Concerned Women for America's Failing Financials

CWA has filed their tax return for the year ended June 30, 2008. One of their obvious financial problems is that they are addicted to outside telemarketers. In fact, they spent more half of their gross revenues on outside fundraisers. To raise $10.4 million, they spent more than $5.5 million on outside fund raisers.People should know that less than 47 cents of every dollar they donate goes to CWA. They paid out almost a half-million dollars for list rentals which may – or may not – be included in the outside marketers expenses.

A few notes of interest:

• Their deficit for the year was $767,716
• This left them with a negative net asset value of $49,875.
• Their payables ballooned 44% from $832 thousand to $1.2 million. Their vendors are are probably not being paid on time — if at all.
• Included in the donation total is $129,000 that they booked as a receivable. In other words funds pledged but nor received.
• J. Matt (Bam Bam) Barber was being paid $91,000.
• They paid Jancie Shaw Crouse as a consultant a sum of $115,433.There are some potential tax issues.
• Two of the outside contractors have conflicts of interest. For expample, Advanced Marketing Concepts is owned by Beverly LaHaye's son and received $265,177.

It is also unlikely  that CWA felt the full brunt of the recission in the year ended June 30, 2008. I would speculate that they are now deep in the financial crapper. With a negative net asset value, it will be nearly impossible to borrow money. They currently owe Beverly LaHaye $150,000, She better get ready to pony up if she wants to keep this endeavor of hate alive.