Re: [ga] ICANN spending gone wild -- IRS Form 990 comparisons for years ending 6/30/2006 and 6/30/2007

[George Kirikos <gkirikos@xxxxxxxxx>]

Hi Danny,

--- Danny Younger <dannyyounger@xxxxxxxxx> wrote:
> I took up this issue the other day on the at-large list and obtained
> the following URL from ICANN's CFO:
> 
> http://www.icann.org/en/financials/fiscal-30jun07.htm

Read the Form 990 PDFs on that page:

http://www.icann.org/en/financials/tax/us/fy-2007-form-990.pdf

ICANN has *redacted* key data, for "confidentiality". However, the law
is that anyone can ask for a copy of the unredacted versions:

http://www.irs.gov/charities/article/0,,id=96430,00.html
http://www.irs.gov/charities/article/0,,id=139231,00.html
http://www.guidestar.org/DisplayArticle.do?articleId=865#1

"What happens if the information is not supplied? The penalty for not
disclosing an annual return is $20 per day for as long as the failure
to comply continues, up to a maximum of $10,000 maximum fee per return
not disclosed. There is no maximum fee for failure to provide the
application for exemption.

Organizations that do not wish to provide hard copies of these
document(s) do have another option: they can post a copy on their Web
site. With the exception of masking donor's names and addresses on
Forms 990, 990-EZ, and 990-PF, the documents must not be altered in any
way."

"The documents must not be altered in any way", yeah right. hahaha See
the redactions in the ICANN website version, compared to the FULL
filing.

Just download it for free from GuideStar.org (free registration
required). You'll need to search for "assigned" instead of "ICANN" to
find the relevant documents, as ICANN uses its full name in the
filings.

Sincerely,

George Kirikos
http://www.kirikos.com/