[The first version of this article used] the 2012-2013 Wounded Warrior Project 990 Tax Forms. This updated version is using the 2013-2014 Wounded Warrior Project 990 Tax Forms. (Thank you, David Isakson, for all of your assistance) I had made some errors in my original reporting; I am not a forensic accountant and had misread some of the figures or gotten the figures from the wrong columns. I will not be making those mistakes again. The 2012-2013 and the 2013-2014 tax forms are hyperlinked, so feel free to peruse the documents for yourselves. We should not be surprised to find out that yet another ‘charity’ claiming to ‘help’ Veterans is more interested in the salaries of their executives and funding the vicious cycle of advertisement…raise funds…spend it on advertisement…raise funds…ad nauseum. But just the raw figures from their own reporting:
FOR THE YEAR 2012-1013
REVENUE: $234,682,943.00
EXPENSES: $158,073,943.00
TOTAL PROFITS:
$ 76,609,000.00
FOR THE YEAR 2013-2014
REVENUE: $342,066,114.00
EXPENSES: $248,005,493.00
TOTAL PROFITS: $ 94,060,675.00TOTAL AMOUNT GOING TO ORGANIZATIONS IN 2013: $16,849,420.00
TOTAL AMOUNT GOING TO ORGANIZATIONS IN 2014: $41,305,308.00
TOTAL AMOUNT GOING TO INDIVIDUAL VETERANS IN 2013: $853,365.00
TOTAL AMOUNT GOING TO INDIVIDUAL VETERANS IN 2014: $804,393.00Now, how about some brass tacks about what just their top three executives make per year in salaries alone, not including bonuses, retirement, and insurance.
STEVEN NARDIZZI EXECUTIVE DIRECTOR $375,000.00 in 2013
STEVEN NARDIZZI CHIEF EXECUTIVE OFFICER $473,015.00 in 2014ALBION GIORDANO DEPUTY EXECUTIVE DIRECTOR $337,500.00 in 2013
ALBION GIORDANO CHIEF OPERATING OFFICER $369,030.00 in 2014JEREMY CHWAT CHIEF PROGRAM OFFICER $218,267.00 in 2013
JEREMY CHWAT CHIEF PROGRAM OFFICER $262,750.00 in 2014These are STRICTLY the amounts and descriptions from their own tax forms. This does not even begin to cover their beautiful, modern building or the seven lawsuits that they have launched against much smaller, higher rated Veterans non-profit groups, who either used the words ‘wounded warrior’ somewhere in their name or used a silhouette of soldiers in their logos.
***But of the more than 56,000 veterans the group counts as “alumni,” meaning…
Read More: Wounded Warrior Project: Padding Their Own Pockets or Helping Vets? –
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