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	<title>Payday Loan and Cash Advance Financial News Blog &#187; non-profit</title>
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	<lastBuildDate>Sun, 21 Mar 2010 15:30:27 +0000</lastBuildDate>
	
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		<title>ACORN: A Self-Sustained Economy (Pt. 3)</title>
		<link>http://personalmoneystore.com/moneyblog/2009/03/06/acorn-report-3/</link>
		<comments>http://personalmoneystore.com/moneyblog/2009/03/06/acorn-report-3/#comments</comments>
		<pubDate>Fri, 06 Mar 2009 17:35:25 +0000</pubDate>
		<dc:creator>Steven Tarlow</dc:creator>
				<category><![CDATA[Companies]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Statistical Data]]></category>
		<category><![CDATA[ACORN]]></category>
		<category><![CDATA[Employment Policies Institute]]></category>
		<category><![CDATA[non-profit]]></category>
		<category><![CDATA[operating budget]]></category>
		<category><![CDATA[Quick Loans]]></category>
		<category><![CDATA[Wade Rathke]]></category>

		<guid isPermaLink="false">http://personalmoneystore.com/moneyblog/?p=22529</guid>
		<description><![CDATA[Follow the money like a boomerang
Welcome to part three of our review of the Employment Policies Institute&#8217;s (EPI) report &#8220;Rotten ACORN: America&#8217;s Bad Seed.&#8221; Click here if you missed parts ONE or TWO.
ACORN is registered as a non-profit corporation out of Arkansas, a state that does not require public disclosure of corporate operating budgets. However, [...]]]></description>
			<content:encoded><![CDATA[<h2>Follow the money like a boomerang</h2>
<p><img class="alignright" src="http://blogs.premierstudios.com/files/2008/07/money-trail.jpg" alt="" width="288" height="192"  style="display:block;float:right;border:none;"/>Welcome to part three of our review of the <strong>Employment Policies Institute&#8217;s</strong> (EPI) report &#8220;Rotten <strong>ACORN</strong>: America&#8217;s Bad Seed.&#8221; Click here if you missed parts <a href="http://personalmoneystore.com/moneyblog/2009/03/05/acorn-report-1/" title="ONE">ONE</a> or <a href="http://personalmoneystore.com/moneyblog/2009/03/06/acorn-report-2/" title="TWO">TWO</a>.</p>
<p>ACORN is registered as a <strong>non-profit</strong> corporation out of Arkansas, a state that does not require public disclosure of corporate <strong>operating budget</strong>s. However, estimates of ACORN&#8217;s annual operating budget range from $30 million to $37.5 million, depending upon the source. The <em><strong>New York Times </strong></em>acknowledges that even these figures do not include the &#8220;vast resources of the ACORN-run unions or reflect election-year resources given to its ostensibly non-partisan get-out-the-vote efforts.&#8221;</p>
<h3>Yet they stiff their employees</h3>
<p>Here are just a few examples of where the money goes with ACORN, courtesy of EPI research. Note that in all cases, the money is kept in house. They could make <strong>quick loans</strong> outside the circle if they chose to, which they don&#8217;t. One organization pays the other under the ACORN umbrella, and it all comes back to <strong>Wade Rathke</strong>:</p>
<ul>
<li>SEIU Local 100&#8217;s Department of Labor financial disclosure for the year 2000 showed a $58,654 grant of union members&#8217; money to another labor group called Hospitality, Hotel &amp; Restaurant Organizing Council (HOTROC), which was also founded by Wade Rathke</li>
<li>ACORN paid Citizens Consulting, Inc. (which is run by Dale Rathke) $520,000 for lobbying between 1998 and 2004</li>
<li>Department of Labor financial disclosures show at least $623,829 in transactions between ACORN&#8217;s SEIU locals 100 and 880 and other Rathke/ACORN-run operations</li>
<li>From 2000 through 2003, Project Vote paid more than $1.7 million to ACORN and Citizens Consulting</li>
<li>Between 1997 and 2003, the Mutual Housing Association of New York paid more than $2.1 million in contractual fees to the New York ACORN Housing Association</li>
<li>Mott Haven ACORN Housing Development Fund Corporation paid more than $233,360 in contractual fees to the New York ACORN Housing Company. At the same time, Mott Haven owed as much as $435,000 to the Mutual Housing Association of New York</li>
<li>The Association for Rights of Citizens, which carries brother Wade and Cornelia Rathke on its board of directors, loaned tens of thousands of dollars to SEIU Local 100, ACORN&#8217;s Missouri Tax Justice Research Project, and ACORN, and has made grants totaling tens of thousands of dollars to ACORN</li>
<li>ACORN&#8217;s Agape Broadcasting Foundation showed notes and loans receivable of more than $100,000 from other ACORN-affiliate entities. ACORN&#8217;s Affiliated Media Foundation Movement showed notes and loans receivable of nearly $250,000 from other ACORN entities, while also showing notes and loans payable of more than $1.1 million to ACORN and its Institute for Social Justice</li>
<li>Tax forms show that since 1997, the ACORN Housing Corporation has paid more than $5,100,000 in fees or grants to other ACORN entities</li>
<li>Since 1997, the American Institute for Social Justice has given grants in excess of $7 million to ACORN and its affiliates</li>
</ul>
<h3>The money is there</h3>
<p>But ACORN employees don&#8217;t see much of it. <a href="http://personalmoneystore.com/moneyblog/2009/03/06/acorn-report-4/" title="CLICK HERE">CLICK HERE</a> for part four of this series to see how ACORN treats the people who work for them.</p>
<p><strong>Related Videos:</strong></p>
<p><a href="http://www.youtube.com/watch?v=jsT0LdeVomc" rel="external"><img style="border: 0pt none; margin: 2px; cursor: pointer;" title="More allegations of ACORN not paying workers and voter registration irregularities" onclick="show_video('jsT0LdeVomc', 'More allegations of ACORN not paying workers and voter registration irregularities', 'More allegations of ACORN not paying workers and voter registration irregularities', '21490','4.44');" src="http://img.youtube.com/vi/jsT0LdeVomc/default.jpg" border="0" alt="" hspace="2" vspace="2" width="130" height="97"  style="display:block;float:right;border:none;"/></a> <a href="http://www.youtube.com/watch?v=O6TJpLUOZqo" rel="external"><img style="border: 0pt none; margin: 2px; cursor: pointer;" title="Obama's ACORN Voter Fraud" onclick="show_video('O6TJpLUOZqo', 'Obama´s ACORN Voter Fraud', 'Obama´s ACORN Voter Fraud', '17779','4.14');" src="http://img.youtube.com/vi/O6TJpLUOZqo/default.jpg" border="0" alt="" hspace="2" vspace="2" width="130" height="97"  style="display:block;float:right;border:none;"/></a> <a href="http://www.youtube.com/watch?v=4r8Xoc51uqk" rel="external"><img style="border: 0pt none; margin: 2px; cursor: pointer;" title="ACORN Truth: Obama's ACORN Tree" onclick="show_video('4r8Xoc51uqk', 'ACORN Truth: Obama´s ACORN Tree', 'ACORN Truth: Obama´s ACORN Tree', '1561','4.00');" src="http://img.youtube.com/vi/4r8Xoc51uqk/default.jpg" border="0" alt="" hspace="2" vspace="2" width="130" height="97"  style="display:block;float:right;border:none;"/></a></p>
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