https://www.guidestar.org/search
Now that’s not all cash, most of it is land and buildings, but I did find this interesting bit.
It says Due right, which means owed, I mean I think that is what it means unless the city attorney changed the meaning of that word too.
So what does all this mean? Heck if i know. I have degrees in poli sci and psychology because I wanted to take as little math as possible and all I know about tax returns is the only good thing about just paying interests on your student loans is that helps with them.
I do know however that having three charities seems hinky and KIPP plays every loophole available and I would imagine the people doing their taxes do as well.
To look at the KIPP’s school three charities 2017 tax returns, click the links.
https://pdf.guidestar.org/PDF_Images/2017/264/046/2017-264046824-0ee20e3d-9.pdf
https://pdf.guidestar.org/PDF_Images/2017/474/726/2017-474726810-0ee6b79a-9.pdf
https://pdf.guidestar.org/PDF_Images/2017/273/004/2017-273004832-0ee81f2e-9.pdf
From a former C.P.A.: It is listed as a liability, which means that they owe it to Chartrand, however the liability came into being.
This was interesting … followed the trail … Organization X owns the building and owes Baker and Chartrand $11 million dollars …
The school rents from the Organization X. Why is it structured that way? I sent an email to the city council but I didn't get an answer. There might be a legitimate answer or it could be
1. To make sure the school district doesn't take the building if the school closes
2. Insurance purposes if a kid sues the school, then the building would be protected.
What other reasons?