The "Table of 18 Million Truths:"
Review of IRS Form 990 filings made by Davis/RSF during 2003 - 2014, for their various tax exempt 501(c)(3) non-profit entities, reveals that Michael Arelen Davis made over $18 Million of tax-exempt charitable grants.
During the eleven year period studied, approximately 93% of all charitable grants reported to the IRS by Michael Arlen Davis' Skywords Family Foundation went to entities controlled by and/or related to 1) chairman Michael Arlen Davis, Cyanotech's largest shareholder, and 2) Rudolf Steiner Foundation, Cyanotech's second largest shareholder of record.
In other words, about 93 cents of every $1.00 charitably granted by Michael Arlen Davis during the 2003 - 2014 period went to entities controlled by, or related to, Michael Arlen Davis and Rudolf Steiner Foundation
The comments section below this post is available for anyone who cares to explain the public benefit that warrants the special tax treatment for Chairman Davis.
Read More: Follow the Davis Grant Money...
Read More: The Davis Web of Non-Profits
Read More: The Davis/RSF Operating Model
Thursday, July 13, 2017
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