Wrong Burgundy
Well-known member
In reference to the original post that makes a claim for "unredacted financial statements," most people don't know enough about financial statements and tax returns to know what they are asking for or what claims they make with their comments.
There is a big difference between a financial statement and a Form 990 that people download and try to glean information from. A Financial Statement, issued under General Accepted Accounting Principles, would never show donor details or information about donors. That is not what a financial statement is designed to provide. If audited, which I suspect BHA has audited financials, they will be fully transparent financial statements. If not, the auditor cannot express an opinion about such financial statements. Yet, such financial statements with a clean auditors' opinion will contain no information about donors and I doubt that such clean auditors' opinion would satisfy those wanting to know all the details of donors.
As for "redacted" financial statements that are being referred to in those screen shots, those are pages downloaded from the IRS website from Form 990. When looking at IRS Form 990, some donor information is not subject to public disclosure, by law (Congressional directive). The Congress/IRS requires those redactions, not the charity filing the Form 990. No matter what charity you download Form 990 for, you will find these redactions.
If someone is looking for a special report showing complete detail of every donor, that is not a financial statement. That would require a special report resulting from an "Agreed Upon Procedures Engagement" by outside auditors, something that no organization in the non-profit world would ever provide, and to my knowledge, has never been provided by a non-profit. For many reasons. First, and probably most important ,is donor confidentiality. Donors, whether foundations or individuals, do not want their personal donations made public. You never see this from anti-public land groups, pro-public land groups, your local church, your pro-gun groups, anti-gun groups, not from any groups. You don't see it for a reason and you likely never will, from any organization, including BHA.
It will come down to whether or not this topic is such a big deal for BHA that they lose members or donors. That is a balance they have to walk.
Anyone claiming the failure of a non-profit to voluntarily disclose their donor list (and be the first non-profit in history that I am aware of) is somehow proof of fishy business with a non-profit, seems to stem from either a lack of understanding of the legal issues surrounding such donor disclosures or might stem from the desire to confirm other disagreement with said charity.
I think we can safely say that Randy has outlined in great detail the "how, why, when" very objectively.....and as Ben Long stated, if you don't like it, support something else.