Shawn Juris wrote:Maybe this time now that we've got everyone here on a Saturday afternoon, what information do you want on LA? Where is the IRS regulation that defines disclosure?
I have to say I'm even more cloudy on the ownership and control of the LO than I was before. So someone else owns it and it's community run but privately owned? So is it a corporation now?
Shawn
The LO has always been a private corporation. For two reasons. 1) It would limit our ability
to report on politics, as I read the statue. 2) I believe it is the responsibility of groups like
the LO to be accountable as a corporation, and not seek grants and city money. That it
would be wrong to compete for salaries, and luxuries when so many real charities need
the funding. Of course there is the legal protection of a S-corp too.
Again it is a weekend and I have no access to books, this will have to do for now. The LO
has never made money, not counting my investment in the program and the
software(which is not owned by the Lakewood Observer, the LO pays no license fee for
the life of the paper) the LO loses about $2,000 a year. Far less than my drinking tab used
to be. In the third year for some reason we lost more than $2,000. Again, the paper was
not set up to make money, it was set up to serve the community's needs, and be
sustainable.
Through this, neither my wife or I draw any pay, nor have I sought for repayment on any
of my investment. Currently three people get paid at the LO. The sales rep, the editor,
and the delivery person. When it was designed by LO'spaid designer, sometimes he would
bill my company AGS sometimes he did not. I have not sought repayment of that.
Currently Mel Page or myself have laid out the paper, and neither of us are paid to do it.
To my knowledge, none of my AGS companies have benefited financially through the
Lakewood Observer, other than an occasional small ad for AGS Printwear, that I do own
part of.
My belief is that "community papers" should be privately owned and for profit. I have just
chosen not to take any pay or part of the LO's profit. I am not sure if I could ask people to
volunteer if I was making 50,000 or 60,000+ a year. I feel bad doing it and I lose money
each year!
For the record, all Sharon and Rhonda have ever asked is how much did the event
Rhonda managed bring in?(Over a year, she managed it, no answer, think about it.)
I believe Rhonda now asked about pay, as they report $13,000?
Me all I want is an simple apology to Sharon, and the people spending the city's tax
money to account for it.
Yes, we are evil, evil people. Maybe we have the horns.
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