Board Director
Questions Terms of Proposed Lease
for
You know how most charitable organizations are vetted as to how
much of what they collect is spent on "administrative costs" versus what they
actually spend on "charitable" work?
The Foundation Assisting Seniors HAS NEVER
issued a public financial report showing their ...
"administrative
expenses", "charitable spending", or
"financial reserves".
I asked for that documentation two months ago when we started
considering the lease and affiliation agreement.
The lease has not been signed to date
because it needs some rewriting.
One item of specific concern is a rental payment in
the agreement.
Originally drafted during the PRIOR
board administration, the Foundation would pay Sun
City Anthem $1,000 per month for the use of their
facilities...
...however....the $1,000 rental payment would THEN BE DONATED back to the
Foundation.
Sun City Anthem is a not- for-profit corporation, and therefore
the "donation" would not have any tax savings to unit
owners.
Considering how much the Foundation collects from
us...
(monthly bingo games, various raffles setting up tables in Sun City
Anthem facilities, and attempting to solicit
donations from a number of community clubs)...
...and...
... that they are now an "outside" group
also servicing other communities, they should provide a financial report.
All other leases signed by past boards took place AFTER financially vetting the outside
firm.
Rumor has it that the Foundation is very "generous" in what it
spends on meals, etc for it's trustees.
It is my opinion there is no legitimate reason for not
providing financial statements nor for the Foundation to be exempt from a
monthly rental amount.
Carl
Weinstein
Board Director
Sun City Anthem
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We would like your
comments.
Should this lease agreement be
accepted?
Should any rental income derived be
donated back to the Foundation?
Let us know.
Send them
to:
It's wonderful that someone, Carl Weinstein, Board Director, Sun City Anthem, one of my favorite board members, has been watching for us!
The administrative cost of donations to any charitable organizations must made public!
Full transparency equals Full support. No exceptions.
There is No excuse for hiding the truth.
Just another Bellagate looking for a place to happen.
PLEASE FORWARD THIS TO JIM MAYFIELD, AND IF THERE ARE THINGS SOME OF US OUT IN THE “RETIRED’ WORLD CAN HELP HIM WITH THAT DON’T TAKE TOO MUCH TIME/MONEY ETC, HE SHOULD SEND OUT A NOTE ASKING FOR SOME HELP, OTHERWISE JUST GIVE HIM SOME MENTAL SUPPORT.
SOME OF US APPRECIATE WHAT HE IS TRYING TO DO, ALONG WITH YOU AND A FEW OTHERS YOU HAVE MENTIONED.
THANKS TO ALL
Our "opinion" is that if you will not identify yourself, your comment is unacceptable, and will be deleted.
From Dennis Nelson...to...Anthem Opinions
In regarding F.A.S. ----
YES, financial statements must be a requirement.
We should have the right to review the expenses, what expenses are spent, how officers are being compensated, etc. Expenditures must be audited.
YES, rent should be paid for by FAS especially since they are now outside of SCA communities.
And NO, SCA should not donate the money back to the foundation.
Since FSA serves multiple communities, they should consider renting outside of SCA.