by Gary Snyder
The past month has been horrid for the Global Fund to fight Aids, Tuberculosis and Malaria. Now it is getting worse. One story claimed that up to two-thirds of some grants went astray, with “astonishing” corruption in some cases. It cited faked invoices, phony training events and other abuses, chiefly involving health ministries in some African countries. That was nothing new with evidence of the misuse of $34 million paid out in Mali, Mauritania, Djibouti and Zambia . Germany, Spain, Sweden and the European Union said they would freeze payments into the Global Fund pending their own inquiries. But few stories have shared the good side of the Global Fund to fight Aids, Tuberculosis and Malaria efforts. It claims to have saved at least 7 million lives, and many more millions of lives have been improved, and mortality rates in the diseases it targets have dropped sharply. The fund’s approach to allocating aid wins plaudits too: it makes countries compete for money based less on their needs than on their ability to get things done. Undoubtedly the plan will stall as a result of the corruption worries, but all are trying to right the ship.
Friday, February 18, 2011
Thursday, February 17, 2011
Trusting Amish Out Millions
by Gary Snyder
Monroe Beachy is a 77-year-old Amish man who built up much trust with the Amish people. Beachy spent a quarter-century raising $33 million from 2,600 investors, the overwhelming majority of them fellow members of the Amish community. But Beachy's investment approach allegedly had more in common with the timeless methods of Charles Ponzi and Bernard Madoff. He became treasurer of the Amish Helping Fund, a nonprofit that takes in money from investors and makes loans "in an effort to preserve the Amish way of life," the group said in a court filing. They entrusted him with $2.6 million for the charity. It all collapsed last year when Beachy filed for personal bankruptcy. He said he had lost nearly half of his investors' money. It turned out that he had been running a Ponzi scheme, a bankruptcy trustee alleged, and that he had put the money into speculative investments. As early as 1998, Beachy was insolvent, but he continued to solicit investments from new investors to repay earlier ones, the trustee said. The SEC is investigating.
Monroe Beachy is a 77-year-old Amish man who built up much trust with the Amish people. Beachy spent a quarter-century raising $33 million from 2,600 investors, the overwhelming majority of them fellow members of the Amish community. But Beachy's investment approach allegedly had more in common with the timeless methods of Charles Ponzi and Bernard Madoff. He became treasurer of the Amish Helping Fund, a nonprofit that takes in money from investors and makes loans "in an effort to preserve the Amish way of life," the group said in a court filing. They entrusted him with $2.6 million for the charity. It all collapsed last year when Beachy filed for personal bankruptcy. He said he had lost nearly half of his investors' money. It turned out that he had been running a Ponzi scheme, a bankruptcy trustee alleged, and that he had put the money into speculative investments. As early as 1998, Beachy was insolvent, but he continued to solicit investments from new investors to repay earlier ones, the trustee said. The SEC is investigating.
Tuesday, February 15, 2011
A Million $ A Year From Charity Is Not Enough
by Gary Snyder
Educational Housing Services, a nonprofit, controls more than 5,000 student rooms in Manhattan and Brooklyn. The company has certainly been charitable to its founder and president, George Scott, and his family. The nonprofit has paid him an average of $1 million a year since 2007 and loaned him $55,000 to pay off personal expenses on his American Express card—a year he raked in $926,334 - without a written agreement, filings show. The five-member board approved it and that board has done alright for itself, too. Three directors got consultant jobs, including one who was paid $143,000 for "financial consulting." The company paid Scott’s wife's firm $4.9 million in 2009 for cable, phone and Internet service to his dorms. His wife, Yun (Suki) Scott, sole owner of Student Services Inc., has reaped $15 million from her husband's charity since 2003. Educational Housing Services, which Scott founded in 1987, is the largest provider of off-campus college dorms in the city, with eight facilities.
State Attorney General Eric Schneiderman is looking at EHS' finances in an inquiry that records show began last year. His charities bureau has ordered EHS to provide "clarification and documentation" on "various issues." A spokesman for CUNY, which refers students from six colleges to EHS dorms, said the school was "deeply concerned about the allegations."
