Read the entire tax return - makes for interesting reading. Ruth ________________________________ From: Peggy <pmick12@xxxxxxxxxxx> To: showgsd-l <showgsd-l@xxxxxxxxxxxxx> Sent: Tuesday, November 1, 2011 6:37 AM Subject: [ SHOWGSD-L ] Re: Increases in AKC registration fees shared by Peggy Copied with permission to forward from Elaine Summerhill. Please credit her with the comments, they relate to the increases in registration fees. (from the TXShowdogs elist, although Elaine lives near Albuquerque, NM) With this, the AKC is going to drive the small people out of the game. It will be a rich man's game only. Â Obviously, none of those who have made this proposal have passed Economics 101, i.e., the law of diminishing returns. Â This action by the AKC during these hard times is suicidal. I find it hard to feel sorry for the AKC's current financial status, given that their tax statements for the years 2007-2009 are as follows: 2009 Net Assets $40.5 million 2008 Net Assets $22.8 million 2007 Net Assets $67.0 million. This information was found on Guidestar.com. Â The 2010 information is not yet available there. The 990 form for the year 2009 shows that the revenue from registrations was $27,767,561. Expenses for registration were $20 million. Other 2009 expenses were for independent contractors: Accounting - $201,900; IT consultant - $108,994; Legal firm in NYC - $108,536 and Legal firm in Wash DC - $137,500. Then, there are the salaries... Â Here are a few... Dennis Sprung - $710K James Stevens - $469K James Crowley - $267K John Lyons - $380K I think it is time that the AKC tighten its collective belt and they can start by closing & moving those expensive NYC offices to NC. Â Also, I think they need to re-examine the salaries that they pay the upper management and reduce them accordingly to a salary more in line with what other "non-profit" organizations provide. Â We, the small breeders and owner handlers, are not a small number. It is past time the AKC hears our voices. The AKC is where it is not because of the high dollar owners, but because of us. Â We need to "Occupy the AKC". Â Elaine Summerhill DM Greyhounds PS - Feel free to distribute. ===========================================================================POST is Copyrighted 2011. All material remains the property of the original author and of GSD Communication, Inc. NO REPRODUCTIONS or FORWARDS of any kind are permitted without prior permission of the original author AND of the Showgsd-l Management. ALL RIGHTS RESERVED. Each Author is responsible for the content of his/her post. This group and its administrators are not responsible for the comments or opinions expressed in any post. ALL PERSONS ARE ON NOTICE THAT THE FORWARDING, REPRODUCTION OR USE IN ANY MANNER OF ANY MATERIAL WHICH APPEARS ON SHOWGSD-L WITHOUT THE EXPRESS PERMISSION OF ALL PARTIES TO THE POST AND THE LIST MANAGEMENT IS EXPRESSLY FORBIDDEN, AND IS A VIOLATION OF LAW. VIOLATORS OF THIS PROHIBITION WILL BE PROSECUTED. For assistance, please contact the List Management at admin@xxxxxxxxxxx VISIT OUR WEBSITE - http://showgsd.org ; SUBSCRIPTION:http://showgsd.org/mail.html NATIONAL BLOG - http://gsdnational.blogspot.com/ ============================================================================ÿÿ ============================================================================ POST is Copyrighted 2011. All material remains the property of the original author and of GSD Communication, Inc. NO REPRODUCTIONS or FORWARDS of any kind are permitted without prior permission of the original author AND of the Showgsd-l Management. ALL RIGHTS RESERVED. Each Author is responsible for the content of his/her post. This group and its administrators are not responsible for the comments or opinions expressed in any post. ALL PERSONS ARE ON NOTICE THAT THE FORWARDING, REPRODUCTION OR USE IN ANY MANNER OF ANY MATERIAL WHICH APPEARS ON SHOWGSD-L WITHOUT THE EXPRESS PERMISSION OF ALL PARTIES TO THE POST AND THE LIST MANAGEMENT IS EXPRESSLY FORBIDDEN, AND IS A VIOLATION OF LAW. VIOLATORS OF THIS PROHIBITION WILL BE PROSECUTED. For assistance, please contact the List Management at admin@xxxxxxxxxxx VISIT OUR WEBSITE - http://showgsd.org SUBSCRIPTION:http://showgsd.org/mail.html NATIONAL BLOG - http://gsdnational.blogspot.com/ ============================================================================