Monday, March 22, 2010

WMC Campus Tax Exempt status on the agenda for Council Work Session

Tuesday, March 23  5:30 p.m. in Rouss City Hall, Council Chambers


One of the items on the agenda:
O-2010-12: Ordinance 

AN ORDINANCE TO DENY THE APPLICATION OF WINCHESTER MEDICAL CENTER FOR TAX EXEMPT STATUS BY CHARITABLE ORGANIZATION PURSUANT TO 27-33 OF THE WINCHESTER CITY CODE  (pages 16-22)

[This is a blanket exemption request for the entire campus] 



Financial Impact:
At the City of Winchester's current tax rate of $0.77 and the property having an assessment of $272,214,900.00, this equates to $2,096,054.73 in tax dollars.

Saturday, March 20, 2010

Salary history on the MILLION dollar CEO for a local area non-profit

Just wanted to shared the total compensation package figures of this MILLION dollar CEO for a local area non-profit institution.

2003 - $455,020

2004 - $620,432

2005 - $824,113

2006 - $730,318

2007 - $927,147

2008 - $1,036,579


Source of information for years 2003-2005 was obtained from "wherethemoneygoes.com" and 2006-2008 were the IRS990's.  Years 2006 and 2007 were just Base Compensation and Contributions to employee benefit plan and deferred comp plans.  For year 2008, the compensation package went into a more detailed breakdown.

Wednesday, March 17, 2010

Local Area area non-profit had a MILLION dollar CEO in 2008

Despite difficult economic times, pay raises were plentiful for some individuals for one local area non-profit in 2008 despite the fact they showed less money made on paper vs. 2007.

This million dollar CEO got a pay raise that was worth a total compensation package of $109,426.

631,330 - Base Compensation
 60,000 - Bonus & Incentive Compensation
 15,007 - Other Compensation
301,193 - Deferred Compensation
 29,049 - Nontaxable Benefits
==========
$1,036,579

Stay tuned to become more informed!

Monday, March 8, 2010

The former Jimmy's Steakhouse Restaurant ... is there another side to that story???

Look for a local paper to have a more in-depth story about the former tenant being removed prematurely from a 20-yr option lease on the restaurant.

It was stated that two local construction companies already have contracts in place to do some work at the former local restaurant.

This source stated that after you learn more about this other side of the story, it just might make you think twice about supporting anything related to Shenandoah University.

Keep an eye on one of the local papers!