This will be our last blog on our home state of California and for this week we have Big Brothers Big Sisters of Orange County and the Inland Empire, Young Men's Christian Association Of Silicon Valley, Young Men's Christian Association Of The East Bay and Habitat for Humanity of Greater Los Angeles.
Some of the questions we have for Big Brothers Big Sisters of Orange County and the Inland Empire are:
Why did you take out a PPP loan of $981,000 when the organization had $16 million in net assets?
On the $5.3 million spent on programming, can you tell us more about what you did with the students?
For program expenses you had $427,000, what did you purchase?
Did you lose $79,000 on your Gourmet Dinner fundraising event?
What is the BBBSOC Qalicb Inc?
Some of the questions we have for Young Men's Christian Association Of Silicon Valley are:
Why did you take out a PPP loan of $9.45 million when the organization had $66 million in net assets?
Can we have a better breakdown on the $58 million (4a&4b) of your program expenses?
Why is your pension plan at $2.5 million?
Bank charges over $1 million, bad debt over $700,000, what happened?
Why are the top 11 people making over $3.5 million?
Some of the questions we have for Young Men's Christian Association Of The East Bay are:
Why did you take out a PPP loan of $7.2 million when the organization had $90 million in net assets?
You already received over $26 million in government grants, why did you think it was acceptable to ask for more?
What did the employee benefits of $3.7 million go towards?
Can you break down the $3.6 million for other expenses (11g)?
Isn't your CEO’s base compensation a little high at $590,000?
Some of the questions we have for Habitat for Humanity of Greater Los Angeles are:
Why did you take out not one, but two PPP loans of $1.7 million and a second for $1.5 million when the organization had $22 million in net assets?
We see you made over $18 million in revenue on home sales, restore sales and mortgage discounts. Can you tell us more about your home buying and selling process?
Why didn’t you give a better breakdown in schedule O for the $15 million spent on 24a-e (cost of home construction, home goods, home repair, building events/community and other)?
What are your other assets of $8.4 million?
Can we learn more about your relationship with Partnership Housing Inc?
We reached out to Big Brothers Big Sisters of Orange County and the Inland Empire, Young Men's Christian Association Of Silicon Valley, Young Men's Christian Association Of The East Bay and Habitat for Humanity of Greater Los Angeles in order to ask them about these questions, but they never responded for a comment.
In conclusion, Big Brothers Big Sisters of Orange County and the Inland Empire, Young Men's Christian Association Of Silicon Valley, Young Men's Christian Association Of The East Bay and Habitat for Humanity of Greater Los Angeles should give the money back just like Fortune 500 companies did, but with a twist. Half going back to the government and the other half going back to Building Blocks for Kids. Farmers & Merchants Bank of Long Beach, Heritage Bank of Commerce, Cornerstone Community Bank, and Cathay Bank can give back any revenue made for creating this loan. Not sure what the government will do with their half, yet BBFK knows exactly what we will do with our portion.
Building Blocks for Kids would get a total amount of $10,410,000. Here is how that breakdown of that money will look like:
$60,000 towards our website.
$10.350,000 for 345 classrooms in California
Helping 345 teachers, over 9,660 students with financial literacy and career discovery education for a full year. To learn more about the BBFK: MORE Program visit: https://bbfkids.org/
Big Brothers Big Sisters of Orange County and the Inland Empire, Young Men's Christian Association Of Silicon Valley, Young Men's Christian Association Of The East Bay and Habitat for Humanity of Greater Los Angeles #doBetter and with this amount we can do #MOREtogether to truly help the youth in Los Angeles, give our youth a better chance for financial freedom and a better place to live. #doMORE