Educational Housing Services, a nonprofit, controls more than 5,000 student rooms in Manhattan and Brooklyn. The company has certainly been charitable to its founder and president, George Scott, and his family. The nonprofit has paid him an average of $1 million a year since 2007 and loaned him $55,000 to pay off personal expenses on his American Express card—a year he raked in $926,334 - without a written agreement, filings show. The five-member board approved it and that board has done alright for itself, too. Three directors got consultant jobs, including one who was paid $143,000 for "financial consulting." The company paid Scott’s wife's firm $4.9 million in 2009 for cable, phone and Internet service to his dorms. His wife, Yun (Suki) Scott, sole owner of Student Services Inc., has reaped $15 million from her husband's charity since 2003. Educational Housing Services, which Scott founded in 1987, is the largest provider of off-campus college dorms in the city, with eight facilities.
State Attorney General Eric Schneiderman is looking at EHS' finances in an inquiry that records show began last year. His charities bureau has ordered EHS to provide "clarification and documentation" on "various issues." A spokesman for CUNY, which refers students from six colleges to EHS dorms, said the school was "deeply concerned about the allegations."
Monday, February 14, 2011
Postal Going Postal?
by Gary Snyder
According to a Postal Service Inspector General, Postal Service employees "did not comply with prescribed travel policies resulting in over $600,000 in excessive travel costs for lodging and airfare in FYs 2009 and 2010." One Postal Service employee used his government travel card at adult entertainment establishments more than 50 times. Another paid for an Apple computer and his mortgage. Three others purchased airfare tickets (including tickets to Spain and Italy) for family and friends. At the time of the audit, there was more than $37 million in open credit associated with cards of former employees.
According to a Postal Service Inspector General, Postal Service employees "did not comply with prescribed travel policies resulting in over $600,000 in excessive travel costs for lodging and airfare in FYs 2009 and 2010." One Postal Service employee used his government travel card at adult entertainment establishments more than 50 times. Another paid for an Apple computer and his mortgage. Three others purchased airfare tickets (including tickets to Spain and Italy) for family and friends. At the time of the audit, there was more than $37 million in open credit associated with cards of former employees.
Thursday, February 10, 2011
A Shameful Police Association Needs Policing
By Gary Snyder
Lt. Paul Page, the former chairman of the Las Vegas Metropolitan Police Managers and Supervisors Association is accused of misappropriating tens of thousands of dollars in union funds. One example, Page, the union's chairman since 2004, would buy computers and luxury office equipment annually, use them at his home and, after a year, turn them over to the union. His union placed him on paid administrative leave in November and in January his union members voted against filing a criminal complaint against him. In December after working 18 years as a police officer, the Public Employees’ Retirement System approved Page for disability retirement. No doubt, Page was a member of the PERS board, but now his position with PERS is listed as vacant. His disability has not become public.
Page knows a little something about fraud, since he is a certified fraud specialist. Prior to taking over the full-time job at the union, his assignments included working as a detective with the special investigations and criminal intelligence sections. With what they have paid for lawyers and auditors, the union, which represents 450 sergeants, lieutenants and captains, wants restitution. Despite the union members vote, the new union board chairman said that he remains undecided, after several months, whether to ask for prosecution as the internal investigation continues. (ReviewJournal)
Lt. Paul Page, the former chairman of the Las Vegas Metropolitan Police Managers and Supervisors Association is accused of misappropriating tens of thousands of dollars in union funds. One example, Page, the union's chairman since 2004, would buy computers and luxury office equipment annually, use them at his home and, after a year, turn them over to the union. His union placed him on paid administrative leave in November and in January his union members voted against filing a criminal complaint against him. In December after working 18 years as a police officer, the Public Employees’ Retirement System approved Page for disability retirement. No doubt, Page was a member of the PERS board, but now his position with PERS is listed as vacant. His disability has not become public.
Page knows a little something about fraud, since he is a certified fraud specialist. Prior to taking over the full-time job at the union, his assignments included working as a detective with the special investigations and criminal intelligence sections. With what they have paid for lawyers and auditors, the union, which represents 450 sergeants, lieutenants and captains, wants restitution. Despite the union members vote, the new union board chairman said that he remains undecided, after several months, whether to ask for prosecution as the internal investigation continues. (ReviewJournal)
Wednesday, February 9, 2011
Earmarks…good or bad for charities?
