Shameless Charity: CEO receives more money than all of the disabled
Posted by te2ataria on October 30, 2016
HDSF pays 50% of its revenues to staff, less than 8% to disabled kids
The Halberg Disability Sports Foundation is under fire for paying out less than $200,000 a year to disabled children and their families, or about 8% of $2.5 million of revenue they raked in last year, said a report.
HDSF has been described as a “money-making machine” by informed critics, who have highlighted “the inequities between what is paid out to staff in wages and what is distributed to the disabled community.”
Staff were paid more than $1.2 million for the 2015 financial year, making a a net deficit of $49,961. It has 15 full-time workers and four part-timers. [WTF! That’s 50% of the revenue. Moderator DH]
However, CEO Shelley McMeeken, who receives a healthy pay package of $280,000 in salary and perks annually, according to unconfirmed reports, said critics misunderstood the role and business model of the foundation.
The latest set of accounts for the charitable trust show that they had a total gross income for the 2015 financial year of $2.59m. Of that, just $197,898 was paid out in grants to 362 individuals or clubs, less than eight per cent of revenue. This is in keeping with the previous two years, where grants to individuals and clubs totalled 6.9% and 7.2% of revenue.“The accounts posted on the Charities Register shows that the Halberg Disability Sports Foundation recorded 700 paid hours a week. There are no volunteer hours.
“Out of its total gross income, $287,415 was received as donations $783,269 was in government grants, $666,312 was from other grants and sponsorships, and $806,804 was in trading or service income.
“Another $49,730 was described as other investment income,” said a report.
At least one in nine (11 per cent) of New Zealanders under the age of 15 have a disability, according to the Department of Statistics.
The Biggest Black Hole of Charities in the Milking Way Galaxy
The Biggest Black Hole of Charities in the Milking Ways, also known as the American Charity Mafia, or “The Red Cross,” rakes in billions of dollars in donations, but has a payout averaging in a low single digit. For more information see links below:
- American Red Cross Haiti Relief Is Utterly Shameful! American Red Cross Rakes in US$500Million after Hurricane Matthew, but builds only 6 homes in the disaster stricken country.
- Haiti Earthquake Disaster. Red Cross Misled Congress, Refused To ‘Level With the People’ on Haiti Money. After the 2010 Haiti earthquake, the Red Cross spent tens of millions of dollars more than it has previously acknowledged on internal expenses. The Red Cross told Grassley that the money was largely spent on oversight to make sure the Haiti aid was used properly. But Grassley’s office found that the charity “is unable to provide any financial evidence that oversight activities in fact occurred.”
- Report: Red Cross Spent 25 Percent Of Haiti Donations On Internal Expenses [and the other 75 percent is missing!]
Charity Scams in Other Countries
- The Great British rake-off… what really happens to the billions YOU donate to charity: Fat cat pay, appalling waste and hidden agendas