Is the Traditional Values Coalition in the red?

[ck4829]

Apparently, they set up a group called the Christian Seniors Association, it might be because the TVC is in need of emergency funds.

"Christian Seniors Association may represent a last-ditch effort by Viguerie to raise money for Sheldon. The Bulletin has obtained documents showing that Sheldon's tax-exempt Traditional Values Coalition ran operating deficits of more than $1 million in both 2000 and 2001 and remains in deep financial trouble.

The organization's own independent auditor, in a report prepared last year, warned that the recurring deficits "raise substantial doubt about its ability to continue as a going concern."

Nonetheless, Sheldon continued to pay himself, his daughter, Lafferty and at least one other relative from Traditional Values Coalition accounts. Andrea Sheldon Lafferty, the organization's executive director, was paid $58,933 in 2001 for working 26 hours a week. She also was paid $29,467 by an affiliated tax-exempt organization that Sheldon heads.

Sheldon also arranged to have the affiliate pay Phil Sheldon, one of his sons, and Lafferty, his son-in-law, consulting fees totaling more than $30,000 in 2001."

http://www.aarp.org/bulletin/consumer/a2003-08-19-crusaders.html

Are they going down? One can only hope so.

[salin]

1. A couple of Sheldon highlights from recent years:

He tells the NYT that Schaivo was a blessing - her cause got people to 'open up their checkbooks' for his organization.

He/his organization is used by Abramoff and Reed as a flow through conduit to get casino $$ so Ralph Reed who then uses the Christian Coalition in Alabama to act against their own interests - in the sense of ostensibly trying to 'slow the growth' of gambling down - where really it was to keep competion out for a casino - and keep their profits high.

I hope they are going down.

[Rageneau]

2. They only need to pray and God will give them all the money they need.

Unless they don't really practice what they preach.