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Author Topic: HogFest to Kickoff Spring Game  (Read 1310 times)

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gdumont

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HogFest to Kickoff Spring Game
« on: April 01, 2017, 05:31:57 pm »

Arkansas announces HogFest to precede Red-White Spring Game on April 29th

http://www.nwahomepage.com/razorback-nation/hogfest-to-kickoff-spring-game/684337305
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Wayne Watson

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Re: HogFest to Kickoff Spring Game
« Reply #1 on: April 02, 2017, 01:47:43 pm »

Did the bogus charity organization decide to not be a part of it?
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PorkSoda

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Re: HogFest to Kickoff Spring Game
« Reply #2 on: April 03, 2017, 02:32:59 pm »

didn't it used to be RazorFest?

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Peter Porker

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Re: HogFest to Kickoff Spring Game
« Reply #3 on: April 03, 2017, 02:38:00 pm »

Did the bogus charity organization decide to not be a part of it?

That's a strong accusation. Care to elaborate?
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southeasthog

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Re: HogFest to Kickoff Spring Game
« Reply #4 on: April 03, 2017, 04:14:22 pm »

That's a strong accusation. Care to elaborate?
I would assume he means the Shaeffers (Rick) Charity where the pay themselves quite a few thousands of dollars to run. If not, then I don't know.
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ricepig

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Re: HogFest to Kickoff Spring Game
« Reply #5 on: April 03, 2017, 04:38:15 pm »

I would assume he means the Shaeffers (Rick) Charity where the pay themselves quite a few thousands of dollars to run. If not, then I don't know.
According to their 990 filed, Rick doesn't receive any compensation, but his wife does, around $175,000.
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little pigee

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Re: HogFest to Kickoff Spring Game
« Reply #6 on: April 04, 2017, 09:50:24 am »

According to their 990 filed, Rick doesn't receive any compensation, but his wife does, around $175,000.
Well...I guess it's ok then.
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DeltaBoy

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Re: HogFest to Kickoff Spring Game
« Reply #7 on: April 04, 2017, 10:17:50 am »

Did the bogus charity organization decide to not be a part of it?

Amen !!
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ricepig

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DeltaBoy

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ricepig

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Re: HogFest to Kickoff Spring Game
« Reply #10 on: April 04, 2017, 11:11:19 am »

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PorkRinds

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Re: HogFest to Kickoff Spring Game
« Reply #11 on: April 04, 2017, 11:49:43 am »

According to their 990 filed, Rick doesn't receive any compensation, but his wife does, around $175,000.

Depends on how much money they take in.  If they're paying more out on salaries than they are in fulfilling the mission then yeah, it's an issue. $175k isn't a huge deal if they're bringing in multi millions every year. I don't know enough about it to say either way.
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ricepig

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Re: HogFest to Kickoff Spring Game
« Reply #12 on: April 04, 2017, 12:01:17 pm »

Depends on how much money they take in.  If they're paying more out on salaries than they are in fulfilling the mission then yeah, it's an issue. $175k isn't a huge deal if they're bringing in multi millions every year. I don't know enough about it to say either way.

Brought in $4m+ in their latest filing, had expenses of around $3M, of which $1.2M was salaries, compensation, and benefits.
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311Hog

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Re: HogFest to Kickoff Spring Game
« Reply #13 on: April 04, 2017, 12:02:54 pm »

Brought in $4m+ in their latest filing, had expenses of around $3M, of which $1.2M was salaries, compensation, and benefits.

its for the kids man....
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widespreadsooie

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Re: HogFest to Kickoff Spring Game
« Reply #14 on: April 04, 2017, 12:18:59 pm »

Depends on how much money they take in.  If they're paying more out on salaries than they are in fulfilling the mission then yeah, it's an issue. $175k isn't a huge deal if they're bringing in multi millions every year. I don't know enough about it to say either way.