Earmarks, that dirty word, may be a relic of the past. If so, what will the effects be on charities? Nonprofit groups are waking up to the fact that when Congress stamped out earmarks, it was talking about their projects. That coupled with a proposed five-year freeze on domestic spending that would cut tens of millions of dollars that they counted on. Thousands of charities will have far less money to spend on legitimate projects. There will be far more applicants scrambling for a smaller pot of grant money. The ban on earmarks to private industry led to an eruption of non-profits closely tied to for-profit companies. Critics portray earmarks as synonymous with wasteful pork-barrel spending and there have been many sizeable abuses that have enriched an elected official. Many have been noted in Nonprofit Imperative. Many charities are struggling and do not know what they are going to do. Some lawmakers have been known to get around the earmarking process by practices known as lettermarking and phonemarking -- in which the offices of members of Congress write or call agencies to get money spent on specific projects. Only time will tell.
A Fraud With a Different Twist!!
by Gary Snyder
Newport-Mesa (CA) School Superintendent Jeffrey Hubbard and Karen Anne Christiansen are an interesting couple. Prosecutors have accused Hubbard of two counts of misusing public funds by allegedly giving Christiansen an illegal $20,000 stipend and improperly increasing her monthly car allowance. Christiansen faces more serious charges, including conflict of interest and misappropriation of funds that allegedly netted her $2.2 million. Both were former employees in the Beverly Hills (CA) Unified School District. In addition to their criminal charges, they have bantering back and forth with one another flirtatiously with sexual undertones. In his e-mails, Hubbard's last year with Beverly Hills, he called Christiansen "sweetheart," "hottie" and said "I love you" and "I adore you," according to media reports. There were also sexual references in the e-mails to Christiansen. Christiansen called herself Hubbard's beck-and-call girl, to which he replied "I love that … you can give me head (s up)." In a Sept. 29, 2005, exchange, Christiansen asks for time off because her mother died and Hubbard replies "whatever." He apologized repeatedly after she responded with "Nice sympathetic response!!!! I'm grieving for god sake." Hubbard is accused of giving her the $20,000 stipend that day. Newport-Mesa board chair, Martha Fluor, "I take it with a grain of salt," said. "They are consenting adults." They used official district channels to communicate at both school districts. What do you think? Update: A judge in Los Angeles ruled that there is enough evidence for Newport-Mesa Unified School District Supt. Jeffrey Hubbard to stand trial for alleged misappropriation of funds during his previous job as superintendent in the Beverly Hills schools district.
Newport-Mesa (CA) School Superintendent Jeffrey Hubbard and Karen Anne Christiansen are an interesting couple. Prosecutors have accused Hubbard of two counts of misusing public funds by allegedly giving Christiansen an illegal $20,000 stipend and improperly increasing her monthly car allowance. Christiansen faces more serious charges, including conflict of interest and misappropriation of funds that allegedly netted her $2.2 million. Both were former employees in the Beverly Hills (CA) Unified School District. In addition to their criminal charges, they have bantering back and forth with one another flirtatiously with sexual undertones. In his e-mails, Hubbard's last year with Beverly Hills, he called Christiansen "sweetheart," "hottie" and said "I love you" and "I adore you," according to media reports. There were also sexual references in the e-mails to Christiansen. Christiansen called herself Hubbard's beck-and-call girl, to which he replied "I love that … you can give me head (s up)." In a Sept. 29, 2005, exchange, Christiansen asks for time off because her mother died and Hubbard replies "whatever." He apologized repeatedly after she responded with "Nice sympathetic response!!!! I'm grieving for god sake." Hubbard is accused of giving her the $20,000 stipend that day. Newport-Mesa board chair, Martha Fluor, "I take it with a grain of salt," said. "They are consenting adults." They used official district channels to communicate at both school districts. What do you think? Update: A judge in Los Angeles ruled that there is enough evidence for Newport-Mesa Unified School District Supt. Jeffrey Hubbard to stand trial for alleged misappropriation of funds during his previous job as superintendent in the Beverly Hills schools district.
Saturday, January 15, 2011
A Teachable Moment in Charity Fraud
By Gary Snyder
The City of Austin has enacted rules to better scrutinize nonprofits, for good reason. The aftermath of $1.2 million embezzlement by Louanne Aponte, executive director of Family Connections, has reverberated throughout the city. The nonprofit closed in April 2010 after discovering it owed hundreds of thousands of dollars to the Internal Revenue Service and credit card companies. Aponte is also accused of stealing $183,000 from the Texas Association of Child Care Resource and Referral Agencies , where she served as volunteer treasurer, and about $6,700 from Hyde Park Christian Church , where she volunteered on the grants committee. Austin has enacted rules to better scrutinize nonprofits. Executive directors at nonprofits are reviewing their financial policies. And board members are flocking to classes to learn how to do a better job of overseeing how their organizations are run.
