Popular Post GreenFish Posted October 16, 2019 Popular Post Share Posted October 16, 2019 https://www.tampabay.com/news/st-petersburg/2019/10/15/former-buc-warrick-dunn-surprises-st-pete-single-mother-with-new-home/ Not sure how to paste the article. Some inspiring off the field news. Warrick Dunn built a home for a single mom. This is the 173rd home his organization has built for single moms. One of those homes was built 10 years ago for a player that eventually got drafted in the first round (Deshawn Watson). Nice to see some of these guys make positive contributions to society. 4 4 2 Quote Link to comment Share on other sites More sharing options...
JustInFudge Posted October 16, 2019 Share Posted October 16, 2019 So cool. Not shocking Watson turned into an all world man not just an athlete. 1 1 Quote Link to comment Share on other sites More sharing options...
southparkcpa Posted October 16, 2019 Share Posted October 16, 2019 Very noble but I would add his charity is quite small and less than half of all contributions go to over head. He raised around 600K in 2017 and less than 250K reached the intended target. Rent of 45K, travel expenses of 35K and other heavy overhead. A 600K charity needs office space of 4K a month? General salaries of 165K? These athlete foundations are , in all due respect to them, more self serving that not. It's complex but this has been my observation. If his charity were rated, it would receive a low rating as less than average percent of contributions reach the target market. https://projects.propublica.org/nonprofits/organizations/421545318/201803199349311910/IRS990 2 Quote Link to comment Share on other sites More sharing options...
JustInFudge Posted October 16, 2019 Share Posted October 16, 2019 38 minutes ago, southparkcpa said: Very noble but I would add his charity is quite small and less than half of all contributions go to over head. He raised around 600K in 2017 and less than 250K reached the intended target. Rent of 45K, travel expenses of 35K and other heavy overhead. A 600K charity needs office space of 4K a month? General salaries of 165K? These athlete foundations are , in all due respect to them, more self serving that not. It's complex but this has been my observation. If his charity were rated, it would receive a low rating as less than average percent of contributions reach the target market. https://projects.propublica.org/nonprofits/organizations/421545318/201803199349311910/IRS990 Tell that to the Watson family and the 172 other families that received a home through this charity.... 1 1 Quote Link to comment Share on other sites More sharing options...
playtowinthegame Posted October 16, 2019 Share Posted October 16, 2019 Warrick Dunn is a class act, and so isn't his former college roommate Charlie Ward. That was a special FSU team in Tallahassee. Quote Link to comment Share on other sites More sharing options...
JustInFudge Posted October 16, 2019 Share Posted October 16, 2019 14 minutes ago, playtowinthegame said: Warrick Dunn is a class act, and so isn't his former college roommate Charlie Ward. That was a special FSU team in Tallahassee. Yes they were. Long are the days! Good riddance! Extend Willy!!!! 1 Quote Link to comment Share on other sites More sharing options...
Losmeister Posted October 16, 2019 Share Posted October 16, 2019 23 minutes ago, JiF said: Tell that to the Watson family and the 172 other families that received a home through this charity.... pointing out systematic inefficiency is legit,. argument being that 172 coulda been morn 200... 24 minutes ago, JiF said: If his charity were rated, it would receive a low rating as less than average percent of contributions reach the target market. thats just some facts. i ondt think he impugns the intent or impact that is HAS MADE in the REACHED target market... Quote Link to comment Share on other sites More sharing options...
playtowinthegame Posted October 16, 2019 Share Posted October 16, 2019 3 minutes ago, JiF said: Yes they were. Long are the days! Good riddance! Extend Willy!!!! As long as they don't land Dino Babers. Quote Link to comment Share on other sites More sharing options...
southparkcpa Posted October 16, 2019 Share Posted October 16, 2019 32 minutes ago, JiF said: Tell that to the Watson family and the 172 other families that received a home through this charity.... Another 172 could be helped. You want to excuse the waste that’s fine. Noble cause run poorly. 2/3 of donated money is spent on admin. That is really bad in non profit terms. 1 Quote Link to comment Share on other sites More sharing options...
