CrusaderFrank
Diamond Member
- May 20, 2009
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Here's a hint: it's a fund for scholarships, it's not supposed to lay out 100% of its net collections every year
Here's a hint: The majority of money being made isn't going towards scholarships.
From the tax return for 2006:
Supporting Statement of:
Form 990 p 2/line 22b cash
Scholarship Grants: $306,500
Grants and Contributions: $91,400
Total: $397,900
And yet, I see almost double that being spent in 2006 being spent on "Consultants." ($641,411)
Do explain that.
OK, we'll talk more same time tomorrow.