It appears that we’ve touched a nerve with a few folks
regarding our WWP post. Good.
Here’s some more information for WWP based upon data that we
could pull from their website, Feel free to review.
For 2014: WWP, brought in $342,066,114. Almost 350 Million
dollars.
Now, how did they spend that money (page 3/76 of the 2014
form 990 listed above)
Alumni: $37,913,075
Combat Stress Recovery: $27,946,118
Soldier Ride: $16,033,248
Other Program Services: $107,665,659
This means that 55.42% of the money raised actually went to
helping wounded vets. (We're going to do our best to dig into the "other
services."
Let’s look at page 10 of the tax for – the expense report.
Compensation and benefits for WWP employees and directors:
$37,826,382. Just interesting. The employees and directors get more than
everything besides the alumni association. And that’s a small difference
between the two.
A few other interesting facts:
• $6.5 million for office expenses
• $4.7 million for Occupancy
• $2 million for I.T.
• $7.5 million for travel
• $26 million for Conferences, conventions and meetings.
A few folks have responded saying that the numbers at 55-59%
are not such a bad thing. Surprisingly (according to
charitynavigator.com).
90% of the charities out there spend 66% or more of their money on the specific
program.
• At the end of FY2010, WWP had an unused balance of $8.5
million
• At the end of FY2011, WWP had an unused balance of $36.3
million
• At the end of FY2012, WWP had an unused balance of $101.4
million
• At the end of FY2013, WWP had an unused balance of $175.5
million
• At the end of FY2014, WWP had an unused balance of $248.3
million
We're fairly sure at PBF that a quarter of a billion dollars
could really help out wounded warriors Are they attempting to open the first
bank and trust of Wounded Warriors?
WWP has helped some service members. (Obviously, or this
would be a complete fucking scam.) We also get that there are costs to have
good people leading an organization. It appears to us that WWP is using
patriotic Americans to support themselves. The real challenge comes in – is
this organization using wounded Vets to support THEIR lifestyles. Are they
doing enough to address the cause?
There are numerous anecdotal stories of this organization
sending out hats and other promo to wounded vets. There are also the socks sent
to guys with no legs. Dafuq is this shit?
There are many organizations that try to keep the expenses
to a minimum while supporting the actual cause. We will do our best in the
future to highlight these organizations as many people are requesting such
information.