Friday, June 28, 2013

LEAK: Proof Financial Crisis Manufactured with Help of IRS, CPB and FEDS!!!

The following prove the vast conspiracy to manufacturer a financial crisis at KBOO include the highest institutions of the US government, including the IRS!  FOIL HAT TIME!!!!

The Big Lie is that there is no financial crisis other than the one created by absorbing the Winter Drive into two other drives.
Here is documentation of the deficits we incurred from 2007 to 2010. A request to the KBOO Finance Director can get the same documentation of the size of the deficit in 2011 and 2012. The 2013 budget was planned to be a deficit budget as well and we can be fairly sure that we will end up with a deficit at the end of our fiscal year. How much longer can this go on? Not much.
Members who resist change say KBOO gets by just fine with just member contributions. They think another fund drive will make us solvent, ignoring a history of deficit spending each year, going back to at least 2007.


How is KBOO surviving with insufficient funding from members? By drawing down its reserves which date back to the days of federal funding. The reserves will not be replenished, at least not by future federal funds. KBOO lacks the number of listeners it needs to qualify. 


Here are the 990 Forms KBOO submits to the IRS, and which the charity watchdog site Guidestar make available on their website.

Documentation of deficit spending. 2007-2010.
Reports attached and source link provided to verify authenticity.

The 2011 and 2012 990's available at KBOO on request. Send an email, and they are obliged to provide the document in a timely manner.  

Background
IRS Form 990.
What is the form 990?

KBOO's reports should be on its web site but its hard to navigate. Guidestar is a reliable source for non-profit organization's 990s

KBOO's 990's found on Guidestar (as received from the IRS).
2010 and prior year. 
Attached document name: 2011-237232987-0876a476-9
See line 19 for statement of deficit.

2009 and prior year.
Attached document name: 2010-237232987-07770147-9
See line 19 for statement of deficit.

2008 and prior year
Attached document name: 2009-237232987-065b0359-Z
See line 18 for statement of deficit.

2007 and 2006 available with premium account on Guidestar. 

Here is some information from the time KBOO was kicked off the federal gravy train.

"The price of running KBOO the way it has been run for 30 years is its federal funding. Since last fall, CPB has put KBOO and five other stations "on probation," and KBOO lost approximately half of its expected $68,000 in grants. KBOO has appealed that decision, but in the meantime is planning schedules changes so that it will meet the new minimum audience levels set by CPB.
The risk has been clear since 1996, when participants in CPB's grant review released a list of about 80 stations whose CSGs would be endangered--the so-called "Dis List." KBOO was on that list.  

<snip>
Chris Merrick, the program director and sometime g.m.--a tall man with a long, blond ponytail--reviews the situation: The station was expecting $68,000 in CPB grants for fiscal 1998. "Our troubles began around August 1997 when we talked to CPB and found out that this was not the case."
Because KBOO met neither the minimum audience standard nor the minimum fundraising standard (story, page 1), it will receive $33,643 from CPB this fiscal year--about half of what it expected. With the loss, KBOO's revenues dropped 10 percent.
<snip>

Merrick confirms that the federal money has been used for salaries, Pacifica programs, satellite feeds and the Associated Press service. "We've looked at the AP wire. If we can't come up with a news grant, we might have to cut it, which will really devastate our newscasts."




KBOO continues to pay for staff salaries out of the reserves built up during the days of federal funding. Meanwhile, listenership has fallen to even lower levels, while staffing levels, largely, have not.
The reserves are nearly depleted.
There is no conspiracy to destroy KBOO -- other than the conspiracy to deny the facts of our financial condition, easily verified by legal documents KBOO files with the IRS.


That proves it!  The IRS is the Enemy of the people!!!  More so than usual, that is...
So is the FED!!!!

"The price of running KBOO the way it has been run for 30 years is its federal funding."

No wonder our Foil Hat Cadre has been so committed to Ending The FED!
 Besides, who needs the Feds?  KBOO is community funded radio!   As the diminishing community funds KBOO, loyal cadre will simply INCREASE their donations to compensate!     Many members of the community are ready to contribute! We can get a loan from that nice Russian man we met last week representing a bank in Cyprus!   We're sure he was only joking about the cement shoe default clause!  What could possibility go wrong with Our Glorious Leader at the helm?




Full FUBAR ahead!!!!

-Meresa Titchell 

13 comments:

  1. Further Proof it is the fault of EVIL FITCH!!!

    ReplyDelete
  2. It's all the fault of the Evil Federal Government!