batman10023 Posted October 16, 2019 Share Posted October 16, 2019 1 hour ago, southparkcpa said: Very noble but I would add his charity is quite small and less than half of all contributions go to over head. He raised around 600K in 2017 and less than 250K reached the intended target. Rent of 45K, travel expenses of 35K and other heavy overhead. A 600K charity needs office space of 4K a month? General salaries of 165K? These athlete foundations are , in all due respect to them, more self serving that not. It's complex but this has been my observation. If his charity were rated, it would receive a low rating as less than average percent of contributions reach the target market. https://projects.propublica.org/nonprofits/organizations/421545318/201803199349311910/IRS990 my mom and a bunch of her friends started a charity 40 years ago to help widowed women in India (there use to be very little opportunity back then) gain job skills to make a living after their husbands died. they had something like 98% of donations go to intended use. i.e. zero overhead. Quote Link to comment Share on other sites More sharing options...
GreenFish Posted October 16, 2019 Author Share Posted October 16, 2019 1 hour ago, southparkcpa said: Very noble but I would add his charity is quite small and less than half of all contributions go to over head. He raised around 600K in 2017 and less than 250K reached the intended target. Rent of 45K, travel expenses of 35K and other heavy overhead. A 600K charity needs office space of 4K a month? General salaries of 165K? These athlete foundations are , in all due respect to them, more self serving that not. It's complex but this has been my observation. If his charity were rated, it would receive a low rating as less than average percent of contributions reach the target market. https://projects.propublica.org/nonprofits/organizations/421545318/201803199349311910/IRS990 That is a high percentage that goes to general salaries. I don’t have experience in non for profit. It does seem high. But let’s say $165k employees 3 full staff people. That’s hardly freeloading off the organization. They’ll need to cover salaries, Medicare, social security, health insurance etc. The high percentage seems to have more to do with his low fund raising than it has to do with paying high salaries or lack of efficiency. 1 Quote Link to comment Share on other sites More sharing options...
Green DNA Posted October 16, 2019 Share Posted October 16, 2019 2 hours ago, southparkcpa said: Very noble but I would add his charity is quite small and less than half of all contributions go to over head. He raised around 600K in 2017 and less than 250K reached the intended target. Rent of 45K, travel expenses of 35K and other heavy overhead. A 600K charity needs office space of 4K a month? General salaries of 165K? These athlete foundations are , in all due respect to them, more self serving that not. It's complex but this has been my observation. If his charity were rated, it would receive a low rating as less than average percent of contributions reach the target market. https://projects.propublica.org/nonprofits/organizations/421545318/201803199349311910/IRS990 I'm not privy to the details but at first glance, the expense ratio is inflated due to the low amount of contributions. It's conceivable that were they to receive $10m in contributions, the expenses could have been only marginally higher than they are now and would look a lot more reasonable. You need to have employees handling the administrative work and controlling the purse strings, so there will always be overhead. Not knowing the details it's hard to say, but there is an obvious tangible benefit being provided to worthy recipients. Doh...Ninja'd by GreenFish. 1 Quote Link to comment Share on other sites More sharing options...
JustInFudge Posted October 16, 2019 Share Posted October 16, 2019 48 minutes ago, southparkcpa said: Another 172 could be helped. You want to excuse the waste that’s fine. Noble cause run poorly. 2/3 of donated money is spent on admin. That is really bad in non profit terms. I'm not excusing anything away. The man built 172 homes for people in need. Quite frankly, if he was making money off it, I wouldnt be upset at all! 172 families have homes that didnt and that's probably a better way to earn money than what 90% of us do for a living. And like others have said, Dunn is not out there getting handouts left and right for this... 1 Quote Link to comment Share on other sites More sharing options...
