Best Buddies was my first job out if college in 1994 and the experience, opportunities and friendships that it created for me had shaped the way I feel as a professional in the world. It also directed me toward getting my graduate degree in nonprofit management. Being there for what was the beginning of this tremendous organization is a source of pride that I will always carry with me. The mission is simple and beautiful and the work that has been accomplished is inspirational. I will always love Best Buddies and feel connected to it in a special way.
Holly Snyder Goshin
Wow, a close look at the financials is quite interesting. The organization spends an enormous amount of money on events, galas, etc...; but raises little money. A total of $ 312K was spent in 2010 on fundraising fees, and over $ 1.8M on fundraising expenses! That means their parties are awesome. The CEO makes nearly 300K a year, plus the financials note that they pay the CEO's annual membership at the Fisher Island Club. What's that you ask? Well according the Fisher Island Club website, it is the "Tropical Island Oasis with Private Beach, Golf, Tennis, Spa & Marina." It goes on to state that, "If you are looking for a world of exceptional luxury and pleasures, look no further. This exclusive private island paradise offers you world-class resort amenities including a seaside golf course, Mediterranean inspired tennis club, luxury spa, stunning beach club and marina along side luxury hotel accommodations and unrivaled service. Fisher Island Club is where only the most extravagant of lives come to vacation, play and live." Wait, there is more. The biggest expenses for Best Buddies in 2010 were the American Express at $ 588,511.00 and over $ 300K for their swanky corporate headquarters in downtown Miami. Hey, you can't the CEO to leave the private island and go to some mediocre office in Miami, do you? No, that wouldn't do at all. the Miami Tower "is the city's premier business address, the 47-story Miami Tower is also know for a world-class array of upscale amenities and personalized tenant services." I am glad to see everyone is going "first class." The most staggering line item is that the organization raised over $ 4.3M in 2010; but incurred direct expenses of $ 6.9M!!!! That is a loss of over $ 2.6M!!!!