Is there an accountant in here?

Discussion in 'The Howard Stern Show' started by Sickboy, Aug 25, 2014.

  1. Sickboy

    Sickboy Latverian Monarch

    Reputations:
    48,234
    Joined:
    Jan 18, 2012
    Messages:
    4,196
    Likes Received:
    6,464
    I couldn't find ALS.org on guidestar, so I just put in als.org in my browser and it took me the the new york (nearest) "chapter" of this organization. I'm not positive, but it looks like that they hauled in over 2 million in the 2013 tax year (page 9), but only 12K went to ALS research (page 10)? Am reading this wrong?

    http://www.als-ny.org/pdf/Financials/ALSA-GNY-Audited-Financial-FYE1-31-13.pdf
     
    1Vegasgirl likes this.
  2. koclem

    koclem .|..O..|. VIP Banned User

    Reputations:
    11,888
    Joined:
    Jan 31, 2012
    Messages:
    7,334
    Likes Received:
    1,066
    wgaf
     
    yaddc likes this.
  3. chuk

    chuk Well-Known Member

    Reputations:
    130,781
    Joined:
    Mar 1, 2012
    Messages:
    13,718
    Likes Received:
    7,586
    psst, all charities are scams.
     
    SouthernListen and GIRLY like this.
  4. icypussy

    icypussy clit finder Gold

    Reputations:
    60,301
    Joined:
    Apr 30, 2013
    Messages:
    3,769
    Likes Received:
    4,950
    Listen to the latest Jim Florentine podcast about the whole ice bucket ALS shit, my dumb ass couldn't figure out how to post it, but Jim goes on a hell of a rant about these bullshit charities.
     
  5. reno

    reno VIP Extreme Gold

    Reputations:
    324,694
    Joined:
    Jan 10, 2012
    Messages:
    13,719
    Likes Received:
    40,631
    Don't look at me. I can't even account for myself.
     
  6. chapped

    chapped Well-Known Member

    Reputations:
    384,616
    Joined:
    Jan 6, 2012
    Messages:
    55,632
    Likes Received:
    61,906
    this
     
  7. skylarbrie

    skylarbrie VIP Extreme Gold

    Reputations:
    32,912
    Joined:
    Apr 26, 2012
    Messages:
    10,435
    Likes Received:
    6,765
    overhead cost
     
  8. MyLazyHand

    MyLazyHand Russia and France Know What to Do

    Reputations:
    162,029
    Joined:
    Sep 11, 2010
    Messages:
    15,280
    Likes Received:
    23,040
    After reviewing the financials, it appears that most of the donations went to purses, giant shoes and kitten food.

    That makes no sense to me.
     
    Last edited: Aug 26, 2014
    OV, joyceface, SouthernListen and 5 others like this.
  9. Phillip

    Phillip Well-Known Member VIP

    Reputations:
    3,824
    Joined:
    Jan 23, 2012
    Messages:
    2,827
    Likes Received:
    970
    You are indeed reading it incorrectly...temporarily restricted net assets refers to monies that they can't use until some condition is met (donated but with conditions...death, sale of an asset). If you look at the P&L on page 4, part of their liabilities (roughly 400k) goes to research. Yes, most are shady, but per the financials, they seem to be using it the right way.
     
    joyceface and RonHeinzkaboot like this.
  10. ElRexican

    ElRexican Well-Known Member VIP

    Reputations:
    2,660
    Joined:
    May 19, 2012
    Messages:
    1,451
    Likes Received:
    501
    This was posted on fb by @GSElevator


    This is the ALS Association's 2013 tax return....
    http://www.alsa.org/assets/pdfs/form-20990-20-20f2014-20irs-20sgd-2006-11-2014.pdf

    Salaries for the leadership of the group:

    Jane H. Gilbert – President and CEO – $339,475.00
    Daniel M. Reznikov – Chief Financial Officer – $201,260.00
    Steve Gibson – Chief Public Policy Officer – $182,862.00
    Kimberly Maginnis - Chief of Care Services Officer – $160,646.00
    Lance Slaughter - Chief Chapter Relations and Development Officer – $152,692.00
    Michelle Keegan – Chief Development Officer – $178,744.00
    John Applegate – Association Finance Officer – $118.726.00
    David Moses – Director of Planned Giving – $112,509.00
    Carrie Munk – Chief Communications and Marketing Officer – $142,875.00
    Patrick Wildman – Director of Public Policy – $112,358.00
    Kathi Kromer – Director of State Advocacy – $110,661.00

    Total administration costs were just under $2 million. “Other salaries and wages” (Part IX line 7) were $3.6 million, with another half million dollars in “pension plans” and “employee benefits.” Expenses for non-employee labor were about $4 million, and “travel expenses” exceeded $1.3 million.

    So total costs for labour to run the association was around $12.5 million, from revenues received totaling $24 million.

    Over 50% of what the ALS Association receives appears to support salaries of people working for the Association, based on these tax returns.
     
  11. Robert Higgins

    Robert Higgins Well-Known Member VIP

    Reputations:
    86,762
    Joined:
    Jan 15, 2012
    Messages:
    13,177
    Likes Received:
    20,287

    The luckiest people, people, people on the face of the earth, earth, earth.

    [​IMG]
     
  12. Shithead

    Shithead Well-Known Member

    Reputations:
    92,072
    Joined:
    Jan 16, 2012
    Messages:
    13,386
    Likes Received:
    21,633
    All Losers & Suckers
     
    yaddc likes this.
  13. MyLazyHand

    MyLazyHand Russia and France Know What to Do

    Reputations:
    162,029
    Joined:
    Sep 11, 2010
    Messages:
    15,280
    Likes Received:
    23,040
    This entire thing is a scam by the ice water companies.
     
    Stag, Thedomina, Dick Nose and 5 others like this.
  14. yaddc

    yaddc Well-Known Member

    Reputations:
    104,091
    Joined:
    Jan 13, 2014
    Messages:
    23,211
    Likes Received:
    20,775
    Just like the animal sheltors.
     
    GIRLY likes this.
  15. RonHeinzkaboot

    RonHeinzkaboot Adultophile VIP

    Reputations:
    110,645
    Joined:
    Aug 14, 2013
    Messages:
    19,610
    Likes Received:
    17,998
    they are notoriously the worst managed charities unfortunately
     
  16. HowieStearn

    HowieStearn HateClub

    Reputations:
    80,299
    Joined:
    Dec 13, 2011
    Messages:
    14,504
    Likes Received:
    14,286
    I called my accountant: "it's noine for me, one for you"

    hope this helps :hw:
     
    GIRLY likes this.
  17. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

    Reputations:
    240,889
    Joined:
    Jan 16, 2012
    Messages:
    38,753
    Likes Received:
    39,508
    It makes me want to die of ALS when I realize that most people won't spit in the mouth of a baby dying of thirst if it's not trendy to do so.

    Where the fuck were you with your donation money before it became all the rage?
     
  18. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

    Reputations:
    240,889
    Joined:
    Jan 16, 2012
    Messages:
    38,753
    Likes Received:
    39,508
    Every charity is by necessity inefficient, and I'm not saying not to give.

    But what is bothersome is that of the category "research" , the money then becomes relatively unaccounted for. "Research" could include the new $2500 desk some medical administrator making $350,000 a year just got for her office at a research facility. I know they spare no expense. I have personal knowledge of the goings-on at a cancer research charity from an employee there and it was sickening.

    By the way, you think they're going to give you your donation back when they find a cure and sell it for $10,000 a dose? Unfortunately life is what they call "inelastic demand" in economics. They have us over a barrel.
     
  19. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

    Reputations:
    240,889
    Joined:
    Jan 16, 2012
    Messages:
    38,753
    Likes Received:
    39,508
  20. cg256

    cg256 Well-Known Member VIP

    Reputations:
    70,699
    Joined:
    Jul 15, 2013
    Messages:
    4,730
    Likes Received:
    9,071
    I would just get the baby a glass of water.