Does this make sense!! December 31, 2006 financial statement shows the Foundation had a net gain of $1,406,786 after collecting more than $17 Million.
A document of financial nature appeared May 27, 2008 online that reports a claim made by the Foundation .. to have raised $55.1 million and is only short $9.9 million. (of the $65 million required to construct the Memorial)
What's $11,080.022 Other?
Kind of a "Big OTHER"!
Revenues and Expenses:
Fiscal Year Ending December 31, 2006
| REVENUE | |
| Contributions | $17,022,708 |
| Government Grants | $0 |
| Program Services | $0 |
| Investments | $50,467 |
| Special Events | ($140,149) |
| Sales | $519 |
| Other | $42,219 |
| Total Revenue | $16,975,764 |
| EXPENSES | |
| Program Services | $4,274,349 |
| Administration | $214,607 |
| Other | $11,080,022 |
| Total Expenses | $15,568,978 |
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