Wednesday, December 14, 2011

FFA Cooks their Books?

Update: A referral (complaint) was emailed to the IRS at 1:00 EST this afternoon.

Gay bashing is expensive but not this expensive. For 2010, Florida Family Association claimed revenues (contributions) of $172,140. Out of that, they paid David Caton's salary and benefits of $59,423. Then there is a line item of $86,550 for printing, publications, postage and shipping. There is nothing on their website to suggest that they printed, published or shipped anything     much lest $86 thousand worth. Then there are other expenses totaling $32,277. That's almost $120,000 of expenses for a one-person operation that he might operate out of his home.

Caton had another for-profit business out of the same space (the now defunct Florida Fishing Report). Even if he used FFA funds, it amounts to pennies. FFA also owns another domain, cleanuptv.net which they haven't done anything with.

I ran a 200-employee not-for-profit. It looks to me like Caton is stealing; running FFA as his own private tax shelter. In other words, Caton paid taxes on a $52K base but, in reality, was earning well into six figures     funded by donors who received a tax deduction. Only Caton knows for sure. Most small not-for-profits have some, let's call them, "executive refinements." This looks like wholesale looting. I'll make a referral to the IRS and let them sort it out.
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