June 14, 2007
IS LEMOYNE OWEN WORTH SAVING?
Lemoyne Owen has been much in the news recently as the City Council voted to give them $3 million over three years. The County is being asked to give $1.5 million over the same three year period. I decided to do some research on this organization and the associated organizations and I found that in their latest 990 tax filings (2005) they were sitting on $10.4 million dollars. Also the Lemoyne Owen Community Development Corporation shows a net worth of over $800,000. These documents are attached.
Lemoyne Owen College needs to open their books to the public and reveal all their operations so that the tax payers who are forced to support this operation can judge whether it is worth the cost. Also I have attached a number of transactions involving the college and the college’s community development arm which shows lots of real estate transactions that need an explanation.
Click here to see the 990 tax report showing Lemoyne Owen with over $10 million dollars
Click here to see the 990 tax report showing Lemoyne Owen Community Development Corporation with over $800,000 dollars
Click here to see just some of the real estate transactions involving Lemoyne Owen
IS LEMOYNE OWEN WORTH SAVING?
Lemoyne Owen has been much in the news recently as the City Council voted to give them $3 million over three years. The County is being asked to give $1.5 million over the same three year period. I decided to do some research on this organization and the associated organizations and I found that in their latest 990 tax filings (2005) they were sitting on $10.4 million dollars. Also the Lemoyne Owen Community Development Corporation shows a net worth of over $800,000. These documents are attached.
Lemoyne Owen College needs to open their books to the public and reveal all their operations so that the tax payers who are forced to support this operation can judge whether it is worth the cost. Also I have attached a number of transactions involving the college and the college’s community development arm which shows lots of real estate transactions that need an explanation.
Click here to see the 990 tax report showing Lemoyne Owen with over $10 million dollars
Click here to see the 990 tax report showing Lemoyne Owen Community Development Corporation with over $800,000 dollars
Click here to see just some of the real estate transactions involving Lemoyne Owen
posted by watchdog at
11:02 AM
3 Comments:
Hi Watchdog,
Sara here, with WikiFOIA.org. We’re a new Wiki accumulating all kinds of information about open records at the state and local level. Our associated blog, “State Sunshine and Open Records,” is at http://openrecords.wordpress.com.
I noticed your recent blog post about open records in Tennessee and added a link to your blog in the “Tennessee” section of our WikiFoia http://wikifoia.pbwiki.com/Tennessee .
Good work.
I’d be delighted if you would consider adding a link to the WikiFoia or to the “State Sunshine” blog (or both!) on your blog. The greater the number of links, the better we can get our important information out to the general public.
Thanks and keep up the great work!
Sara Key (aka Maverick)
www.WikiFoia.org
By
Sara, at 12:29 PM
Dear Watchdog:
I was just wondering,if you or someone else can use the State
Sunshine and Open records law to find out who funded the statue of
Mayor Herenton in College Park,and
if any of the donors are reciepts
of city contracts or bids.
By
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