Interesting data on 2014 AMA Financial/tax statement
08-13-2016, 08:57 AM
#76
It will be interesting to see if the Internet sleuths and "I know an accountant" folks find something the IRS missed in a recent audit of the AMA. I'm betting not, but you never know!! I also find it a bit ironic this intense interest in the AMA's tax returns and yet a person who is running for the most powerful leader in the Free World is being given a pass on releasing his returns, like every single Presidential Candidate has done since the early 70's.
Oh well.
Oh well.
08-13-2016, 09:47 AM
#78
Banned
My Feedback: (8)
It will be interesting to see if the Internet sleuths and "I know an accountant" folks find something the IRS missed in a recent audit of the AMA. I'm betting not, but you never know!! I also find it a bit ironic this intense interest in the AMA's tax returns and yet a person who is running for the most powerful leader in the Free World is being given a pass on releasing his returns, like every single Presidential Candidate has done since the early 70's.
Oh well.
Oh well.
And now another set up for nefarious activity from the ama...getting kicked out for reporting public information. I can't deny it...I love seeing one conspiracy theory after another. Sort of like the national election...."if i lose its because the fix is in".
Lol..endless entertainment, and free!
08-13-2016, 03:06 PM
#79
Banned
My Feedback: (8)
Who exactly should a member ask to get an explanation why the financial report says one thing and the IRS filing for the same year says something else?
I just want your expert opinion, lest I later be told I didn't ask the right person. So I'm turning to you, as a Leader Member, to direct me where / whom to ask.
I just want your expert opinion, lest I later be told I didn't ask the right person. So I'm turning to you, as a Leader Member, to direct me where / whom to ask.
In case you're serious you can start with your district VPs, or go right to Chad, or perhaps the appropriate person in Muncie. I'll be happy to connect you with the right person if you really want
08-13-2016, 03:13 PM
#82
Banned
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Would be nice if Ken had shown both of em the door , see this nice helpful post , a typical example of what our resident supposed LM likes to post ? I intend to take a sampling of a whole bunch of the best ones , just like this one here , and send them in to the AMA with a question of if this is really how an LM is supposed to "lead" ?
08-13-2016, 03:21 PM
#83
08-13-2016, 03:24 PM
#84
Geez Franklin...is this really you? Hard to distinguish between the others now. Are you really asking or just putting on a show for the fans?
In case you're serious you can start with your district VPs, or go right to Chad, or perhaps the appropriate person in Muncie. I'll be happy to connect you with the right person if you really want
In case you're serious you can start with your district VPs, or go right to Chad, or perhaps the appropriate person in Muncie. I'll be happy to connect you with the right person if you really want
Well, you should recall the criticism I got for other questions to HQ. Not asking the right person, or emailing when I should have called, etc. So I figured I'd just ask a Leader Member up front.
08-13-2016, 03:26 PM
#85
Leader member only info. The serfs are told only what the nobility decides they need to know.
Sure tells me a lot about how much the AMA values the rank and file members.
08-13-2016, 03:33 PM
#86
Banned
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Uh Mike...you are swinging for the low ball shot and still missing. I know folks are wishing I was banned from RCU, but i think I'm still here. At least for now, but if I was asked to leave, well that would be it.
Before you get high and mighty about mod actions from other sites ( which really have nothing to do with this site or subject matter) keep in mind there's at least one person here in this thread that was banned from that place not once but twice under different names
Before you get high and mighty about mod actions from other sites ( which really have nothing to do with this site or subject matter) keep in mind there's at least one person here in this thread that was banned from that place not once but twice under different names
Last edited by porcia83; 08-13-2016 at 03:42 PM.
08-13-2016, 03:36 PM
#87
Banned
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If you want some names I'm happy to get them for you.
08-13-2016, 03:41 PM
#88
Banned
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And yet another thread descends into personal attacks and intolerance because of a difference of opinion.
08-13-2016, 04:26 PM
#89
Ok , here's what was said ;Any company , especially one subject to public examination of it's financial records like a non profit is would not be immediately suspected of wrongdoing in an instance such as this by the IRS and as long as all the other records were kosher , it would be taken as a simple accounting error if the difference was discovered for instance during an audit . Now if the error ended up causing the company to owe the IRS then of course an amended return would be expected to be filed . If , however , there were multiple errors across multiple years , and especially if the errors resulted in less taxable earnings reported to the IRS , then thing could "get dicey" was the term used . Now whomever discovered the difference in figures would be well advised to send copies of the internal report and the 990 filing to the CFO to see to it that the difference in the reports is corrected .
So , since I highly doubt from the answer I got that the difference in figures is intentional , It sure sounds like someone likely put the wrong figure in the wrong line someplace and it should be easily correctable . I am honestly relieved to have heard that it's far more likely a mistake , I really do think our organization is better than and above the intentional under reporting of earnings to evade taxes .
Last edited by RCKen; 08-15-2016 at 04:59 PM.
08-13-2016, 04:54 PM
#90
Banned
My Feedback: (8)
But seriously nothing I ( or anyone else for that matter ) could say or ever do would change the way you feel about the AMA. Your set with your beliefs and the only real change that's been noted over the past ten plus years is more complaints, suspicions, and now conspiracy theories. We believe what we believe right?
08-13-2016, 04:58 PM
#91
Well, I guess that's how it will be. Truly disappointing. I get the vitriol from the others, didn't see it coming from you. I guess you'll be trying to weaponize the leader member status going forward. You do realize how that looks right?
