Downtown Greensboro Incorporated, Federal Tax Returns

Are you aware that DGI may have access to your personal credit ratings? From DGI's 2004 Federal Tax Returns:

"FORM 990, PART VI - NAMES OF RELATED ORGANIZATIONS

DOWNTOWN GREENSBORO FOUNDATION
DOWNTOWN GREENSBORO IMPROVEMENT CORPORATION
GREATER GREENSBORO MERCHANTS ASSOCIATION
CREDIT BUREAU OF GREATER GREENSBORO, INC .

To be honest, I don't know the Federal definition of "related organizations" but perhaps someome reading will see fit to share.

In 2005, DGI gave $156,539.oo to the Downtown G'boro Improvement Corp-- another name for Downtown Greensboro Inc. I think. And what is "residential management" and who got that check for $146,473.oo?

I'm not an accountant and I don't play one on TV but paying money to yourself seems kind of fishy to me.

Yes, as a matter of fact I do know I'm a poet.

Want to go poking around through the Federal tax returns of a few non profit foundations on you own? That was the link.

Continue to page 38. Community Foundation of Greater Greensboro, Federal Tax Returns.

Downtown Greensboro Improvement Corporation Board Of Directors

According to the filings of the NC Secretary of State, the Downtown Greensboro Improvement Corporation has but 1 member, Downtown Greensboro Incorporated. The articles of incorporation state that the Downtown Greensboro Improvement Corporation is to be managed by its board of directors. As to who makes up that board? The best answer I've come up with to date is the exact same people who sit on the board of DGI right down to the last man.

Is this legal? Ethical? Why does Downtown Greensboro Incorporated operate under no less than 4 different names? And why does it appear that hundreds of thousands, perhaps millions of taxpayer dollars are being shuffled back and fourth through a dozen or more local non profits who are all run by the same people?

And don't even get me started on the political action committees these non profits are involved with.

Finally, a trivia question that has nothing to do with this investigation whatsoever, can anyone reading this tell me who's name is on more buildings in North Carolina than any other person? Hint: She's running for reelection.

Continue to page 17. Greensboro Housing Coalition Board Of Directors.