Friday, April 28, 2006

* Banter That Didn't Get Censored on RPR - Updated

Pamela said...
"Hugh -- I requested an annual report from DevCorp. Here is what I got in response:"

We don't have a written annual report. We do present an oral annual report at our annual meeting which is held in June. We don't have an exact date yet, but I can let you know when it is scheduled if you are interested in attending.
Sandi Price
Director of Operations
DevCorp North

Pamela asked...
"So where do I go to see the financials since they claim they don't put it in writing?"

Hugh gleefully replied...
"Thank you for you efforts to hold DevCorp North accountable. I'm sorry to hear you are having problems with them. This claim is not tenable.

Presumably, their Board approves their budget, and it is impossible to believe they do it after an oral presentation.

Making half-million dollar budgets of taxpayer money disappear without an annual report is deeply disturbing.

You may have better luck if you are more specific in your request. You are legally entitled to their disclosure forms to the IRS for the last three years. For more information on your rights, please see:

FAQs About the Exempt Organization Public Disclosure Requirements

If you request these disclosures and are denied, it is a serious violation of federal law, and should be reported to the IRS (see FAQ #12).

Many legitimate not-for-profit organizations with web sites choose to fulfill their legal requirement to share their disclosures with the public by posting them on their web site."


Update #1:
At 9:08 PM, Pamela said...
"Sandi at Devcorp wrote back that I can get copies of their Form 990. I have to mail a check for the copying cost (under $5) or I can swing by and pick it up, which I will do, but not til late next week. Will follow up then."

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