15 Foundation - New IRS Tax Form

Discussion in 'The Howard Stern Show' started by Uncle Larry, Feb 14, 2013.

  1. Uncle Larry

    Uncle Larry Well-Known Member VIP

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    The latest IRS form is attached to a filing that the foundation made with state of New York. http://www.charitiesnys.com/Registr...jsp?id={1B5D615C-E5E1-4243-BEC1-11DF5BCBBE35}

    The foundation had revenue of $161K but only made $75K worth of grants. There's a lot of money going to salaries (over $80K) - as none of the directors/officers have any salaries, the foundation is probably paying Robin's assistant or other friend(s) to do some admin work. As usual, anyone giving money to the foundation would have been better off just contributing directly to the 2 groups that the foundation funded, so money would go directly to those charities without some being used to pay the foundation's expenses.

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    Robin is the main financial support of the foundation - she actually loaned the foundation $50K in 2011, and provided 60% of its revenue. The foundation would have had a negative cash flow without Robin's loan.

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  2. Douchebag 007

    Douchebag 007 New Member

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    how cool of her to ermmmm lend money to her 'charity' - i guess we should be seeing about 50k worth of solfire gear being burnt in a trashyard
     
  3. Nurse Remulak

    Nurse Remulak New Member

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    So what your saying is if I donate $100.00 to the Foundation basically $50.00 of that gets eaten up by the foundation? Correct me if I am wrong.
     
  4. Murcielago

    Murcielago Smoke me a kipper, I'll be back for breakfast

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    !5 Foundation needs a visit from...

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  5. Kamie

    Kamie Active Member

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    That's still better than NSAL
     
  6. BudBudha

    BudBudha Male Underwear Model

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    Wow that's pathetic; what a racket.
     
  7. Douchebag 007

    Douchebag 007 New Member

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    actually a big part of it would go to Robin to pay back the loan she gave to the group so youre basically investing in fudge and lots of it
     
  8. Nurse Remulak

    Nurse Remulak New Member

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    Well why the fuck would I give $100.00 to the Foundation if they take half? I can just give the $$$ DIRECTLY TO THE CHARITIES the 15 Foundation supports. Yup. It's a racket alright.
     
  9. Phantom Lord

    Phantom Lord Well-Known Member

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    I quickly went through the 2011 return. They filed an extension and were at a net loss. They have Robin listed as President and 7 additional board members, one of which is Brendan Murphy. They also list the hours that each member spends per week working on the charity. Robin is listed at 5 hours per week. The 7 other board members are listed as working 1 hour per week. Wow that is generous. You are a board member on a charity and you have to decide, "do I spend one hour this week on The 15 Foundation or watch the new episode of The Walking Dead?"

    They like to keep their expenses in house. For instance, they paid around $3,400 for a catering service. It is a good thing the catering service is owned by one of the board members so they could save money. They also bought Brendan Murphy's douchey Soulfire T-shirts to sell. The return says they spent $7,500 on those shirts and even state that they feel this was a reasonable price. How about simply donating them if you are the board member of this charity? You are already going to write it off. Better yet, how many of those were actually sold? Lets say Brendan gave The 15 Foundation a deal and sold them the t-shirts for $6 each wholesale. That is 1,250 shirts. Did anyone honestly buy one of those.

    That is all I got through. It basically looks on paper like everyone thought. A pretentious charity with sloppy management that spends most of it's money on entertainment so the President can stroke her ego and pretend some 30 year-old boy toy ripoff artist is really into her.
     
  10. Kamie

    Kamie Active Member

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    That's why I won't donate to United Way.
     
  11. BudBudha

    BudBudha Male Underwear Model

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    whoa!

    Phantom can I hire you to set up some shell companies to hide some money :hhh:
     
  12. Nurse Remulak

    Nurse Remulak New Member

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    I am the one who sometimes gets roped into having t-shirts made at the end of projects. I can get a 100% cotton t-shirt any color/size from my supplier for $1.20-$1.40. Add a two color silkscreen of any graphic for $0.75 each. (add $0.25 for 3 or more colors) So that's basically $2.50 per shirt lets say.

    So by my calculations if they paid $7,500 for t-shirts that's roughly 3000 t-shirts wholesale. I would like to know how many t-shirts they initially received from Brendan. ;)

    p.s. And this is why when I see cotton t-shits with some graphic selling at concerts for $30.00-$50.00 bucks I fucking laugh. They cost $2.50 to make.
     
  13. skylarbrie

    skylarbrie VIP Extreme Gold

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    say it aint so , robin
     
  14. The Butler

    The Butler Well-Known Member

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  15. ohmicah

    ohmicah Real Gad About Town

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    Bababooey has got himself set up with an AIDS non-profit too. Sounds like a long term money maker with a nice salary.
     
  16. HowieStearn

    HowieStearn HateClub

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    blobin strikes again. what a bag of shit :asshole:
     
  17. itpdude

    itpdude New Member

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    There are already a million charities out there. Why contribute to another charity run by a woman who treats it like a hobby?
     
  18. TelegramSam

    TelegramSam I love Sam's cock Banned User

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    I hate to admit it, but I'd be first in line to see that movie.
     
  19. Beth143nacho

    Beth143nacho Well-Known Member VIP

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    Consider the quality of persons or groups that get those grants...

    vegan eextremists

    people that shove coffee up their ass

    A group of lovely people

    people that thinks like robin does
     
  20. Hamptons

    Hamptons Well-Known Member

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    There is a video of Brendan Murphy talking about how it cost him 1 dollar for each shirt and he sells them for 29.99 or something so assuming his competitive price is 24.99 he sold 15 foundation 300 shirts and made $7200