Non Profit CEO compensation can best be gauged as a % of dollars that go to their cause. So if they spent $3M and had 1.2 go to salaries, compensations, and benefits that leaves 1.8 going towards their cause, we can assume. $175K is 10% of funds going towards their cause which I would say is pretty fair actually.
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ricepig

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Re: HogFest to Kickoff Spring Game
« Reply #15 on: April 04, 2017, 12:27:04 pm »

Non Profit CEO compensation can best be gauged as a % of dollars that go to their cause. So if they spent $3M and had 1.2 go to salaries, compensations, and benefits that leaves 1.8 going towards their cause, we can assume. $175K is 10% of funds going towards their cause which I would say is pretty fair actually.

Of course, the year before they only raised $1.2M, but had expenses of $1.1M, with compensation of $360,000. I'm not making a claim, one way or another, just reading their 990 forms.
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ErieHog

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Re: HogFest to Kickoff Spring Game
« Reply #16 on: April 04, 2017, 12:29:35 pm »

Of course, the year before they only raised $1.2M, but had expenses of $1.1M, with compensation of $360,000. I'm not making a claim, one way or another, just reading their 990 forms.

A rule of thumb for me,  is that if the amount that actually goes to charity is smaller than your figurehead's salary,  there's an issue.   
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ricepig

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Re: HogFest to Kickoff Spring Game
« Reply #17 on: April 04, 2017, 12:34:58 pm »

A rule of thumb for me,  is that if the amount that actually goes to charity is smaller than your figurehead's salary,  there's an issue.   

I have a Guidestar account because I sign off on a 501(C)3 990 report, so I see a few when I peruse the site. I think you can get most of the info for free on there.
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ErieHog

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Re: HogFest to Kickoff Spring Game
« Reply #18 on: April 04, 2017, 01:01:04 pm »

I have a Guidestar account because I sign off on a 501(C)3 990 report, so I see a few when I peruse the site. I think you can get most of the info for free on there.

Guidestar is pretty good.  If people do much in the way of charitable giving, I recommend it.
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ricepig

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Re: HogFest to Kickoff Spring Game
« Reply #19 on: April 04, 2017, 01:04:11 pm »

Guidestar is pretty good.  If people do much in the way of charitable giving, I recommend it.

You get the numbers in there, like the RF's and who was paid what??
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ErieHog

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Re: HogFest to Kickoff Spring Game
« Reply #20 on: April 04, 2017, 01:07:10 pm »

You get the numbers in there, like the RF's and who was paid what??

Usually not to the breakdown of individual level;  however, press releases and individual information releases do happen, which can tip you off as to how much someone like Ms. Schaeffer is paid.
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ricepig

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Re: HogFest to Kickoff Spring Game
« Reply #21 on: April 04, 2017, 01:18:31 pm »

Usually not to the breakdown of individual level;  however, press releases and individual information releases do happen, which can tip you off as to how much someone like Ms. Schaeffer is paid.

If they are an officer, their compensation has to be reported on the 990. I was surprised last year when the RF's report showed Coach Broyles receiving $3.5M for speaking engagements, figured it was some kind of deferred compensation.
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Potosihog

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Re: HogFest to Kickoff Spring Game
« Reply #22 on: April 05, 2017, 03:09:49 pm »

For a person with 3 Master's degrees $175K is not over paid in my world.   Administrative cost is very much in line with what is expected from responsible organizations.  The social envy of our country amazes me.

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311Hog

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Re: HogFest to Kickoff Spring Game
« Reply #23 on: April 05, 2017, 03:24:38 pm »

For a person with 3 Master's degrees $175K is not over paid in my world.   Administrative cost is very much in line with what is expected from responsible organizations.  The social envy of our country amazes me.


i dunno about social envy as some people myself included do not like the taste of seeing a person draw 6 and 7 figure salaries to run a "charity".  Yeah give us your donations for the kids and i will take over half of it to pay myself....

feel the same way about Tv preachers etc.  IMHO someone gives a dollar to feed a kid then a dollar goes to feed a kid or as much of that dollar as possible.
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Grizzlyfan

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Re: HogFest to Kickoff Spring Game
« Reply #24 on: April 05, 2017, 03:33:21 pm »

No one has explained yet why Champions for Kids is a "bogus" charity.
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ricepig

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Re: HogFest to Kickoff Spring Game
« Reply #25 on: April 05, 2017, 03:35:07 pm »

No one has explained yet why Champions for Kids is a "bogus" charity.