Savage69 Posted October 16, 2019 Share Posted October 16, 2019 51 minutes ago, batman10023 said: my mom and a bunch of her friends started a charity 40 years ago to help widowed women in India (there use to be very little opportunity back then) gain job skills to make a living after their husbands died. they had something like 98% of donations go to intended use. i.e. zero overhead. I think all the money from the Betsy Ross t-shirts goes to Tunnels to towers families that also build houses.. 1 Quote Link to comment Share on other sites More sharing options...
GreenFish Posted October 16, 2019 Author Share Posted October 16, 2019 1 hour ago, Green DNA said: I'm not privy to the details but at first glance, the expense ratio is inflated due to the low amount of contributions. It's conceivable that were they to receive $10m in contributions, the expenses could have been only marginally higher than they are now and would look a lot more reasonable. You need to have employees handling the administrative work and controlling the purse strings, so there will always be overhead. Not knowing the details it's hard to say, but there is an obvious tangible benefit being provided to worthy recipients. Doh...Ninja'd by GreenFish. Must have beat you to it by a few minutes. Quote Link to comment Share on other sites More sharing options...
Untouchable Posted October 16, 2019 Share Posted October 16, 2019 He’s been doing it for years Dunn is a genuine great dude who actually goes out and makes a difference instead of just posting sh*t on social media about “injustices” like most pro athletes. 1 Quote Link to comment Share on other sites More sharing options...
southparkcpa Posted October 16, 2019 Share Posted October 16, 2019 1 hour ago, JiF said: I'm not excusing anything away. The man built 172 homes for people in need. Quite frankly, if he was making money off it, I wouldnt be upset at all! 172 families have homes that didnt and that's probably a better way to earn money than what 90% of us do for a living. And like others have said, Dunn is not out there getting handouts left and right for this... He draws no salary... no one is questioning his heart. 600K in donations and travel expense of 35 K and Rent of 50 K, I view as poor judgement and lack of focus. MANY donors look at stats. I went with the intention of donating, I won’t give to a 501 with less than 75 percent going to the cause and many other donors won’t either. Quote Link to comment Share on other sites More sharing options...
JustInFudge Posted October 16, 2019 Share Posted October 16, 2019 3 minutes ago, southparkcpa said: He draws no salary... no one is questioning his heart. 600K in donations and travel expense of 35 K and Rent of 50 K, I view as poor judgement and lack of focus. MANY donors look at stats. I went with the intention of donating, I won’t give to a 501 with less than 75 percent going to the cause and many other donors won’t either. Gotcha. I know nothing about this stuff. Just know he's helping a lot of people and that's cool. Maybe hit him up, see if he needs your help? Quote Link to comment Share on other sites More sharing options...
southparkcpa Posted October 16, 2019 Share Posted October 16, 2019 3 minutes ago, JiF said: Gotcha. I know nothing about this stuff. Just know he's helping a lot of people and that's cool. Maybe hit him up, see if he needs your help? I do 990s for several groups pro bono. My plate is full. Quote Link to comment Share on other sites More sharing options...
HighPitch Posted October 25, 2019 Share Posted October 25, 2019 On 10/16/2019 at 1:07 PM, southparkcpa said: Very noble but I would add his charity is quite small and less than half of all contributions go to over head. He raised around 600K in 2017 and less than 250K reached the intended target. Rent of 45K, travel expenses of 35K and other heavy overhead. A 600K charity needs office space of 4K a month? General salaries of 165K? These athlete foundations are , in all due respect to them, more self serving that not. It's complex but this has been my observation. If his charity were rated, it would receive a low rating as less than average percent of contributions reach the target market. https://projects.propublica.org/nonprofits/organizations/421545318/201803199349311910/IRS990 You bring up super valid points but I would add that this type of thing is the rule rather than the exception when it comes to charities Quote Link to comment Share on other sites More sharing options...
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