Tag: Greg Fischer

The Speed Museum’s new tax return reveals CEO d’Humières’s annual pay ($300K), and a larger window on non-profit finances

By Jim Hopkins
Boulevard Publisher

The Speed Museum is paying CEO Ghislain d’Humières more than $300,000 a year, according to its latest IRS tax return, the first public disclosure of the annual compensation paid to the man hired to lead one of Louisville’s preeminent cultural institutions, after a top-to-bottom renovation completed this year.

Ghislain dhumieres
D’Humieres

D’Humières joined the museum in September 2013 to help oversee the $60 million renovation already underway; it was finished with its reopening in March after being closed more than three years. He came from the Fred Jones Jr. Museum of Art at the University of Oklahoma, where he also was the chief executive.

The tax return says he was paid $290,553 in salary and $18,105 in medical and retirement benefits to run the 91-year-old institution and next year’s $8.3 million budget.

D’Humières replaced Charles Venable, who in October 2012 left for the top job at the Indianapolis Museum of Art. He led the Speed for five years, and was paid $241,834 in salary and $19,250 in benefits during his last year there.

IRS tax returns filed by non-profits such as the Speed provide the fullest annual public accounting of their finances, including spending on payroll, marketing and other overhead as well as revenue from donations and investment income. The Speed’s is especially noteworthy because it’s one of the city’s most high-profile arts organizations, now under d’Humières.

Comparable pay elusive

A native of France, he holds a DEA in History and License of Art History from the University of Paris I Pantheon Sorbonne, and a Master of History from the University of Paris X Nanterre.

It’s difficult to find comparable compensation for Louisville executives in his position, partly because of his unusual academic credentials, but also because IRS tax returns often lag among the city’s handful of non-profits devoted to the arts.

Actors Theatre‘s highest-paid employee, Continue reading “The Speed Museum’s new tax return reveals CEO d’Humières’s annual pay ($300K), and a larger window on non-profit finances”

Metro United Way names Fischer aide Reno-Weber as new CEO of $27M chapter

Theresa Reno-Weber
Reno-Weber

Theresa Reno-Weber comes to the United Way’s Louisville area affiliate from Mayor Greg Fischer‘s officer, where her broad portfolio included a 200-person staff responsible for strategy, human resources, IT and other functions. She’s been Fischer’s Chief of Performance and Technology since 2012.

Her appointment as president and CEO is effective Jan. 1, United Way said in a press release today.

Reno-Weber is replacing Joe Tolan, who is retiring in December after 30 years, including the last 15 as chief executive. She was picked by a succession planning committee of current and former members of the board of directors.

Before the mayor’s office, Reno-Weber was a senior consultant for management advisory giant McKinsey & Co. from 2008-2012, according to her LinkedIn profile. She graduated from the Coast Guard Academy in 2000 with a bachelor’s in public policy and international relations. After working six years for the Coast Guard, she earned a master’s in public policy and international security at Harvard’s Kennedy School of Government in 2008.

Metro United Way’s budget was $26.6 million in the year ended April 30, 2015, vs. $28.1 million in the prior fiscal year, according to the most recent IRS tax return posted on its website. It had 94 employees, and reported $26.7 million in contributions for the period vs. $27.4 million in the prior fiscal year. Here’s its GuideStar page with previous IRS returns and other information.

Joe Tolan
Tolan
Tolan’s pay: $280K

The chapter didn’t disclose Reno-Weber’s compensation; we’ve asked for that information, and will update this post if we hear back. Tolan was paid $229,200 in salary plus $50,714 in other benefits in fiscal 2014, according to the IRS return. The other highest-paid employees were Gilbert Betz, chief strategic officer, $131,939 salary and $34,021 in benefits; and CFO Phillip Bond, $123,843 and $67,095. Here’s the staff roster.

United Way focuses on helping kids and families with basic needs such as childcare and after-school activities in seven counties Kentucky and southern Indiana counties: Jefferson, Bullitt, Oldham, Shelby, Clark, Floyd and Harrison. Here’s the list of agencies it funds; read more in its annual report.

The selection committee’s members were board chair Jane C. Morreau; James Abruzzo, J. Barry Barker, Joseph Brown, Mary Gwynne Dougherty, Chris Hermann (chair elect), Mark Kristy, Tim Sanders (UAW and Central Labor Council), Justin M. Suer, and Vincent T. Walker. Here’s the current board of directors.

In FoodPort’s sudden failure, a rare defeat for Louisville’s blue-chip philanthropists: the Brown family

FoodPort rendering 600
An aerial rendering of 24-acre site at 30th Street and Muhammad Ali Boulevard.

By Jim Hopkins
Boulevard Publisher

For the past two years, developers of the West Louisville FoodPort worked mightily to bring urban farming and as many as 250 good jobs to the heart of a neighborhood yearning for a better future. Mayor Greg Fischer said the project would “change the look and feel of Russell forever.” Their ambitious, $35 million plan was going so well, one of the world’s foremost advocates of organic food paid a headline-grabbing visit last year: Prince Charles, heir to the British throne.