The city has changed the way the Austin/Travis County Health and Human Services Department handles its contracts with nonprofits. The department has hired an internal auditor to, among other things, help city staffers identify theft, fraud and other problems with contractors; ordered nonprofits to buy at least enough crime insurance to cover the loss of a city grant because of theft or fraud; and forced them to buy liability insurance to protect board members and officers from being held personally responsible for such crimes.
The city has also started verifying the licensing status of certified public accountants who perform audits for nonprofits. It now contacts auditors directly to confirm that documents submitted in their names are authentic and that they were presented to the board of directors. Investigators allege that Aponte forged audits to hide her theft, and Family Connections board members have said they received audit reports directly from Aponte rather than an auditor. The city is also requiring board chairmen to provide signed copies of minutes from a nonprofit's board meetings.
The City of Austin has enacted rules to better scrutinize nonprofits, for good reason. The aftermath of $1.2 million embezzlement by Louanne Aponte, executive director of Family Connections, has reverberated throughout the city. The nonprofit closed in April 2010 after discovering it owed hundreds of thousands of dollars to the Internal Revenue Service and credit card companies. Aponte is also accused of stealing $183,000 from the Texas Association of Child Care Resource and Referral Agencies , where she served as volunteer treasurer, and about $6,700 from Hyde Park Christian Church , where she volunteered on the grants committee. Austin has enacted rules to better scrutinize nonprofits. Executive directors at nonprofits are reviewing their financial policies. And board members are flocking to classes to learn how to do a better job of overseeing how their organizations are run.
The city has changed the way the Austin/Travis County Health and Human Services Department handles its contracts with nonprofits. The department has hired an internal auditor to, among other things, help city staffers identify theft, fraud and other problems with contractors; ordered nonprofits to buy at least enough crime insurance to cover the loss of a city grant because of theft or fraud; and forced them to buy liability insurance to protect board members and officers from being held personally responsible for such crimes.
The city has also started verifying the licensing status of certified public accountants who perform audits for nonprofits. It now contacts auditors directly to confirm that documents submitted in their names are authentic and that they were presented to the board of directors. Investigators allege that Aponte forged audits to hide her theft, and Family Connections board members have said they received audit reports directly from Aponte rather than an auditor. The city is also requiring board chairmen to provide signed copies of minutes from a nonprofit's board meetings.
Thursday, January 13, 2011
Is Haitian Fundraising Helpful or a Rip-off?
by Gary Snyder
Nonprofit Imperative has been monitoring the finances of the relief efforts in Haiti. In the last issue of NI it was noted that roughly 38% of the more than $1.4 billion donated to relief agencies and others was spent. Some charities attribute the slow expenditures to a lack of leadership from the Haitian government and the international community. Give Well (givewell.org) has done an admirably analysis and has a grade card on major disaster relief organizations based on their transparency and accountability to donors. The series of articles provides a framework for the donor to make decisions as to which agency to contribute. You may be surprised as to the results. The study’s admonition is worthy of consideration since it is general overview and not an assessment as to the quality of any organization.
Nonprofit Imperative has been monitoring the finances of the relief efforts in Haiti. In the last issue of NI it was noted that roughly 38% of the more than $1.4 billion donated to relief agencies and others was spent. Some charities attribute the slow expenditures to a lack of leadership from the Haitian government and the international community. Give Well (givewell.org) has done an admirably analysis and has a grade card on major disaster relief organizations based on their transparency and accountability to donors. The series of articles provides a framework for the donor to make decisions as to which agency to contribute. You may be surprised as to the results. The study’s admonition is worthy of consideration since it is general overview and not an assessment as to the quality of any organization.
Monday, January 10, 2011
Oh No, Not the Bowl Games, too
by Gary Snyder
Corruption and deceit seem to be watchwords for the Bowl Champion Series (aka BCS) according to the authors of Death to the BCS: The Definitive Case Against the Bowl Championship Series. In just one chapter (#3) charges are leveled on the CEO of the Alamo Bowl Derrick Fox’s testimony in front of the House Energy and Commerce subcommittee in May 2009. Fox stated before Congress, “Almost all postseason bowl games are put on by charitable groups, and since up to one-quarter of the proceeds from the games are dedicated to the community, local charities received tens of millions of dollars a year.”
