January 11, 2007
IS THIS MONEY WELL SPENT OR IS IT MERELY PROVIDING JOBS FOR FRIENDS OF THE MAYOR?
Watchdog investigated one of the many founts of money that has been paid to various minority groups in the City of Memphis with names like the following.
• A More Perfect Way $10,000 FY 2005
• B.O.L.D. $10,000 FY 2005
• Coalition of 100 Black Women -0- FY 2005 but $5000 in 2004
• Kappa Alpha Psi Mphs Alumni $20,000 FY 2005
• One Hundred Black Men $10,000 FY 2005
The above group came from the 2005 City budget from the Grants and Agencies page for a total of $1,618,875.
However one that watchdog found interesting that is not in the above list is the Mid-South Minority Business Council (MMBC). This group is headed by Mr. Luke Yancy III and has refused to open their records claiming that they are not subject to the open records law even though they receive substantial public money. Their main jobs appear to be instructing minority firms how to gain minority based contracts and certification of minority status, without which they have very little chance to gain minority based business. The importance of this certification is seen in an example of the minority no bid contracts given under the City’s subcontract with ACS. Through various open records requests watchdog has documented the following sources of income for MMBC.
• MLGW $285,990.93 1995 to 2006
• TVA $975,885.00 1993 to 2006
• MSCAA $189,400.00 1999 to 2006
• City of Memphis $279,125.00 1993 to 2006
• MATA To this date, they have not responded to our open records request
• Total to date $1,730,400.93
They may be other public sources of funds of which we are not aware. We did examine their public 990 tax form (Return of Organization Exempt from Income Tax) and they showed a net worth of $623,000 dollars in cash and investments. Their 2005 form is not available yet on the internet. We list below a spreadsheet showing the purposes of just the MLGW money listed above. This and the TVA amount contributed should warm your heart as you pay your utility bills this winter.
Click here to see how your MLGW utility money was spent on MMBC donations.
Click here to see the 2004 990 tax report of the MMBC showing a net worth of $623,000 in cash.
IS THIS MONEY WELL SPENT OR IS IT MERELY PROVIDING JOBS FOR FRIENDS OF THE MAYOR?
Watchdog investigated one of the many founts of money that has been paid to various minority groups in the City of Memphis with names like the following.
• A More Perfect Way $10,000 FY 2005
• B.O.L.D. $10,000 FY 2005
• Coalition of 100 Black Women -0- FY 2005 but $5000 in 2004
• Kappa Alpha Psi Mphs Alumni $20,000 FY 2005
• One Hundred Black Men $10,000 FY 2005
The above group came from the 2005 City budget from the Grants and Agencies page for a total of $1,618,875.
However one that watchdog found interesting that is not in the above list is the Mid-South Minority Business Council (MMBC). This group is headed by Mr. Luke Yancy III and has refused to open their records claiming that they are not subject to the open records law even though they receive substantial public money. Their main jobs appear to be instructing minority firms how to gain minority based contracts and certification of minority status, without which they have very little chance to gain minority based business. The importance of this certification is seen in an example of the minority no bid contracts given under the City’s subcontract with ACS. Through various open records requests watchdog has documented the following sources of income for MMBC.
• MLGW $285,990.93 1995 to 2006
• TVA $975,885.00 1993 to 2006
• MSCAA $189,400.00 1999 to 2006
• City of Memphis $279,125.00 1993 to 2006
• MATA To this date, they have not responded to our open records request
• Total to date $1,730,400.93
They may be other public sources of funds of which we are not aware. We did examine their public 990 tax form (Return of Organization Exempt from Income Tax) and they showed a net worth of $623,000 dollars in cash and investments. Their 2005 form is not available yet on the internet. We list below a spreadsheet showing the purposes of just the MLGW money listed above. This and the TVA amount contributed should warm your heart as you pay your utility bills this winter.
Click here to see how your MLGW utility money was spent on MMBC donations.
Click here to see the 2004 990 tax report of the MMBC showing a net worth of $623,000 in cash.
posted by watchdog at
5:18 PM
3 Comments:
Unbelieveable that so much money has been spent on such an operation.
By
Anonymous, at 1:06 PM
Interesting to know.
By
Anonymous, at 3:42 AM
Hello,
I keep coming to this website[url=http://www.weightrapidloss.com/lose-10-pounds-in-2-weeks-quick-weight-loss-tips].[/url]Plenty of useful information on shelbywatchdog.blogspot.com. I am sure due to busy scedules we really do not get time to care about our health. Let me show you one truth. Research displays that nearly 60% of all U.S. grownups are either chubby or weighty[url=http://www.weightrapidloss.com/lose-10-pounds-in-2-weeks-quick-weight-loss-tips].[/url] Therefore if you're one of these citizens, you're not alone. Its true that we all can't be like Brad Pitt, Angelina Jolie, Megan Fox, and have sexy and perfect six pack abs. Now next question is how you can achive quick weight loss? [url=http://www.weightrapidloss.com/lose-10-pounds-in-2-weeks-quick-weight-loss-tips]Quick weight loss[/url] is really not as tough as you think. If you improve some of your daily diet habbits then, its like piece of cake to quickly lose weight.
About me: I am webmaster of [url=http://www.weightrapidloss.com/lose-10-pounds-in-2-weeks-quick-weight-loss-tips]Quick weight loss tips[/url]. I am also mentor who can help you lose weight quickly. If you do not want to go under difficult training program than you may also try [url=http://www.weightrapidloss.com/acai-berry-for-quick-weight-loss]Acai Berry[/url] or [url=http://www.weightrapidloss.com/colon-cleanse-for-weight-loss]Colon Cleansing[/url] for effective weight loss.
By
Anonymous, at 3:56 PM
Post a Comment
<< Home