By: Diane Benjamin
How did the Economic Development Council lose $298.319 in 2015 and another $326,863 in 2016? Spending more than they take in!
From the 2016 tax return:
With losses like their’s, what kind of help did they provide?
We now know how much Kyle Ham was being paid in 2016:
PDF page 10 shows Bad Debt Expense of $183,455!
That means money they were suppose to get but didn’t.
They still had $576,999 in cash at the end of the year. A lot of it was your tax dollars.
Of course I’m going to post the tax return – lots of other interesting things are on it. See it HERE
Maybe knowing who the Board of Directors is will help. Since they don’t publish minutes, we don’t know how many actually attend meetings however: https://www.bnbiz.org/about/board-of-directors/