Fast Company article: Livestrong

[Tim_sleepless]

I've heard this statement a hundred times... can anyone provide a link showing this?

I'm not saying you're wrong, I just want to see where this statement came from. There's nothing in the livestrong financials indicating the funding of a private jet reserved for Lance... but I'm assuming there's some documentation somewhere showing this.

http://www.livestrong.org/pdfs/4-0/2008-2009combinedauditreport page 27 og the 2008/09 audit report.

FWIW, The Form 990 http://www.livestrong.org/pdfs/4-0/LAF-2009-Form-990explicitly lists zero expenditure on first class travel, or chartered planes. Whether you could slip "private jet fuel" through, I don't know.

 

[Race Radio]

I've heard this statement a hundred times... can anyone provide a link showing this?

I'm not saying you're wrong, I just want to see where this statement came from. There's nothing in the livestrong financials indicating the funding of a private jet reserved for Lance... but I'm assuming there's some documentation somewhere showing this.




FWIW, The Form 990 http://www.livestrong.org/pdfs/4-0/LAF-2009-Form-990explicitly lists zero expenditure on first class travel, or chartered planes. Whether you could slip "private jet fuel" through, I don't know.

in the combined audit report the 2009 travel expenses total almost $2 million ($1,922,995). For comparison, the National Cancer Coalition, with 5 times as much money raised, only claimed $108,559 in travel expenses.

 

[JRTinMA]

in the combined audit report the 2009 travel expenses total almost $2 million ($1,922,995). For comparison, the National Cancer Coalition, with 5 times as much money raised, only claimed $108,559 in travel expenses.

I believe you are comparing total travel expenses at Livestrong to the head of the NCC. The NCC numbers are pretty clear but LS doesn't break them down very well. I would guess only a few people on the staff have to travel extensively at Livestrong so that number is quite high. The 108K in expenses for the head of an organization is right in line and maybe a little low.

 

[Tubeless]

I believe you are comparing total travel expenses at Livestrong to the head of the NCC. The NCC numbers are pretty clear but LS doesn't break them down very well. I would guess only a few people on the staff have to travel extensively at Livestrong so that number is quite high. The 108K in expenses for the head of an organization is right in line and maybe a little low.

According to this article:

http://www.msnbc.msn.com/id/38540813/

LAF has 82 employees. Dividing the total travel expenditure by the # of employees yields $24,305 per person. This is very high regardless of the type of foundation - or for-profit company - you're running.

I suspect this may come out of the events side of the foundation where they ship the entire yellow-wrist-band department to various events to do hand-outs and ra-ra activities for visibility - e.g Tour of California, Tour de France etc. If I was LAF's auditor, I'd classify this "program" expense as advertising, aka "LAF awareness" or as cynics will call it "Lance Armstrong awareness".

They break out the management portion of travel in the combined audit report (page 27/33) to be $83,609 - notable is that fund-raising travel is $187,680. The rest is attributed to "program" travel.

http://www.livestrong.org/pdfs/4-0/2008-2009combinedauditreport

 

[Race Radio]

The rest is attributed to "program" travel.

Here is a good example of "Live like a rock star" program..... one of Livestrong's most popular "programs".

 

[mwbyrd]

Here is a good example of "Live like a rock star" program..... one of Livestrong's most popular "programs".

Interesting, I posted yesterday (And it's not here today....) about our President using AirForce one at the tune o 500K per flight to campaign for his 'democratic partners' all last week. At least 4 flights, $2Mil of our tax payer dollars.

Also big corporations using Private Jets and still being able to pay their execs MILLIONS in bonus while those same corporations continue to bankrupt the economy.

This bothers me a lot more than Lance using a private jet...

 

[Race Radio]

......babbble.....attempt to high jack into political discussion
.........
This bothers me a lot more than Lance using a private jet...

This is a cycling forum, not a politics forum.

I have yet to read anyone having an issue with Lance using a private jet....they just do not want charity contributions paying for it. Livestrong's travel expenses are absurdly high for the size of their budget. Some people would actually like to see some of the money go to something tangible....not too much to ask.

 

[PhilChambers]

in the combined audit report the 2009 travel expenses total almost $2 million ($1,922,995). For comparison, the National Cancer Coalition, with 5 times as much money raised, only claimed $108,559 in travel expenses.

Hi,

LiveStrong is more of an international charity than the National Cancer Coalition. It's travel expenses will reflect that.

 

[Race Radio]

Hi,

LiveStrong is more of an international charity than the National Cancer Coalition. It's travel expenses will reflect that.

this does not explain why with 20% of the revenue their travel costs are 2000% higher

 

[PhilChambers]

this does not explain why with 20% of the revenue their travel costs are 2000% higher

The charity went on a world tour last year. That's also to be factored in.

 

[Race Radio]

The charity went on a world tour last year. That's also to be factored in.

You are kidding right? The world Tour was a series of paid appearances by Armstrong

Is this BPC again?

 

[PhilChambers]

You are kidding right? The world Tour was a series of paid appearances by Armstrong

Is this BPC again?

Don't know what the last bit means, but it was a lot more than just speeches. LAF are doing programs with governments around the world and they cashed in on the story of Armstrong's comeback. Of course they're travel expenses are going to go up.

 

[Race Radio]

Don't know what the last bit means, but it was a lot more than just speeches. LAF are doing programs with governments around the world and they cashed in on the story of Armstrong's comeback. Of course they're travel expenses are going to go up.

You mean like the Tour of Ireland or TdU?

The fact is the GCI amounted to nothing. They did even start it until after the fiscal year they spent the $2,000,000 so it would have no effect on that number.

 

[PhilChambers]

You mean like the Tour of Ireland or TdU?

The fact is the GCI amounted to nothing. They did even start it until after the fiscal year they spent the $2,000,000 so it would have no effect on that number.

Maybe that was the ground work.

 

[JRTinMA]

You are kidding right? The world Tour was a series of paid appearances by Armstrong

Is this BPC again?

Wouldn't Phil Chambers almost be too obvious? It could only be outdone by B.PhilChambers