Reply #8: Hard to tell without detail

[AValdoux]

They claim to exist to "Support US Troops & Defeat Terrorism" by producing tv/radio commercials. They spent the bulk of their funds ($ 396582.79) on this except for $30827.92 worth of coffee to the troops, a teddy bear ( $219.97)& a few rallies to remember 9/11 ( $9406).

The Bank Service & Processing Charges is unusually high. Even if all the donations ($546964.38) were processed by credit card the highest % processing fee I've seen is 3%, that would come to $16408.93. So the processing fee includes more than the credit card companies fee, like $ 19,245.30.

Their balance sheet is a little weird, the only asset they claim is their cash on hand $43988.67. Its their first return filed and on the cash basis.

Hard to tell without more detail.


AValdoux