Posted on 01/30/2014 9:33:39 AM PST by rktman
The Wounded Warriors Project, a group that has been called a “legal scam” by veterans, has successfully killed off the all-volunteer Indiana veterans assistance group “Help Indiana Veterans”.
Why?
Because Dean Graham, the head of Help Indiana Veterans, wrote that Wounded Warriors was a scam because that so-called charitable organization spends but a few pennies on the dollar in grants to fund endeavors to actually benefit wounded servicemen and women, per their IRS Form 990 from 2011.
(Excerpt) Read more at gunssavelife.com ...
Another one I would like to see some numbers on is the Kentucky Based Charity USA CARES. They have been around for about ten years now they have changed directors numerous times and they take in lots of huge donations from all over the country. One of their founders was recently indicted for failure to pay hundreds of thousands of dollars in state sales taxes on a restaurant he owns.
Ken Fields on January 30, 2014 at 2:30 pm said:
Mr. Graham should avail himself of a good resource on how to read IRS Form 990, such as the one from the Nonprofit Coordinating Committee of New York (http://www.npccny.org/new990/new990.htm).
For Wounded Warrior Project (WWP), the information in Form 990 has been audited by an independent firm of CPAs. The audited financial statements of WWP are available on its website.
If Mr. Graham understood Form 990, he would find that according to the 2011 Form 900 for the WWP, 73% of its expenses were for program activities to provide vital programs and services to severely wounded service members, i.e., the activities forming its basis for exemption from tax. It was not “pennies on the dollar” as Mr. Graham stated. The balance of the expenses for WWP were for 6% for management and general administrative, and 21% for fund raising.
What do watchdog groups say should be spent on program activity? The BBB Wise Giving Alliance recommends that nonprofits spend at least 65% of its annual expenses on program activity, while the American Institute of Philanthropy sets its minimum standard at 60% of expenses. The WWP exceeds both of these recommendations by spending 73% on program activity.
Because WWP provides services directly to veterans, it is not necessary for WWP to make grants to other organizations to provide services. This is why the grants given to other organizations by WWP totaled only $5.5 million dollars.
Of the $21 million in salaries, 85% (nearly $18 million) was for program activities such as combat stress recovery, physical health & rehabilitation, family support services, and Warriors to Work, among others, that WWP provides. How does WWP set the compensation of its Mr. Nardizzi, the CEO/Executive Director? An independent compensation consultant makes a recommendation to the Board of Directors based on a compensation study and what comparable organizations pay.
I have reviewed the IRS Form 990 of nonprofits for 40 years. Based on my review of WWP, it is an outstanding organization.
Ya might want to read the comment left on that website by Ken Fields before you jump off the cliff of conclusions.........
just look at the number of celebs doing tv spots and that is your answer...
the left wants to show how great they are and what better way than to co-opt an organization helping vets?....
they tried this many years ago by starting their own Hunting and Fishing group to counteract the NRA.....
It never started out right. It was designed from the beginning to be what it is.
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