MAIG FUNDING = Bloomburg

From the MAIG tax exempt filing.
Annual Filing for Charitable Organizations

2007

During the period from April 9, 2007 (date of incorporation) to December 31, 2007, the Fund received $725,000, or approximately 99% of the contribution revenue reflected in the accompanying statement of activities, from one donor.

2008

During the year ended December 31, 2008, the Fund received $1,700,000 or approximately 76% of the contribution and grant revenue reflected in the accompanying statement of activities from one donor. A second donor contributed approximately $500,000 or approximately 22% of the contribution and grant revenue for the year ended December 31, 2008. Contributions receivable at December 31, 2008 are receivable within the next year.

2009  (This looks like an error because the documents have 2009 on them but this section still has the 2008 info.)

During the year ended December 31, 2008, the Fund received $1.700.000 or approximately 76% of the contribution and grant revenue reflected in the accompanying statement of activities from one donor. A second donor contributed approximately $500,000 or approximately 22% of the contribution and grant
revenue for the year ended December 31, 2008.

2010

During the year ended December 31, 2010, the Fund received $2,550,000, or approximately 99.97%, of the contribution and grant revenue reflected in the accompanying statement of activities from one donor.

2010 – Who is(are) the other idiot(s) that donated the remaining 0.03% or $765. How can the press ignore that MAIG is a one man group and others join because he gives many of them money for their election.

MAIG also had other “IN-KIND” contributions and they look like they are mostly in the $80 K to $110K range per year but it is impossible to say who they are or what they are talking about.

Take note of the officers and how much they don’t work with MAIG.  I don’t have the time right now to research them but the Chairman & Director, Arkadi Gerney, only list 1 hour a week of work; Richard Descherer, Vice-Charman & Director only list .10 or 6 minuets of work a week and Diane Rizzo, Secretary & Treasurer list .30 or 18 minuets of work a week on MAIG.  But what do you expect – they are working for free.

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