Turnaround for Children ‘lost’ $1 million last year? Newark entry a bust? Ring a bell?

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BULLETIN:

Turnaround for Children Inc.’s IRS filing shows $1 million expenses over revenue last year.

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In its Form 990 filing for the tax year that ended June 2014, the expense-exceeding-revenue disclosure (for 7/1/13 to 6/30/14) is revealed.

https://mail.google.com/mail/u/0/?ui=2&ik=285fb088e5&view=att&th=14df8dbbc531c7c5&attid=0.1&disp=safe&zw

Pamela Cantor, who is Turnaround’s chief executive officer, filed the report under penalty of perjury on Jan. 30, 2015, according to IRS records.

In her report to the IRS, Cantor tries to trumpet her agency’s “success,” but discloses “not as much progress as we would like to see.:”

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Menawhile, the IRS filing also shows that Kate Felsen, who is paid $160,000 as “vice president of communicatins,” masks her name in the IRS filing as “Katherine Di Pietro,” which is her married name.

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Who knew?!

For $160,000, I guess you are free to use whatever name you want LOL.

Di Pietro – or Felsen depending on your flavor – is for the first time listed as among the organization’s top-paid employees.

So, the moral to the story may be, ‘you can call me Ray, or you can call me Ray Jay, but you doesn’t have to call me Felsen.’

The Form 990 also shows:

* Nearly $1 million in receipts for the organization’s annual “gala” party.

* Food & “beverage” gala expenses of more than $135,000. Now, that’s a party, folks!

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Oops – there was one more thing, ma’am, that we licked our chops over this tidbit in the IRS report:

* Director Owen Lewis was paid $35,000 for “consulting services.”

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Owen Lewis

http://turnaroundusa.org/staff/owen-lewis-m-d

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