"The Hidden World of Nonprofits" in Minneapolis 2011
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The document discusses nonprofits and provides an in-depth case study of the Orange County Performing Arts Center (OCPAC). It notes that nonprofits operate in many sectors including healthcare, education, and culture. It then details information available about nonprofits through Form 990 filings and other sources. The case study describes how OCPAC was founded in 1979 and opened performance venues over the decades, but ran into financial troubles in the late 2000s requiring bonds and restructuring.
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"The Hidden World of Nonprofits" in Minneapolis 2011
- 1. The Hidden World of Nonprofits Ronald Campbell [email_address]
- 2. Ron is a staff writer for The Orange County Register where he pioneered the paper’s computer-assisted reporting program. He has investigated charities, penny stocks, immigration and the buying and selling of human body parts. Campbell RONALD mug
- 3. Nonprofits are everywhere – in health care, education, culture, the economy – everywhere except the news . HIDDEN IN PLAIN SIGHT
- 5. Your new best friend Big piece of art
- 6. Minnesota: a hotbed of nonprofits Big piece of art
- 9. Filing thresholds for 990 vs. 990-EZ 2008 2009 2010 Receipts $1 mill. $500k $200k Assets $2.5 mill. $1.25 mill. $500k THE MONEY TRAIL, CONT.
- 12. Great information, starting at the top Big piece of art
- 13. A hint of what’s to come Big piece of art
- 14. Life, the universe and everything Big piece of art
- 15. Anatomy lesson: the checklists Big piece of art
- 16. More questions, more answers Big piece of art
- 17. Who’s in charge here? Big piece of art
- 18. Money, money, money! Big piece of art
- 19. But wait -- there’s more! Big piece of art
- 20. How the money rolls in Big piece of art
- 21. Where all the money goes Big piece of art
- 22. Balance sheet: the assets Big piece of art
- 23. Balance sheet: liabilities and endowment Big piece of art
- 24. It started with a lima bean field, became “an international shopping destination,” and then … CASE STUDY: ORANGE COUNTY PERFORMING ARTS CENTER
- 25. Performing Arts Center, opened August 1986 Big piece of art
- 27. Concert hall, opened September 2006 Big piece of art
- 28. OCPAC’s board members and donors represent the power structure of the nation’s sixth-largest county. They include the billionaire co-founder of Broadcom and owner of the Anaheim Ducks hockey team (right), a former ambassador to Spain, many millionaires and corporate executives, even a onetime aide to former President Nixon. Central Heavy hitters mug
- 29. Before the fall … Big piece of art
- 30. Big piece of art
- 31. Ugly bottom line Big piece of art
- 32. Troubled balance sheet Big piece of art
- 33. Six-figure carpenters Big piece of art
- 34. Investments in 2009 (top) and 2010 (bottom) Big piece of art
- 35. Culture with a $240 million price tag Big piece of art
- 37. Big piece of art
- 38. EMMA search Big piece of art
- 39. $240 million bond issue Big piece of art
- 40. Digging deeper: Continuing disclosures Big piece of art
- 41. Chapman finances, 2005-2010 Big piece of art
- 42. The sounds of prosperity Big piece of art
- 43. Chapman on EMMA - the search Big piece of art
- 44. Chapman EMMA results Big piece of art
- 45. Big piece of art
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Editor's Notes
- Use “Advanced Search” to search by state, city, ZIP, keyword, category or income range.
- The IRS has revoked tax-exempt status for tens of thousands of nonprofits that failed to file the 990-N “e-Postcard”.
- Nonprofit board members, listed on the 990 Part VII, make great fodder for stories about a community’s power structure.
- The CUSIP # is a universal identifier for municipal bonds.
- EMMA is the municipal bond world’s counterpart to EDGAR, the online disclosure tool for publicly traded stocks.
- If you know the CUSIP, you can enter it here. Or click on the “Advanced Search” button to get more options.
- The issuer is typically a public agency. The obligor is the nonprofit that will eventually repay the bonds.
- A bond prospectus like this one is far more detailed than a 990; it typically contains an audit and financial projections.
- The level of continuing disclosure varies. Some release audits. Others say very little.