The book’s authors, Dan Wetzel, Josh Peter and Jeff Passan, who used a two-year investigation of tax records, bowl contracts, university documents, and dozens of interviews with the power players of college football, to go to town destroying this argument with facts and figures:
“*The 23 tax-exempt bowls produced $186 million in revenue, including $141 million in net assets, but combined to give just $3.2 million (1.7 percent of revenue) to charity. More than half of that charity came from just two bowls, the Orange and Chick-fil-A.
*27 bowls enjoy not-for-profit status and do not pay taxes
*Not a single bowl game is run by a group that can be considered a charity. They are businesses first and foremost.
*23 bowl games with public records received $7.5 million in direct government handouts.
*The Sugar Bowl received $3 million in funding from Louisiana in 2007 and has its own lobbying firm to ensure its public financing. The organization brought in $34.1 million in revenue and gave ZERO money to charity, despite pulling $11.6 million in tax-free profit and $37 million in assets.
*Sugar Bowl executive director Paul Hoolahan received $607,500 in compensation for fiscal 2008. Associate executive director Jeff Hundley took in $375, 732.
*The Sugar Bowl cronies live lavishly spending thousands of dollars every year including, $494,177 for “entertainment” in 2005, $201,226 for “gifts and bonuses” in 2007, $330,244 for “decorations” in 2007, plus many, many more.”
The rest of the chapter deals with the ”corruption that is starting to spring up as bowls like the Fiesta are reportedly contributing to political friends and allies to protect the Cartel system.” The Fiesta acknowledges spending $4 million since 2000 “on lobbyists, trips, dinners, and golf retreats to build relationships with athletic officials who control the BCS and to garner support from politicians.” The Arizona attorney general is currently investigating the matter. The authors deride this and claim the $4 million could be sitting in coffers of colleges and universities, but instead it is wasted to protect the current BCS.
Update from EO Tax Journal: In an IRS complaint against the Orange Bowl Committee, an organization affiliated with the BCS, the BCS's Orange Bowl, which is organized as a public charity, used its charitable funds to treat Orange Bowl executives and college athletic directors to a four-day "complimentary getaway" aboard Royal Caribbean's Majesty of the Seas earlier this year. As shown by the detailed agenda, this Caribbean cruise was a junket. No business meetings were held. Attendees were instead occupied with full-day excursions to Atlantis Resort and CocoCay, a private island, according to Playoff PAC. Also there is more information on bowl spending:
Recent Orange Bowl Spending Examples
-- $331,938 on "parties" and "Summer Splash" in FYE 2004;
-- $1,189,005 on unspecified "entertainment" and "catering" in FYE
2009;
-- $1,017,322 on undifferentiated "event food" and "entertainment"
in FYE 2008;
-- $756,546 on Bowl personnel travel in FYE 2009;
-- $535,764 on "gifts" in FYE 2006;
-- $472,627 on "gifts" in FYE 2008;
-- $111,492 on "postage and shipping" in FYE 2008;
-- $75,896 on "recruitment" in FYE 2008;
-- $60,000 on "governmental relations" in FYE 2008; and
-- $42,281 on "golf" in FYE 2004 and FYE 2006.
Fiesta Bowl Spending
The Fiesta Bowl spends $331,438 per year on "Fiesta Frolic," a golf weekend for college athletic directors and Bowl officials.
• The Fiesta Bowl has doled-out $124,500 in interest-free loans to its executives.
• The Fiesta Bowl has paid $1,217,081 to Arizona lobbying firms.
• The Fiesta Bowl spent $91,020 for "travel and entertainment expenses for public officials" in FY 2009.
Another update from Rick Cohen @ NonprofitQuarterly.org where he summarizes Time Magazine and Business Week articles in which he says bowl organizations are nonprofits – and they pay their CEOs exceptionally well for their nonprofit service. Some examples include Paul Hoolahan of the Sugar Bowl at $645,386, John Junker of the Fiesta Bowl at $592,418, Rick Baker of the Cotton Bowl taking home $490,433, Derrick Fox of the Alamo Bowl earning $438,044. “These bowls are high in the execs' salaries but low on the nonprofitness scale”.
More on how others are looking at it in the NYT.
Corruption and deceit seem to be watchwords for the Bowl Champion Series (aka BCS) according to the authors of Death to the BCS: The Definitive Case Against the Bowl Championship Series. In just one chapter (#3) charges are leveled on the CEO of the Alamo Bowl Derrick Fox’s testimony in front of the House Energy and Commerce subcommittee in May 2009. Fox stated before Congress, “Almost all postseason bowl games are put on by charitable groups, and since up to one-quarter of the proceeds from the games are dedicated to the community, local charities received tens of millions of dollars a year.”
