Community Reacts to
Board Member's Demand for
Foundation Assisting
Seniors Financials
We originally published an article
written by Sun City Anthem Director Carl Weinstein on
August 2, 2016 that uncovered a number of concerns as
to the Association Assisting Seniors request that they
NOT PAY Sun City Anthem any rental
subsidy.
Mr. Weinstein brought out the need to
examine that organization's financials in order to determine if such a request
was reasonable, and will likely
be brought up at the August 25, 2016 Board
Meeting.
As financial information for non-profit
organizations is public information, we uncovered the
Income Tax filings for that organization from 2011 through
2014.
As such, we had an opportunity to
examine them and after that review, we too had concerns that we
strongly believe should be addressed before any decision is
made.
Here are our
findings:
2010 2011
2012
Gross Revenue $103,664
$136,393 $81,865
Expenses
54,285 81,728 50,038
Net
Income 49,379 54,465 31,827
Total
Assets 544,542 599,156
642,261
Grants
19,613 41,701
11,958
Other Grants
0 0
0
Accounting
Fees 5,000
1,000 1,000
Investment Mgmt.
Fees
0 0
0
Golf Tournament
Net Income after
Expenses
25,246
31,278 29,257
Net Income
from Coffee Shop
0 0
0
Volunteer
Recognition
(party?)
50 6,780 6,005
2013 2014
Gross Revenue
121,201 181,057
Expenses 58,428
122,318
Net Income
62,773 58,739
Total Assets
667,205 738,761
Grants
35,124 31,267
Other
Grants 11,845
22,117
Accounting
Fees 1,000
8,800
Investment Mgmt.
Fees
0 4,645
Golf Tournament
Net Income after
Expenses
30,321 18,048
Net Income
from Coffee Shop
0 20,143
Trosper
Communications*
1,500 25,375
Volunteer
Recognition
Notes:
*Trosper Communications
is owed by a woman named Elizabeth
Trosper....she was also a 2014 Trustee for the Foundation. This firm has
to do with social media.
For the fours years reported the percentage
of administrative expenses ranged from 30-62% which
appears to be very high in relation to donations
collected.
Trustees have also been named on each
return.
Because there was such interest in this
organization, we have also reprinted the reaction of our readers and hope you
too will further comment on these findings.
As you can see, in each case, concerns
were expressed.
We also would like Director Weinstein
to let us know if any progress has been made in obtaining the information he
requested.
Note: Anthem Opinions is not a CPA
firm, but we are also aware that The Association Assisting Seniors Treasurer, Dan Forgeron, (also a former Sun City Anthem Board Treasurer) does not, hold a CPA
certification.
Also, this is in NO
WAY any attempt to condemn the Association Assisting Seniors,
only an active search to obtain a full disclosure as to its fund raising
activities, financial income, and miscellaneous expenditures in order that
individuals and organizations many feel secure in their
contributions.
Would you like a copy of the Income Tax
Returns?
Do you have an additional comment?
Let us know by sending us an email at:
There are two ways that this can be done.
One is through the written hold mail and the second way is through the online system.
I have found that the old written system is just as Robert describes.
I've also found that the online system works very well. You get a confirmation and a receipt so you know it has been done.
I have used the online system about a dozen times in the last two years and it has worked perfectly.
Maybe technology is the answer for the post office.