TOC Posted December 9, 2023 Share Posted December 9, 2023 8 minutes ago, corps8294 said: This corps expects everything to be resolved and rosey-cozy by the time tour season arrives? Maybe they are thinking that it looks like it will happen for The Big Guy and son by Nov. 24, why wouldn't it work for a "band". Link to comment Share on other sites More sharing options...
Richard Lesher Posted December 9, 2023 Share Posted December 9, 2023 7 minutes ago, scheherazadesghost said: Thanks. Have you peeped the new 2022 renewal filing? Of note are the new CFO's signature instead of the previous', the Bingo Director's address listed as the corps hall, and the VMAPA Texas Affiliate inclusion for the first time. Yea, new little things happening, but it looks like a bunch of "no substantial data". Link to comment Share on other sites More sharing options...
Richard Lesher Posted December 9, 2023 Share Posted December 9, 2023 (edited) Here is the 2022 990, found it on an independent site that publishes things before the IRS makes it available (unaudited) https://projects.propublica.org/nonprofits/organizations/237073438/202342899349302499/full Edited December 9, 2023 by Richard Lesher Link to comment Share on other sites More sharing options...
scheherazadesghost Posted December 9, 2023 Share Posted December 9, 2023 14 minutes ago, Richard Lesher said: Here is the 2022 990, found it on an independent site that publishes things before the IRS makes if available (unaudited) https://projects.propublica.org/nonprofits/organizations/237073438/202342899349302499/full I peeped that 10k bonus/incentive for the former CEO. I'm all about paying people (plural) adequately but this is a tough pill to swallow when they also indicated that the intent of the Texas Affiliate is to pay non-CA residents differently. Or am I splitting hairs? Link to comment Share on other sites More sharing options...
Richard Lesher Posted December 9, 2023 Share Posted December 9, 2023 Just picking some 2022 balance sheet numbers. Cash 104,263 Savings 43,097 Investments 458,717 Acct Payable 653,964 Mortgage 139,039 Other Liabilities 907,785 The takeaway is accounts payable is greater than all liquid assets. ********* The alumni were also given the impression the investments were not tapped. Another astronomical point of this is INVESTMENTS!!!!!!!!! is lower than the needed BINGO PAYROLL!!!!!! Form Day-1 of FY2023 SCV never had the reserves to cover down on Bingo Payroll with even a questionable source of funds, especially in that current accounts payable is greater than Cash + Savings + Investments This is what SCV came after me for, this is why I was being censored. Now................... folks.................. I have a new validated data point. Now I know the starting point of FY2023. I know it's illegal to solicit donations. I know that SCV is technically starting with a negative liquidity position. I know reserves are not sufficient to even cover current liabilities let alone any payroll needs 1 Link to comment Share on other sites More sharing options...
Slingerland Posted December 9, 2023 Share Posted December 9, 2023 Not sure whether that is more a picture of a train wreck or a dumpster fire. 1 Link to comment Share on other sites More sharing options...
Richard Lesher Posted December 9, 2023 Share Posted December 9, 2023 (edited) 4 minutes ago, Slingerland said: Not sure whether that is more a picture of a train wreck or a dumpster fire. Well, chronologically.................... since this is the close of FY2022 it's only a smoldering wreck by now. It happened a year ago. Edited December 9, 2023 by Richard Lesher Link to comment Share on other sites More sharing options...
IllianaLancerContra Posted December 9, 2023 Share Posted December 9, 2023 4 minutes ago, Slingerland said: Not sure whether that is more a picture of a train wreck or a dumpster fire. Could be both - dumpster on fire on a wrecking train. We had a term for this in the military that I won’t type out as this is a family-friendly thread. But the first word was cluster. 1 Link to comment Share on other sites More sharing options...
Richard Lesher Posted December 9, 2023 Share Posted December 9, 2023 3 minutes ago, IllianaLancerContra said: Could be both - dumpster on fire on a wrecking train. We had a term for this in the military that I won’t type out as this is a family-friendly thread. But the first word was cluster. That would be F U B A R 1 Link to comment Share on other sites More sharing options...
Richard Lesher Posted December 9, 2023 Share Posted December 9, 2023 (edited) IT IS NOW ABSOLUTE CERTAINTY THAT ILLEGAL DONATIONS EXCEED $1,000,000 Form 990 Part I Summary line 8 Contributions and grants (Part VIII, line 1h) 2020 - 171,194 2021 - 547,347 2022 - 457,855 Total Donations and Grants during the violation period is $1,176,396. Vanguard did not acknowledge its delinquent status until April 2023. The last audited financial statements are for FY2019. The above numbers are from unaudited, but filed 990's. To counter this number as false one would need to present audited financial statements validating the sources of funds fell out of the sky unsolicited. Vanguard continues to maintain its online donation channels on its website. Edited December 9, 2023 by Richard Lesher Link to comment Share on other sites More sharing options...
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