Charity’s salaries pique questions

Angel Food Minstries Inc., the Ga.-based charity that sells discount groceries, has paid more than $2.5 million in one year to the family that founded and operates the organization, the York Daily Record reports.The Wingo family has also borrowed more than $1 million from Angel Foods, which they founded in 1996. (Full disclosure, this piece […]

Angel Food Minstries Inc., the Ga.-based charity that sells discount groceries, has paid more than $2.5 million in one year to the family that founded and operates the organization, the York Daily Record reports.The Wingo family has also borrowed more than $1 million from Angel Foods, which they founded in 1996.

(Full disclosure, this piece was written by my wife.)

Moneyquote: “Dan Busby, an accountant and acting president of the Evangelical Council for Financial Accountability, looked at AFM’s 2006 tax documents and noted the compensation and loans. His group emphasizes the importance of financial accountability, transparency and sound board governance at Christian nonprofit organizations. `For a nonprofit that emphasizes helping the poor to take $2.5 million in executive and family compensation that is 12.5 percent of (that year’s spending) for what appears to be insider salaries-and to loan $700,000 to insiders in the same year-is extraordinary,’ Busby said.”


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