[fsstnotch]

Originally Posted by computerworks

I think some should go find and evaluate facts before speculating on thievery and debauchery at the Shelby Foundation.

The data is a matter of public record, and always has been.

Simply stated, the organization, as a charity, is poorly managed. There are no "coffers of cash" that are being dipped into. There is no criminal activity...they just are spending too much of the proceeds, which leaves little to bestow.

The cost of sharing the hi-rent facility they are in, the travel expenses, the operating expenses, advertising and marketing expenses are all too high for the dollar volume of donations and receipts. Assets of the corp include cars from the collection; that's not liquid cash...they are stuck with the insurance and storage expenses on their balance sheet.

All the income and expenses are a matter of public record. It comes down to a simple dilemma...they have too much overhead and not enough revenue to cover their expenses. And they only have had one 60k/yr employee..now, with 2 more admins on staff.

They are just not an efficient charity...in the very same way they are not a felonious charity.

It's not good...and has always smelled slightly...but no one is walking out with stuffed pockets...at the end of the day, there isn't much left to give to the kids.

As a charity...it's lousy...but, it is not a scam.

Ding ding ding ding! Exactly! And like I said, this is why you should always check the #'s before donating to see where the money goes. I got no problem donating.... but I'm not going to donate to a charity that takes most of my doantion just to maintain itself.

Josh