If you want some names I'm happy to get them for you.
If you want some names I'm happy to get them for you.
So yes please. Who would I need to contact?
08-13-2016, 05:02 PM
#92
Lost your sense of humor too eh? I'd tell you we have a secret handshake and language too, but i think at this point you would believe it. Next thing you know we'd have a poll asking if people thought it was true.
But seriously nothing I ( or anyone else for that matter ) could say or ever do would change the way you feel about the AMA. Your set with your beliefs and the only real change that's been noted over the past ten plus years is more complaints, suspicions, and now conspiracy theories. We believe what we believe right?
But seriously nothing I ( or anyone else for that matter ) could say or ever do would change the way you feel about the AMA. Your set with your beliefs and the only real change that's been noted over the past ten plus years is more complaints, suspicions, and now conspiracy theories. We believe what we believe right?
AMA could easily change my opinion. But I'd expect the first steps would be some of its leadership recognizing that the only thing worse than people asking hard question is when nobody is asking questions. And instead of mocking, belittling, or berating them, maybe a different approach?
08-13-2016, 05:20 PM
#93
Banned
My Feedback: (8)
Hardly. I come from a rough line of life where strongly held opinions are common.
AMA could easily change my opinion. But I'd expect the first steps would be some of its leadership recognizing that the only thing worse than people asking hard question is when nobody is asking questions. And instead of mocking, belittling, or berating them, maybe a different approach?
AMA could easily change my opinion. But I'd expect the first steps would be some of its leadership recognizing that the only thing worse than people asking hard question is when nobody is asking questions. And instead of mocking, belittling, or berating them, maybe a different approach?
08-13-2016, 05:24 PM
#94
Banned
My Feedback: (8)
Vitriol? Hardly. It's a reaction to how I was treated the last time I posted here about asking questions of HQ and not getting an answer. As I recall, you were one of the ones very engaged in saying I should have contacted an AVP, or the VP, or called to follow up, etc.
So yes please. Who would I need to contact?
So yes please. Who would I need to contact?
08-13-2016, 06:10 PM
#95
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Vitriol? Hardly. It's a reaction to how I was treated the last time I posted here about asking questions of HQ and not getting an answer. As I recall, you were one of the ones very engaged in saying I should have contacted an AVP, or the VP, or called to follow up, etc.
So yes please. Who would I need to contact?
So yes please. Who would I need to contact?
08-14-2016, 05:23 AM
#96
AMA reported one set of numbers to members on page 4 of the 2014 financial reports
AMA reported another set of numbers on their 2014 IRS990
AMA reported yet another set of numbers on their 2014 IRS99T
The total reported to IRS, 990 + 990T, doesn't match what AMA reported to members
The IRS990 doesn't match what AMA reported to members
The IRS990T doesn't match what AMA reported to members
Last edited by franklin_m; 08-14-2016 at 06:39 AM.
08-14-2016, 05:26 AM
#97
08-14-2016, 06:12 AM
#98
Ok , here's what was said ;Any company , especially one subject to public examination of it's financial records like a non profit is would not be immediately suspected of wrongdoing in an instance such as this by the IRS and as long as all the other records were kosher , it would be taken as a simple accounting error if the difference was discovered for instance during an audit . Now if the error ended up causing the company to owe the IRS then of course an amended return would be expected to be filed . If , however , there were multiple errors across multiple years , and especially if the errors resulted in less taxable earnings reported to the IRS , then thing could "get dicey" was the term used . Now whomever discovered the difference in figures would be well advised to send copies of the internal report and the 990 filing to the CFO to see to it that the difference in the reports is corrected .
So , since I highly doubt from the answer I got that the difference in figures is intentional , It sure sounds like someone likely put the wrong figure in the wrong line someplace and it should be easily correctable . I am honestly relieved to have heard that it's far more likely a mistake , I really do think our organization is better than and above the intentional under reporting of earnings to evade taxes .
In case anyone missed this during the page change I thought I'd repost it here ......
Last edited by RCKen; 08-15-2016 at 05:03 PM.
08-14-2016, 07:21 AM
#99
Per the 2014 IRS 990, Schedule A, Part III, line 15, 94.4 percent of AMA's revenue comes from "public support"
In terms of where the money goes, here's a breakdown by percentage of expenses listed on IRS 990 Part IX Lines 1-24e
Of note:
53.2% of the money goes to two places: Magazine & employee costs
$100K in travel
$960K, or 9.8%, in "All other expenses" (non categorized)
Grants (scholarships I think) are 0.33%, roughly 1/3 what they spend on travel, and 1/10 what they spend on conferences and meetings
In terms of where the money goes, here's a breakdown by percentage of expenses listed on IRS 990 Part IX Lines 1-24e
Of note:
53.2% of the money goes to two places: Magazine & employee costs
$100K in travel
$960K, or 9.8%, in "All other expenses" (non categorized)
Grants (scholarships I think) are 0.33%, roughly 1/3 what they spend on travel, and 1/10 what they spend on conferences and meetings
Last edited by franklin_m; 08-14-2016 at 07:59 AM.
08-14-2016, 07:38 AM
#100
Franklin , between "Marketing 4%" which is green and "All other expenses 10%" which is yellow , there is a blue slice of pie unlabeled and without a percentage listed of it's share of the entire 360 degrees of the pie . Is there something missing there ?
Last edited by RCKen; 08-15-2016 at 04:54 PM.