Friday, May 04, 2012

Not for profit?

A reader sent me a link that was posted on a public bulletin board recently concerning the IICRC Clean Trust. It was allegedly a copy of the organization's federal tax return. If it's true and not a hoax, it appears they had some extravagant expenses.

An example was their reported income of about four million dollars. $2,207,714.00 went to Kenway Consultants, AKA Tom Hill, for management fees for running their office. I believe Hill was a board member of IICRC at the time, too. Sweetheart deal?

Our company practices very frugal management. Looking over our own tax returns, labor costs and overhead expenses, I think we could manage the IICRC's little $4 million business for them for only a million dollars and we'd show a nice profit, too.

This is the link to the downloadable zip file:

http://dl.dropbox.com/u/10890298/IICRC%20Financials.zip

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