DAVENPORT — Longtime Quad Cities Alcove of Commerce affiliate Steven Landauer said he is actuality denied admission to the organization’s banking abstracts afterwards its $974,000 accident in 2014.
The Davenport CPA said he requested banking statements from the alcove afterwards reviewing the “990” federal tax anatomy nonprofit entities use to book with the Internal Revenue Service.
The chamber’s best contempo 990 anatomy — for July 1, 2013, to June 30, 2014 — shows it absent added than $974,000. The chamber’s latest 990 anatomy is not accessible yet.
Mr. Landauer additionally has additionally filed a complaint with the IRS, advertence the alcove is adapted to accommodate that information.
Chamber CEO Tara Barney said the alignment makes advice accessible “according to the rules of our organization.
“Our attorneys are alive with his (Mr. Landauer’s) to accomplish abiding that he gets what is appropriately available,” she said Friday.
“Our regulations say we administer banking advice to associates back they accept an adapted purpose for it,” she said. “And so, our attorneys are talking to his attorney. And I’m abiding if there is an adapted purpose, we’ll assignment it out.”
Mr. Landauer disagrees, adage federal law requires the alcove to accede with his request. He said he accustomed the runaround from the alcove in a alternation of emails this month.
On Jan. 2, Mr. Landauer emailed Alcove Arch Operating Administrator Betsy Brandsgard requesting the audited banking statements for the Quad Cities Alcove of Commerce.
“Hopefully, these statement(s) accommodate Quad City First, NewVentures Inc., Grow Quad Cities Fund Iowa, Grow Quad Cities Fund Illinois and any added accompanying entities,” Mr. Landauer’s email said. “Please accommodate the audits for the year catastrophe 6/30/2013, 6/30/2014 and the accepted year 6/30/2015 if completed.”
On Jan. 6, Ms. Brandsgard asked Mr. Landauer what advice “exactly” he was seeking. She named the chamber’s abundant committees — including a abstracted ysis board — and said they are “populated by smart, ethical, financially adeptness business and association leaders.
“Each accumulation plays a role in reviewing, administering and acknowledging banking and authoritative affairs — appropriately you can be assured the Alcove has the account of abounding banking and operational advice and ysis by absolute professionals,” she declared in an email to Mr. Landauer. “The Alcove does not accomplish accessible its anniversary audits, admitting you can consistently admission our 990s as you can for any not-for-profit entity.”
On Jan. 6, Ms. Barney responded to Ms. Brandsgard email, writing, “Well put. If he (Mr. Landauer) has questions, I will be absorbed in alive what they ability be. We’ve been asked by the papers, the cities and others for our financials.
“We don’t allotment them,” her email states.
According to borough banking reports, the alcove in 2015 accustomed $384,000 from bristles cities: $174,904 from Moline, $140,000 from Davenport, $30,100 from Rock Island, $24,000 from East Moline and $15,000 from Bettendorf.
Money is accustomed for a aggregate of reasons, from dues, to Quad Cities First, to Moline’s Main Street program, which is overseen by the chamber.
The Iowa Principles and Practices for Charitable Nonprofit Excellence — developed by the Iowa Governor’s Nonprofit Task Force in 2004 and revised in 2011 — states “the ysis or banking account (of a nonprofit organization) should be accessible to all funders, government regulators and the public.” The certificate appears on the Iowa Secretary of State’s website.
The federal 990 anatomy additionally includes a Schedule O account what advice is or isn’t accessible to the public. The chamber’s Schedule O states “the alignment makes its administering documents, battle of absorption action and banking statements accessible to the accessible aloft request.”
On Jan. 13, Davenport CPA Nick Nauman a alcove arch banking administrator Vicky Diamond that a member’s appeal to audit banking abstracts charge be in autograph and submitted beneath oath.
“Further, the appeal should accompaniment specific abstracts approved and the purpose for the inspection,” Mr. Nauman wrote. “Further, the being requesting the advice charge do added than aloof accompaniment a purpose, he charge clear what he intends to do with such information.”
Mr. Landauer said he aloof wants to see area the money is activity and why the alcove shows it was $974,000 in the red for its latest 990 filing.
“For the activity of me, I don’t apperceive what’s activity on,” Mr. Landauer said.
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