Thursday, November 26, 2015

Turkey? $55 Million and it can all be yours

I have to assume (although we cannot know for sure) that National Organization for Marriage has not made its 2014 990s available because there is something that they don't want us to see. Eventually we will. I strongly suspect that what they don't want donors to see is that they are close to insolvent. Again, we cannot know for sure.

So I thought that it might be interesting (if not instructive) to consolidate all of the available financial information of NOM and NOM-Ed and see what we get. There are inter-company transactions that I have not eliminated but I doubt that they are material. We have financials for NOM from 2007 to 2013. The earliest information that I have for NOM Education fund is 2010.

The blaze:

For the seven years ended December 31, 2013, NOM and NOM-Ed:

Receipts: $54,427,819
Expense: $55,498,015

That's right. Over seven years these putzes have burned through more than $55 Million and have nothing to show for it. Snark off — seriously. Imagine what $55 million could have done if spent to make to make the lives of some folks a little better. This money was spent in a futile effort to make American law conform to the teachings of the Catholic church. In doing so they routinely asserted that gay people are a threat to children. That made our lives just a little more miserable.

I learned a very long time ago that there are positive people and there are negative people. Apparently their God did not want the Nommers to be happy — or positive.

BTW, apparently their God doesn't care about arithmetic either. NOM's net asset value seems to be overstated by about $40,000. NOM-Ed's is understated by about $3,100.

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