The book’s authors, Dan Wetzel, Josh Peter and Jeff Passan, who used a two-year investigation of tax records, bowl contracts, university documents, and dozens of interviews with the power players of college football, to go to town destroying this argument with facts and figures:
“*The 23 tax-exempt bowls produced $186 million in revenue, including $141 million in net assets, but combined to give just $3.2 million (1.7 percent of revenue) to charity. More than half of that charity came from just two bowls, the Orange and Chick-fil-A.
*27 bowls enjoy not-for-profit status and do not pay taxes
*Not a single bowl game is run by a group that can be considered a charity. They are businesses first and foremost.
*23 bowl games with public records received $7.5 million in direct government handouts.
*The Sugar Bowl received $3 million in funding from Louisiana in 2007 and has its own lobbying firm to ensure its public financing. The organization brought in $34.1 million in revenue and gave ZERO money to charity, despite pulling $11.6 million in tax-free profit and $37 million in assets.
*Sugar Bowl executive director Paul Hoolahan received $607,500 in compensation for fiscal 2008. Associate executive director Jeff Hundley took in $375, 732.
*The Sugar Bowl cronies live lavishly spending thousands of dollars every year including, $494,177 for “entertainment” in 2005, $201,226 for “gifts and bonuses” in 2007, $330,244 for “decorations” in 2007, plus many, many more.”
The rest of the chapter deals with the ”corruption that is starting to spring up as bowls like the Fiesta are reportedly contributing to political friends and allies to protect the Cartel system.” The Fiesta acknowledges spending $4 million since 2000 “on lobbyists, trips, dinners, and golf retreats to build relationships with athletic officials who control the BCS and to garner support from politicians.” The Arizona attorney general is currently investigating the matter. The authors deride this and claim the $4 million could be sitting in coffers of colleges and universities, but instead it is wasted to protect the current BCS.
Update from EO Tax Journal: In an IRS complaint against the Orange Bowl Committee, an organization affiliated with the BCS, the BCS's Orange Bowl, which is organized as a public charity, used its charitable funds to treat Orange Bowl executives and college athletic directors to a four-day "complimentary getaway" aboard Royal Caribbean's Majesty of the Seas earlier this year. As shown by the detailed agenda, this Caribbean cruise was a junket. No business meetings were held. Attendees were instead occupied with full-day excursions to Atlantis Resort and CocoCay, a private island, according to Playoff PAC. Also there is more information on bowl spending:
Recent Orange Bowl Spending Examples
-- $331,938 on "parties" and "Summer Splash" in FYE 2004;
-- $1,189,005 on unspecified "entertainment" and "catering" in FYE
2009;
-- $1,017,322 on undifferentiated "event food" and "entertainment"
in FYE 2008;
-- $756,546 on Bowl personnel travel in FYE 2009;
-- $535,764 on "gifts" in FYE 2006;
-- $472,627 on "gifts" in FYE 2008;
-- $111,492 on "postage and shipping" in FYE 2008;
-- $75,896 on "recruitment" in FYE 2008;
-- $60,000 on "governmental relations" in FYE 2008; and
-- $42,281 on "golf" in FYE 2004 and FYE 2006.
Fiesta Bowl Spending
The Fiesta Bowl spends $331,438 per year on "Fiesta Frolic," a golf weekend for college athletic directors and Bowl officials.
• The Fiesta Bowl has doled-out $124,500 in interest-free loans to its executives.
• The Fiesta Bowl has paid $1,217,081 to Arizona lobbying firms.
• The Fiesta Bowl spent $91,020 for "travel and entertainment expenses for public officials" in FY 2009.
Another update from Rick Cohen @ NonprofitQuarterly.org where he summarizes Time Magazine and Business Week articles in which he says bowl organizations are nonprofits – and they pay their CEOs exceptionally well for their nonprofit service. Some examples include Paul Hoolahan of the Sugar Bowl at $645,386, John Junker of the Fiesta Bowl at $592,418, Rick Baker of the Cotton Bowl taking home $490,433, Derrick Fox of the Alamo Bowl earning $438,044. “These bowls are high in the execs' salaries but low on the nonprofitness scale”.
More on how others are looking at it in the NYT.
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