Curious Hair wrote:
Zizou wrote:
Dan used the last segment to shill for his OneStep foundation and casually dropped he is now the vice chairman and is now running the charity. I'm paraphrasing but he made it out like his involvement and continued stewardship is the main reason for its success. Dan was blubbering during most of this.
Yeah, it was a little weird and I never truly felt like we, the Boers and Bernstein listeners, had really elevated this tiny oncology charity to the titan it is today, helmed by Senor himself. It was a little odd, a little forced.
I'd like to turn one of Dan's fabled "forensic accountants" onto Children's Oncology Services. They're rated nicely by a charity watchdog I looked at, but they claim to have around $4 million in cash or cash equivalent assets, a growth of 34% from 2014, however their spending on the program itself (which I assume is the actual camp) has gone up 18%, while their management expenses went up 23.5% from 2014 to 2015.
The watchdog groups love when charities have so much in assets on reserve, but management expenses doubling the growth of program expenses sounds a little concerning, especially because they spend a ton on fundraising (their fundraising expense ratio is one of the reasons they're not rated as one of the best charities, their percentile rates a 5 out of 10 score).
But hey, it looks like they've created a retirement fund for all employees, of which I assume Dan is a willing recipient.