With the recent announcement that the National Association of People with AIDS has ceased operations and filed for bankruptcy we are given another stark reminder of why it is vitally important for AIDS organizations to operate in an open and tansparent manner.
We calling on Paul Kawata, Executive Director of the National Minority AIDS Council (NMAC) to make available, at a minimum, the following information:
- The last three years of NMAC’s IRS form 990 filings
- The last three years of Independent Financial Audits of NMAC
- The last three years of Annual Reports
- NMAC governing documents (bylaws, etc.)
None of these basic documents are available on the NMAC website, a significant fact especially in light of the financial performance of NMAC over the past four years:
- 2008 Net loss of $ 389,251
- 2009 Net loss of $ 527,542
- 2010 Net loss of $ 52,531
- 2011 Net loss of $ 937,627
That’s a cumulative NET LOSS of $1,906,771 over the past four years. Losses in each of the past four years is problematic and raises many questions that deserve to be answered.
During this four year period, Paul Kawata’s salary and benefit package has increased to $272,711 per year.
There is no excuse for the NMAC 990′s, audits, governing documents and annual reports to not be readily accessible on the NMAC website.
We look forward to being able to report that NMAC has agreed to provide ready access to this information on NMAC.org in the very near future.