[JPL] IAJE - Financial's
tomthejazzman at embarqmail.com
Sat Apr 19 22:08:39 EDT 2008
In reviewing the Tax return for IAJE in 2006 I found some interesting
information. They did take a big loss on financial investments, but it
was just over $20,000 and for a group with assets of 2 to 3 million that
is not a big hit. They showed gross receipts of $2,575,941
Bill McFarlin $109,764
Steve Baker $ 84,014
Gregory Carroll $ 84,014
Susan Jenkins $ 89,700
When I look at these salaries or contract fees I can't help but think of
the many Jazz Educators from the Public Schools to the University level
who would appreciate making $80,000 plus and then expenses. And then
there are the musicians./
Of course this does not include office staff and their salaries or
expense accounts for the dollars spent by the Board which was sizable.
Every day I am reading and seeing where large companies are losing
millions in their quarterly report and they continue on so I find it
puzzling that a NON-PROFIT and not report a loss and keep on working
toward their mission.
There has to be something here that we are overlooking or are not being
told, especially Chapter 7 versus Chapter 11 or 13.
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