This week we have Washington D.C and the group in question this week is American College of Cardiology Foundation and some questions we have for them is:
Why did you take out a PPP loan for $10 million when the organization has over $100 million?
Does your annual meeting bill for Freeman Audio Visual Solutions need to cost over $1.9 million?
Can we discuss most of your Statement of Functional Expenses? $121,000,000 in expenses!!!
Why do you think it's okay to ask for a PPP loan when you have over $27,000,000 in Savings and temporary cash investments?
Do you really believe your explanations in Schedule O are detailed descriptions of the financial expenses??
Tell us more about ACC LLC 1 and American College of Cardiology?
We reached out to the American College of Cardiology Foundation in order to ask them about these alarming points we came across but they never responded for comment.
In conclusion, the American College of Cardiology Foundation, 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. City First Bank, National Association can give back any revenue made (penalty should double that amount) 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 $5,000,000. Here is how that breakdown of that money will look like:
$50,000 towards our website.
$4,950,000 for 165 classrooms in Washington DC
Helping 165 teachers, over 4,600 students with financial literacy and career discovery education for a full year. To learn more about the BBFK: MORE Program visit: https://bbfkids.org/
American College of Cardiology Foundation Inc #doBetter and with this amount we can do #MOREtogether to truly help the youth in Washington DC, give our youth a better chance for financial freedom and a better place to live. #doMORE
If you believe in our program for high school and college students you can help out by donating at https://bbfkids.org/donate