to 3% off all donations…or 60% of the 5% fee. That leaves 2% for all other costs. I personally believe that is reasonable. As for the credit card fees, that is another story altogether. You would be amazed what businesses are forced to pay in varying amounts based on the credit cards thir customers choose to use. Each card has a number of variables: business vs personal, credit vs debit, rewards (airline miles, cash back); etc that drive up the discount (fees). Businesses have very little say and power to affect these. Having said that, you would hope the banks would do more for legitimate charitable organizations like this one to help reduce those costs. To my knowledge they do not.

    25. That “best and brightest” b.s. for non-profit CEO’s has been spewed for years. That’s what the head of Goodwill said years ago, and every other overpaid executive – public and private. It is bull $hit. You can get someone eaually as talented whse real desire is to SERVE those less fortunate for half that salary. Or, convene a board to dole out money for free.