Stephen Reily
Reily

But yesterday, the entire enterprise collapsed when the non-profit developers, Seed Capital Kentucky, abruptly announced they’d lost a linchpin partner, and without enough time to find a replacement. “We don’t have a way to put it together,” Seed Capital co-founder Stephen Reily said. “We are deeply disappointed.”

Many, many other people were disappointed as well: the mayor, who’d pushed the project as a centerpiece for revitalizing the Russell neighborhood, only to see it steadily scaled back amid community infighting; some 150 residents who helped shepherd the project past months of political hurdles, and the Russell councilwoman, Cheri Bryant Hamilton, “heartbroken” last night over its failure, The Courier-Journal said.

But less publicized was the distress almost certainly felt by a high-profile Louisville family who had invested heavily in its development: the Browns, founders of the spirits giant Brown-Forman. It was an unusual defeat for a family that’s often in the vanguard of high-profile causes ending in resounding success.

Christy Brown
Brown

The Browns were there at critical junctures for the FoodPort, including last year’s goodwill tour by Prince Charles and his wife Camilla, the Duchess of Cornwall. In a speech at the Cathedral of the Assumption on that overcast Friday in March, the CJ reported at the time, “the prince credited his visit to the persuasive powers of Louisville philanthropist Christina Lee Brown, matriarch of the family that controls Brown-Forman.”

Indeed, in 0ne photo with the newspaper’s online story, the unidentified woman in an orange coat and strands of pearls, beaming in the royal couple’s wake during one of their walkabouts, is Christina, known to many in Louisville as Christy.

Augusta Brown Holland
Holland

As one of the city’s best-known philanthropists, she and her immediate family have formed the core of the extended Brown family’s support of Seed Capital. Her daughter, Augusta Brown Holland, an urban planner and investor, is one of the non-profit’s six board members. Another daughter, Brooke Brown Barzun, has a more direct line to Buckingham Palace: Her husband, Matthew Barzun, is U.S. Ambassador to the United Kingdom.

A tale of IRS tax returns

The Browns donate multimillions of dollars annually to charities from coast to coast, although especially in Louisville. But they don’t often seek attention for their contributions.

Prince and Christina 300
On the CJ: Camilla, Christy and Charles.

In fact, Seed Capital only hints at the family’s hefty financial support,
on a difficult-to-find page of its website with a barebones alphabetical roster of “funders.” Of the 16 names listed, six are Brown family members or their personal charitable foundations. A seventh is the source of their $6 billion fortune: Brown-Forman, the nearly 150-year-old producer of Jack Daniel’s and other well-known brands. And an eighth, the Community Foundation of Louisville, is home to at least 10 individual Brown donor-advised funds.

Brown family foundation public IRS tax returns fill in details. In 2012-2015, six of the foundations donated a combined Continue reading “In FoodPort’s sudden failure, a rare defeat for Louisville’s blue-chip philanthropists: the Brown family”

 

Developers of the 111 Whiskey Row complex on West Main Street are close to signing the first tenant lease, according to project officials and Mayor Greg Fischer, who gave an update yesterday on progress there. Plans call for four or five lower-level restaurants, 13,000 square feet of second-level offices, and a dozen apartments on the upper floors, The Courier-Journal says. Brown-Forman and the other developers hope to finish work by next summer.

Ali Center presser

10:40 a.m., the Muhammad Ali Center. CEO Donald Lassere is visible on a TV cameraman’s video monitor as he tells a press conference the UPS Foundation has donated $500,000 to the museum honoring the Louisville native.

The gift will fund the center’s education initiatives, including UCrew, Generation Ali, its Character Education Program “Creating Our Future,” and the Muhammad Ali Center Council of Students. More about the Ali Center.

The UPS Foundation is the charitable arm of the shipping giant, which has 22,000 workers in Louisville — the city’s single-biggest employer. More about UPS and about its foundation.

Mayor Greg Fischer was there, too. But one of the most important people present — maybe the most important — wasn’t publicly acknowledged at all: Brown-Forman heiress Ina Brown Bond, one of the Ali Center’s main movers.

Ali Center to disclose ‘significant’ gift this morning

Muhammad Ali Center logoThe 10-year-old museum downtown said the contribution will “continue the special legacy of the late, great Muhammad Ali.”

The Muhammad Ali Center will announce the gift and introduce the donor at a 10:30 a.m. press conference at the 144 N. Sixth St. museum. CEO Donald Lassere and Mayor Greg Fischer will be there.

The Louisville native, prize fighter and humanitarian died June 3 in Phoenix, his primary home, after battling Parkinson’s disease for decades. He was 74. Ali was buried in Cave Hill Cemetery a week later amid a celebrity-studded memorial service.

The $80 million Ali museum has struggled at times, with frequent top staff changes, occasional budget issues, and facility setbacks that included long delays in opening an adjoining plaza and a pedway connection to the Riverfront Plaza/Belvedere, The Courier-Journal said in advance of the center’s 10th anniversary in November.