Upon reading a recent story about Thrive in Helena, Arkansas http://talkbusiness.net/2013/09/in-helena-these-entrepreneurs-thrive-by-design/ the story seems to be the same article that appears in every magazine, newspaper, and internet site. This time they bring the issue of the long history of non-profit abuse and fraud in the county.
Hmmm, if I am reading their tax returns correctly, two of the directors received per their 1099 IRS tax filing in 2011 the amount of $38,150.00 each for a total of $76,300.00 and per their 990 filing form per line 12 salaries, benefits, and compensation are $32,614.00 and when you add them together they total $108,914.00. Per line 9 their total revenue is $117,704.00. Leaves very little money for rent, insurance, professional fees, etc. So in fact, most grant, donations, and revenues does go to pay salary and or compensation to the board members.
Like that quote from the Movie Sister Act "You better wake up and pay attention."
Hmmm, if I am reading their tax returns correctly, two of the directors received per their 1099 IRS tax filing in 2011 the amount of $38,150.00 each for a total of $76,300.00 and per their 990 filing form per line 12 salaries, benefits, and compensation are $32,614.00 and when you add them together they total $108,914.00. Per line 9 their total revenue is $117,704.00. Leaves very little money for rent, insurance, professional fees, etc. So in fact, most grant, donations, and revenues does go to pay salary and or compensation to the board members.
Like that quote from the Movie Sister Act "You better wake up and pay attention."
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