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Neal Barton's POV

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POV

POSTED: Wednesday, January 22, 2014 - 6:37pm

UPDATED: Sunday, April 13, 2014 - 1:58pm

The following is from Showbiz 4-1-1

If you think you're underpaid, just sit down.

As the Super Bowl approaches New York much like a blizzard, here are some things to think about:

  • In 2012, NFL commissioner Roger Goodell was paid $29.5 million to run the organization. And that's not all. The NFL, if you didn't realize it, exists as a 501 c 6 organization. It's not for profit!

In order to have that status, the NFL must be run as a charitable foundation. In 2012, they gave away a meager $2.3 million. Almost all of it, $2.1 million, went to the NFL Hall of Fame.

Goodell made 15 times what the group donated to other charities. And what's even more crazy, Goodell's salary is one-tenth of what the NFL claimed in total assets for 2012, $255 million.

But, here's something even crazier, the NFL only made charitable donations equaling one-one hundredth of their annual income.

Here are the stats:

  • NFL's most recent Form 990 filed with the IRS ended on March 31, 2012.
     
  • They claimed revenue of $255 million, up from $240 million in 2011. 
     
  • NFL has assets of over $822 million.

Under "grants," meaning donations to other non profit organizations, the NFL did increase the number from just over $900,000 to $2.3 million. That's generous right? However, their total salaries increased by $27 million to a total of over $107 million.

Here's the best part, after all that, thanks to creative thinking, the NFL claims it finished the year in the red with negative $316 million.

What else did they spend money on? Well, for one thing, new office construction cost $36 million.

Last time I looked, the president, not the liberals, were going after the NFL for income disparity.

Hmm?

That's my point of view, what's yours?

You can e-mail me at pov@ketknbc.com or Facebook me at KETK Neal Barton.

Comments News Comments

Making winners and deciding losers is not only the domain of the NFL, the IRS has been doing it for years. Tax law decides few elections in a nation where half don't pay tax, but for the few, we must compete in a rigged game where govt. decides who succeeds by ever changing tax code. Mapping the failure of a lobbyist's competitor, agenda driven by the lack of insider trading rules for congress, govt. unfettered and exponentially expanding, is not the partner of free enterprise; it's the killer.

Like Hollywood and their tax shelters the government gives them, the NFL just loves all the free stuff.

But it is not 'free'. WE, the tax payers, pay for it.

That type of spending and attitude is pandemic in US businesses today. My republican congressman Hensarling, voted for H.R. 1135, the “Burdensome Data Collection Relief Act,” it would have repealed section 953(b) of the Dodd-Frank Act which requires businesses to disclose a ratio of the median compensation of all employees to the compensation of the Chief Executive Officer.

http://www.moneynews.com/Robert-Feinberg/House-SEC-bill-Dodd-Frank/2013/...

What a bigoted anti-Semitic comment. Henserling, Dodd, Frank; all Semites.

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