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Post by Bill on Feb 23, 2009 13:03:07 GMT -5
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Post by Museum Observer on Feb 23, 2009 13:10:22 GMT -5
Whether or not CPC is subleasing the building until they have adequate funding, or they have given up the lease themselves is unclear. adequate funding seems a long way into the future The IRS Form 990 filed by CPC for 2007 showed a loss of $86,721 leaving them a deficit of $43,903 for the year
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Post by bernard on Feb 23, 2009 14:12:33 GMT -5
Looking from this side of the Atlantic at the public domain information about the museum project it is amazing that they have hung on for so long.
For some reason that is not yet in the public domain CPC choose a very expensive style of museum. Had they not made that decision it is likely the museum would have opened.
Why did they make that decision ? Was it bad advice that was given to them or were they asked to commit to that style without being made aware of the real cost of that style. Or were they jsut over confident of their ability ?
What ever it is a great shame that the project has gone so wrong.
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Post by Theresa on Feb 23, 2009 16:25:52 GMT -5
It's just sad, but not surprising. Without leadership and direction, it is certainly hard to move forward. Not much to say about it, except could they not have used a different picture in the listing?? The one with the sad banner announcing the museum is just so wrong; it adds insult to injury... Ugh.
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Post by Museum Observer on Feb 24, 2009 16:33:31 GMT -5
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Post by bernard on Feb 26, 2009 4:29:00 GMT -5
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Post by bernard on Feb 28, 2009 8:27:38 GMT -5
The tax returns submitted by CPC for year 2007 show they started the year with assets of $ 42,818 and ended the year with a deficit of $ 43,903 $119,080 expenditure $ 32,359 total income -------------- $ 86,721 deficit for the year. This information is taken from the IRS tax form 990 for CPC year 2007 which is a document open to public inspection It seems un-likely that CPC will be able to fund a museum of any style until they are able to recover credibility and potential donors can then once more have confidence in the management of and policies operated by CPC. If CPC do have a revised plan then it would be advantagous for CPC if it were to be shown on the museum website.
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Post by bernard on Mar 17, 2011 8:43:13 GMT -5
The IRS form 990 for CPC's year ending December 2009 is now in the public domain at www.guidestar.orgIt shows income, expenditure, loans and end of year deficit.
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