I have no idea why the claim was made, and really didn't know what they did until I googled it.
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widespreadsooie

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Re: HogFest to Kickoff Spring Game
« Reply #26 on: April 12, 2017, 12:46:31 pm »

i dunno about social envy as some people myself included do not like the taste of seeing a person draw 6 and 7 figure salaries to run a "charity".  Yeah give us your donations for the kids and i will take over half of it to pay myself....

feel the same way about Tv preachers etc.  IMHO someone gives a dollar to feed a kid then a dollar goes to feed a kid or as much of that dollar as possible.

Non Profits require just as competent CEOs to run their business as for profits. Like I said, you have to look at it thru %s.  That could probably be said for for profits as well.
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311Hog

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Re: HogFest to Kickoff Spring Game
« Reply #27 on: April 12, 2017, 12:53:49 pm »

Non Profits require just as competent CEOs to run their business as for profits. Like I said, you have to look at it thru %s.  That could probably be said for for profits as well.

but for profits you understand it is in the bloody name FOR profit.  A non profit is not a for profit by a different name it is supposed to be a fundamentally different entity that is why it is gifted with all of these breaks and advantages.  Why are churches not taxed? is it so the preacher can pull in a Million + ? no....

Same thing with "CEOs of non profits" the entity isn't afforded advantages so some figurehead can soak up all the funding. IMHO.

I am going to start a charity tomorrow to cloth the homeless or feed the veterans or any other charity you can think of that is a "no brainier" and then sit at the top and pay myself 6 figures to count the money.

to me some of these are worse than ponzi schemes.  Living the elite life off of donations meant to serve the greater good.
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PorkSoda

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Re: HogFest to Kickoff Spring Game
« Reply #28 on: April 12, 2017, 02:07:10 pm »

but for profits you understand it is in the bloody name FOR profit.  A non profit is not a for profit by a different name it is supposed to be a fundamentally different entity that is why it is gifted with all of these breaks and advantages.  Why are churches not taxed? is it so the preacher can pull in a Million + ? no....

Same thing with "CEOs of non profits" the entity isn't afforded advantages so some figurehead can soak up all the funding. IMHO.

I am going to start a charity tomorrow to cloth the homeless or feed the veterans or any other charity you can think of that is a "no brainier" and then sit at the top and pay myself 6 figures to count the money.

to me some of these are worse than ponzi schemes.  Living the elite life off of donations meant to serve the greater good.

I get what you are saying.  and there are some non profits that abuse their status, just like there are some churches that abuse their status. 

however there are many that work hard to fulfill their mission.  10-15% in admin costs is pretty standard in the non profit sector.  and as far as "counting money" not profit accounting is much more complicated and heavily regulated than for profit accounting.  an agency with 10 programs is like running 10 seperate businesses that all have to be accounted for separately.
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311Hog

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Re: HogFest to Kickoff Spring Game
« Reply #29 on: April 12, 2017, 02:13:59 pm »

I get what you are saying.  and there are some non profits that abuse their status, just like there are some churches that abuse their status. 

however there are many that work hard to fulfill their mission.  10-15% in admin costs is pretty standard in the non profit sector.  and as far as "counting money" not profit accounting is much more complicated and heavily regulated than for profit accounting.  an agency with 10 programs is like running 10 seperate businesses that all have to be accounted for separately.

I get that, not all are bad.  Also the CEO isn't doing books either.  As i said before there are "some" admin costs as you say, i just have a very hard time agreeing with the idea that it is ok for a CEO to pay themselves 6 figures + for a regional charity organization that is basically basking in the glory that is the RazorBacks in this state.  How hard is it to run this? Razorback access and feeding children it is like printing money.

