Monday, October 10, 2011

NYC's Animal Care and Control Manages To Lose Money Doing Fundraisers

Monday, October 10, 2011

Admin

Here's what I don't get...



The "Humane" Society of the U.S. (I put that in quotes because I think they're a horrible organization - start HERE if you wanna see why) did a benefit in NYC and raised a freakin' million dollars...



Just to show that's not out of the ordinary, the ASPCA also had an event here, and yes, they too raised over a freakin' million dollars!



(BTW - The ASPCA sucks too.)



So, you may wonder, how much does NYC's Animal Care and Control make off of their fundraisers?



It must be easy as pie to raise funds as the HSUS and ASPCA show - I mean, this is NYC, mecca of money, celebrity...not to mention people who are insane about their animals. And, I'm sure they were able to use the fact that they are the self-described "largest pet organization in the northeast" (per their website) to get the money flowing...



They must do a ton of them, right?



I mean, they complain about being underfunded (which they are), and what better way to make up for the lack of funds than pushing up your sleeves and going to work.



I believe Richard Gentles, making six figures, as the Director of Development (fancy!) is the person on their management team in charge of getting the money flowin'!



And, he shlould have plenty of help, in the form of their impressive roster that is their Board of Directors (After all, this is what BOD of a non-profits is supposed to do - Look at number 4 here)



Speaking of their BOD, they are lucky enough to have not one, but two Wall Street titans on there, Mssrs, John M.B. O'Connor (former partner at Morgan Stanley, now CEO of J.H. Whitney Investment Management) and Bruce Doniger (hedge fund trader). In addition, they have Patrick Nolan on the Board - He is the Director of Marketing at Penguin Books - Surely, he can share his marketing prowess to help, instead of just keeping a seat warm.



Given all of this, I am excited to see how money they have raised due to their collective fundraising efforts...



So, I took a look at their latest Form 990, which are a non-profit's financials, and guess how much they made in their last fiscal year from fundraisers?



$26,943.



Huh?



Actually, it's even worse than that (believe it or not).



If one takes into account expenses associated with these fundraising "efforts," they raised a total of, are you ready...



($388)



That's right, they lost money.



I guess I have to retract my earlier comments - NYC's Animal Care and Control should immediately stop doing fundraisers!



Harris Bloom

Founder/President

http://www.stewietotherescue.org/





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