The posts’ title and accusations in the original post is over the edge, but I still think this post can be turned around in to fruitful discussion.
Glancing through (read: scan through, not a in-depth reading) the audited report, it feels just like a tax return form. Just a lot of numbers and a lot of room for things to “hide” under.
For instance the operating cost of FRC in 2009 was $25,259,844. The revenue from “Program Registration Fees” was $15,535,666. “Contributions and Grants” were $15,900,906. The surplus at the bottom of that table was $506,264, which is a WHOLE lot less than 2010’s figure.
Those seem like valid numbers, and then I read on page 8 “Unrestricted Contributions recorded as program expenses” which for FRC in 2010 was nearing $4 million. That could be anything. Lobbying, bribing, corrupting. :ahh: (sarcasm, please)
I’m not on the same boat as the original poster as to say that the way FIRST uses money is in any way sketchy, but I think we could allow for some imagination and “creativity” (non-slander and non-libel!) and use it as an opportunity for discussion. FIRST does handle a lot of money.
I know that they have tried to help the teams out every year, by lowering the registration fees by a $1000 for example from the past. I don’t really think FIRST is in any way corrupt. I also have no basis of reason to believe or even imagine so.
But this discussion is interesting! Like those price breakdowns lists of iPods/Wiis/etc they have online, maybe we could go through the KOP and price how much FIRST pays/(gets donations) for them and investigate?
Whatever it is, I guess the most important thing is to keep it all straight in facts and keept it free of libel.