Btw i do not mean to single this particular charity out i am just jaded seeing and hearing about all the charities out there and churches etc. where people have IMHO abused the system, greed on the highest level, but again that is what we are about now i guess.
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Grizzlyfan

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Re: HogFest to Kickoff Spring Game
« Reply #30 on: April 12, 2017, 02:15:51 pm »

First of all, you will note that the term "non" profit does not appear in the tax code.  The term that is used is "not for profit".  Meaning the organization is not designed to throw off profit for the owner(s).  The organization is formed for the purpose of raising money to be distributed for a charitable or philanthropic purpose.  It doesn't mean the organization should not attempt to maximize their income so they can, in turn, maximize their purpose.  Quality not for profits should have high level, well compensated management.  For one thing it keeps them honest.

Are many charity operators crooks?  Of course they are.  But most are not.  And there are organizations that evaluate and rate not for profits to make sure they are maximizing their mission and minimizing costs as a % of income.  If people put in just a minute amount of effort they can find out which charities are for real and which are bogus.
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jkstock04

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Re: HogFest to Kickoff Spring Game
« Reply #31 on: April 12, 2017, 02:30:23 pm »

Tough to find any "charity" these days that's actually a legit organization to give to. When the people at the top are making multi millions of dollars per year I get real skeptical. From my understand St Judes is about as legit as it gets but really I'm not sure.

Similar to giving your money to the "homeless" guy standing on the corner only to see him drive off in his vehicle to the next exit to continue his scams.

Funny story about the Shaffers, I saw them at Liquor world once a few years back. There was some panhandler in the parking lot needing $$ for his kids, he was hungry, etc. I told him hell no like I usually do those people, Rick Shaffer comes out after me and so I hang out in the truck for a minute to see what he does.

At first he declines the guy and drives off...but his guilt must have gotten the best of him cause the guy had kids and everything you know. He gives this guy however much $$$ and low and behold this dude makes a beeline inside the liquor store to buy the cheapest bottle of bourbon he can find lol...real shocker. High comedy.
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DeltaBoy

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Re: HogFest to Kickoff Spring Game
« Reply #32 on: April 12, 2017, 02:34:40 pm »

It all goes back to Danny Nutt and his terminal brain stem bleed that he recovered from after getting a big payday from Rick.
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Grizzlyfan

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Re: HogFest to Kickoff Spring Game
« Reply #33 on: April 12, 2017, 02:39:16 pm »

Tough to find any "charity" these days that's actually a legit organization to give to. When the people at the top are making multi millions of dollars per year I get real skeptical. From my understand St Judes is about as legit as it gets but really I'm not sure.

Similar to giving your money to the "homeless" guy standing on the corner only to see him drive off in his vehicle to the next exit to continue his scams.

Funny story about the Shaffers, I saw them at Liquor world once a few years back. There was some panhandler in the parking lot needing $$ for his kids, he was hungry, etc. I told him hell no like I usually do those people, Rick Shaffer comes out after me and so I hang out in the truck for a minute to see what he does.

At first he declines the guy and drives off...but his guilt must have gotten the best of him cause the guy had kids and everything you know. He gives this guy however much $$$ and low and behold this dude makes a beeline inside the liquor store to buy the cheapest bottle of bourbon he can find lol...real shocker. High comedy.
You have a very jaded view of the world.  And comparing giving some money to a guy standing on the corner to making an educated donation to a charity is pretty nonsensical.
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311Hog

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Re: HogFest to Kickoff Spring Game
« Reply #34 on: April 12, 2017, 02:42:14 pm »

It all goes back to Danny Nutt and his terminal brain stem bleed that he recovered from after getting a big payday from Rick.

^this

btw not jaded more like realistic.  it is almost impossible to trust anyone when it comes to money these days.
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