PIML 96051705 / Forwarded to Patriot Information Mailing List: Date: 16 May 96 19:43:42 EDT From: Mike Johnson <102052.3716@CompuServe.COM> Subject: MJN:SPLC is rich!! Interesting information on the financial status of the Southern Poverty Law Center. - Mike/North Central Florida Regional Militia It is safe to assume that any traffic going to or from this address is being recorded, stored and analyzed somewhere by government employees. Any other assumption is *not* *safe*. ----Forwarded Message(s)---- #: 940331 S8/LIBERTY [OUTFORUM] 16-May-96 17:55:13 Sb: #939630-Dees Sleaze Info... Fm: John Rich/Houston, TX 70764,1135 To: Bruce "Loz" Schoenfelder 72162,1174 >> I direct your attention to a couple of quotes from "Gathering Storm", >> his latest effort to scare wealthy liberals out of their hard-earned >> donations... Also: Msg #940118, Bruce "Loz" Schoenfelder; >> Dee's has a $70 million war chest with which to harrass the patriotic >> and right wing community. And: Msg #939255, Ada Coddington; >> Morris Dees of the Southern Poverty Law Center is investigating >> domestic terrorists. Anyone having information for Mr. Dees should >> fax it to (334) 264-3121. Here is an Financial Summary Report for the Southern Poverty Law Center that I received by writing to the New York Department of State, 162 Washington Ave., Albany, NY 12231-0001 ------------------------------------------------------------------------ New York Department of State Charities Financial Report Summary (Charitable Organization) Statistics Filed on Annual Financial Report Southern Poverty Law Center 400 Washington St. Montgomery, AL 36195 Registration Number: 43173 Fiscal Year Ending: July 31 Statement of Support, Revenue, Expenses, and Changes in Fund Balances 1993 1994 Support and Revenue Direct Public Support $11,442,090 $12,599,779 Indirect Public Support 0 0 Government Grants 0 0 ----------- ----------- Total Contributions $11,442,090 $12,599,779 Program Service Revenue $81,524 $58,835 Other Revenue $2,040,924 $2,320,400 ----------- ----------- Total Support and Revenue $13,564,538 $14,979,014 Expenses Program Expenses $6,937,076 66% $4,800,445 47% Public Info & Fund Raising 0 0% $2,234,518 22% Payments & Services to Affiliates 0 0% 0 0% ----------- ---- ----------- ---- Total Program Expenses $6,937,076 66% $7,034,963 69% Management and General Expenses $923,744 9% $909,502 9% Fund Raising Expenses $2,617,186 25% $2,270,912 22% ----------- ---- ----------- ---- Total Expenses $10,478,006 100% $10,215,377 100% Excess/Deficit $3,086,532 $4,763,637 Fund Balance at Begin of Year $48,052,593 $51,139,125 Other Changes in Fund Balances 0 0 ----------- ----------- Fund Balances at End of Year $51,139,125 $55,902,762 Balance Sheet Assets $51,417,370 $56,414,351 Liabilities $278,245cr $511,589cr ----------- ----------- Fund Balances $51,139,125 $55,902,762 ------------------------------------------------------------------------ Some suggested calculations to interpret the financial data contained on the enclosed report are as follows: > To determine how dependent the charity may be on continued public support, compare total expenses with fund balances. This should indicate how long the charity could continue its activity without further support. $51,139,125 / $10,478,006 = 4.9 years > To determine the amount of revenue the organization is spending on their stated purpose, compare program expenses with total support and revenue. $6,937,076 / $13,564,538 = 51% Only 51% of income is used towards the stated program purpose. > To determine how much it costs to raise the contributions received, compare direct public support with fund raising expenses. $2,617,186 / $11,442,090 = 23% 23% of contributed funds are spent on fund raising activities. Management and overhead accounts for 7% of revenue. 23% of revenue is accumulated in their bank account as assets. He adds over $4 million per year to this account, which now sits at a very fat $55 million! What's the purpose of this large unused accumulated excess? Heck, save your money - he doesn't need contributions! John Rich/70764,1135 Houston, Texas * Patriot Information Mailing List * A service to help inform those who have an active interest in * returning our federal and state governments to limited, * constitutional government * Send messages for consideration and possible posting to * butterb@sagenet.net (Bill Utterback). * To subscribe or unsubscribe, send message with subject line * "subscribe patriot" or "unsubscribe patriot" * Forwarded messages sent on this mailing list are NOT verified. * See World's Smallest Political Quiz: www.self-gov.org/quiz.html * Libertarian is to LIBERTY as librarian is to library (DePena) * PIML grants permission to copy and repost this message * in its entirety with headers and trailers left intact.