Planned Parenthood Federation of America audit revealed over $62 MILLION paid in employee compensation
An Independent audit on Planned Parenthood Federation of America published December 5, 2014 by KPMG, revealed some interesting facts.
KPMG’s Charities practice audits over 200 charity clients nationwide and work with many other charities in a tax or other advisory relationship.
Planned Parenthood received half a billion dollars from the federal taxpayer annually. They are the nation’s largest provider of abortions in all trimesters ranging in the hundreds if thousands of babies killed every year according to their own records. In addition, Planned Parenthood has been accused by the group The Center for Medical Progress for selling the body parts of babies they abort, some alegedly still alive when they are “procured.”
By June of 2014, PPFA’s total assets totaled: $367,254,551.
Planned Parenthood’s total contributions and grants for 2014, a whopping $186,178,077.
EMPLOYEE SALARIES, COMPENSATION, HEALTH AND RETIREMENT:
Total employee compensation for 2014 $62,410,804.
Salaries and Payroll taxes totaled $54,053,081 and health and retirement benefits totaling $8,357,723 in 2014.
An increase from the $50,031.640 employee compensation for 2013, ($43,304,187 for salaries and Payroll taxes and health and retirement benefits totaling $6,727,453).
A sampling of Planned Parenthood salaries can be found here.
According to a 2015 report from American Life League’s STOPP 78 percent of Planned Parenthood’s clients receive incomes below the federal poverty level. Yet, the combined salaries of its CEOs was $11,536,408 in 2013.
The audit revealed that PPFA holds a long term debt balance for revenue bonds issued in 2012 and purchased by Bank of America in New York. The proceeds of the bonds were utilized for PPFA’s New York office space. The loan amount was $30,000,000.
As a side note, Bank of America has been the target of a Waco pro-life group who said they are hoping to convince BOA to stop matching employee funds to Planned Parenthood.
Pro-life Waco recently conducted a demonstration outside the Waco Bank of America Branch to educate the public.
“Of course our goal is to convince Bank of America to terminate its matching donation for employees who give to Planned Parenthood.” organizer John Pisciotta said.
“When the BOA capitulation finally comes, this will be another blow delivered to Planned Parenthood for their brutal, deadly, and disgraceful treatment of preborn babies,” he added.
KPMG is listed by Evaluetor as a company that funds Planned Parenthood.
An interesting note is that WESLEY A. BROWN, Managing Director for KPMG, served either as President or Chairman of the Board’s of the Denver Public Library Commission, Denver Public Library Friends Foundation, the Iliff School of Theology, as well as Planned Parenthood of the Rocky Mountains, according to his own bio published online.
KPMG has also audited IPPF.
View the PPFA audit here.