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Old April 13th 06, 12:20 PM posted to rec.bicycles.racing
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Default US Cycling Development Foundation Tax Filing Questions


"Casey Kerrigan" wrote in message
...
In article . net, B.
Lafferty wrote:

Interesting that in the Foundation's 990 for 2004 Steve Johnson is listed
in
Statement 8 as received $125,000.00 plus a benefit contribution of
$25,,892.00 dollars from USA Cycling, Inc. as a related organization.

http://www.guidestar.org/FinDocument...1-01df1fc9-9.p
df

However, the 2004 990 filing for USA Cycling, Inc. does not list any
salary
payment to Steve Johnson.

http://www.guidestar.org/FinDocument...7-01e3d06a-9.p
df
The 990 does list compensation for Gerard B. in the amount of $158,750.00

So where the $125,000 that Steve Johnson says he didn't get from USACDF
that
is reported on the USACDF 990 as coming from USAC, Inc. which is not
listed
on USAC, Inc.'s form 990?



Did you bother to read schedule A of the USAC 990 form?


Yes. You missed the point. Who's paid employee is he; USAC or USADF? He's
listed as a USAC employee receiving a USAC salary without mention of a
USACDF employee with a salary drawn from USAC. The problem is in the USAC
filing not making transparent his relationship with USACDF.


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