This week we have Oklahoma and the group in discussion is The Museum of the Bible. Some questions we have for this organization are:
Why did you take out a PPP loan for $4.2 million when the organization has over $400 million net assets?
Why does the organization have a pension of $300k, use $6.8m for advertising and have a bad debt of $2.2m?
If there are $15 million in public securities and $400 million in real estate, why were these funds not utilized?
Why is $722,797 spent between 10 consulting groups when there is not $1 raised from them?
Do you believe there is a conflict of interest to have business interactions that value $747,764 with Hobby Lobby Stores when the Chairman of Board owns shares in the company?
We reached out to The Museum of the Bible in order to ask them about these questions we came across, but they never responded for a comment.
In conclusion, The Museum of the Bible 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. BOKF, 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 $2,100,000. Here is how that breakdown of that money will look like:
$2,100,000 for 70 classrooms in Oklahoma
Helping 70 teachers, over 1,900 students with financial literacy and career discovery education for a full year. To learn more about the BBFK: MORE Program visit: https://bbfkids.org/
The Museum of the Bible #doBetter and with this amount we can do #MOREtogether to truly help the youth in Oklahoma!! If you believe in our program for high school and college students you can help out by donating at https://bbfkids.org/donate