Originally Posted by
franklin_m
BTW, 2016 IRS 990 shows that in 2016 the AMA gave $300K to the foundation. Only have the foundation give approx $150K of it back. Interesting. Had to ask myself why would they do that? Then it dawned on me. It takes majority vote of EC to spend money on something. But if the money comes from the foundation, the foundation gets to tell AMA how it must be spent. Totally unaccountable to members ....
Originally Posted by
Appowner
So in short, a form of money laundering. Curiouser and Curiouser.
Here's another couple charts and a secondary reason why AMA chose to give the foundation $300,000 only to have the foundation turn around and give $141,800 of it right back to AMA.
Look at the first chart, Foundation income and assets look pretty good right? Well, second chart is what it looks like w/o $300,000 plus up and the Foundation give back. Suddenly the foundation doesn't look like it's doing so well does it? (data comes from AMA and AMA foundation IRS990's)