    First they cut off funding (which KBOO should have as a matter of right), and then they try to detonate a dirty bomb in Portland, stopped only by Glorious Leader and that anti-Semitic loon from "Ghost Troop"!

    Any member of the Outer Party demonstrating any knowledge of "accounting", or who knows how to read a "financial statement", will report immediately to the Government Island Quarantine Camp, so we can keep you from infecting other Party Members!

    Remember, Comrades:

    Ignorance Is Strength!

    ReplyDelete
    Replies
    1. "First they cut off funding (which KBOO should have as a matter of right), and then they try to detonate a dirty bomb in Portland, stopped only by Glorious Leader and that anti-Semitic loon from "Ghost Troop"!"

      Clearly what we need in this time of crisis is an anti-Semitic loon to help Glorious Leader! Glorious Leader never had problems getting the message out twhen she was working with an anti-Semitic loon!

      And it would prove Our Leader's commitment to KBOO and the under served...you don't get more under served that Jew hating loons!

      Delete
  3. Remember to dig even deeper into your pockets for more contributions to KBOO, Comrades!

    After all, the Iron Rice Bowl depends on YOU!

    ReplyDelete
  4. This leak was from me. The information has been provided to the Board, including the newest appointments, as well as the press. Look for a print news story soon, being written right now.

    ReplyDelete
    Replies
    1. "The 2011 and 2012 990's available at KBOO on request. Send an email, and they are obliged to provide the document in a timely manner."

      Sorry. I get confused by calendar dates and the KBOO fiscal year dates. The document named 2011-237232987-0876a476-9 for 2010 and prior year are the most current. The next 990 will also show a deficit.

      Delete
  5. "This leak was from me. The information has been provided to the Board, including the newest appointments, as well as the press. Look for a print news story soon, being written right now."

    Holy Frack, dude! Better start packing for the Happy Valley Re-education Center!

    ReplyDelete
    Replies
    1. Can I still attend my Masochist's Anonymous meetings there?

      Delete
    2. I suspect anyone connected to KBOO is a card carrying M.A. member.

      Delete
    3. Seems like many here are members of Anonymous Anonymous -- and in relapse.

      What is next? Posting of bad poetry, photos of yourself in superhero tights or wearing Mexican 'rassler masks? And a copy of your court ordered referral to:

      AA - Alcoholics Anonymous
      ABA - Anorexics and Bulimics Anonymous
      ACA - Adult Children of Alcoholics
      Al-Anon/Alateen, for friends and family members of alcoholics
      CA - Cocaine Anonymous
      CLA - Clutterers Anonymous
      CMA - Crystal Meth Anonymous
      Co-Anon, for friends and family of addicts
      CoDA - Co-Dependents Anonymous, for people working to end patterns of dysfunctional relationships and develop functional and healthy relationships
      COSA - formerly Codependents of Sex Addicts
      COSLAA - CoSex and Love Addicts Anonymous
      DA - Debtors Anonymous
      EA - Emotions Anonymous, for recovery from mental and emotional illness
      FA - Families Anonymous, for relatives and friends of addicts
      FA - Food Addicts in Recovery Anonymous
      FAA - Food Addicts Anonymous
      GA - Gamblers Anonymous
      Gam-Anon/Gam-A-Teen, for friends and family members of problem gamblers
      HA - Heroin Anonymous
      MA - Marijuana Anonymous
      NA - Narcotics Anonymous
      NAIL - Neurotics Anonymous, for recovery from mental and emotional illness
      Nar-Anon, for friends and family members of addicts
      NicA - Nicotine Anonymous
      OA - Overeaters Anonymous
      OLGA - Online Gamers Anonymous
      PA - Pills Anonymous, for recovery from prescription pill addiction.
      SA - Sexaholics Anonymous
      SA - Smokers Anonymous
      SAA - Sex Addicts Anonymous
      SCA - Sexual Compulsives Anonymous
      SIA - Survivors of Incest Anonymous
      SLAA - Sex and Love Addicts Anonymous
      UA - Underearners Anonymous
      WA - Workaholics Anonymous

      We need to add Anonymous Anonymous to that list!

      Delete
  6. I think that would be AnAnon ... Comrade!

    ReplyDelete
    Replies
    1. Cadre GrammarianJune 28, 2013 at 2:56 PM

      Nooooo it would be AnonAnon!

      Delete
    2. The troubles at KBOO will keep going Anon and on and on...? Make the voices stop!

      Oh, its just the radio.

      Delete