Miss America Pageant Plays Accounting Games

Being a South Jersey native and growing up in Atlantic City, the Miss America Pageant was always an exciting thing.  I even got to be in the Miss America Parade in high school with the marching band.  But it wasn’t until seeing this John Oliver piece that I really gave it much thought.  Apparently the organization claims to provide scholarships of $4 million to women.  John’s team dug up all of the organizations tax returns, which are required to be open to public inspection because it is a non profit organization, and discovered that the actual dollar figure of scholarships given out was more along the lines of $500,000.  How can this difference be?  It turns out that Miss America comes to the $4 million figure by adding up all possible scholarships that they give, as well as all other scholarships that other organizations will give to their participants.  That is some creative accounting if I’ve ever seen any.  Watch the video- skip ahead to minute 9 to see the discussion on the tax returns.

 

Femfessionals Adds New Board Members and Community Ambassadors | South Florida Citybizlist

I am thrilled to be part of this fabulous group of professional women in Femfessionals Fort Lauderdale!

See the announcement in the CityBizList South Florida.

Femfessionals Adds New Board Members and Community Ambassadors | South Florida Citybizlist.

About Femfessionals and FemCity Ft. Lauderdale
Femfessionals connects ambitious professional women through “connection lunches,” original workshops, social media and www.femfessionals.com, creating individual communities within cities (FemCities) around the world. A Femfessional is a savvy business woman characterized as positive, open-minded, driven, professional, ambitious and desirous of forming strong strategic connections to benefit each other personally and professionally, and to the benefit of her community. Not only is she motivated to succeed, she is passionate about the success of others around her. For more information about Femfessionals, visit www.femfessionals.com For more information about FemCity Ft. Lauderdale, visit www.facebook.com/FemCityFtLaudy or @LauderFEMS on Twitter. – See more at: http://southflorida.citybizlist.com/article/femfessionals-adds-new-board-members-and-community-ambassadors#sthash.hLW2RzZB.dpuf