Federal Law says that a foundation must be charitable in nature and support the poor. So why is Treasurer Allan Head earning over $300k per year from the Association?
Treasurer Allan Head stated that his compensation (over $300,000 per year) was approved by the “governing committee” when he wasn’t present in the room! (2010 foundation return, Schedule O).
You read it here first!
More to come next week after reported to IRS HQ!