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To: interrogatorgirl

>>>Why should the minute men exceed the standard?

When financial questions (or criticisms) are raised on non-profits, only published statements by independent auditors will calm the waters. It sounds like such financial statements have never been completed. Obviously the management of MM doesn't want any more contributions, otherwise they would have these statements ready to go.

Because "late" usually means "writedown" in accounting matters, any delay increases worries over issues of fraud. "Late" in this case means after the MM were attacked by MSM -- even though statements are not due.

Because it is to MM management's benefit to keep the funding going, the best choice would be to prepare and publish these documents. Because they haven't done so after all this criticism, I fear a bad financial scenario about to unfold. I hope it does not happen because such a sad event could pour cold water on the great results accomplished by the MM so far.


523 posted on 07/27/2006 11:09:06 PM PDT by Hop A Long Cassidy
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To: Hop A Long Cassidy
"Late" in this case means after the MM were attacked by MSM -- even though statements are not due.

I would guess that when the statements are finally submitted to the IRS, you'll find that MCDC requested two three-month extensions of the due date. That is SOP for its parent organization, the Declaration Alliance.

That being the case, the reports were actually due approximately three months ago, rather than being due approximately three months from now.

In fact, if you'll read the IRS website, you'll find that that IRS really wants these reports submitted well before the election, not a week or so afterward.

529 posted on 07/28/2006 2:50:20 PM PDT by Amelia (If we hire them, they will come...)
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