Billionaires aren't used to being told what to do by citizens - congratulations!

Submitted by Norm Roulet on Wed, 08/11/2010 - 21:55.

If you wonder why some powerful people in town and their pawns and puppets have been up in arms about realNEO and us bringing MCCO to trial... take a look at these financials (tons of money) and realize MCCO is listed as a Non-Profit Foundation for "Public, Society Benefit – Multipurpose and Other: Fund Raising and/or Fund Distribution" and a "Charitable Organization" - which is perverse, as they in fact cause immense public harm and they shouldn't even have this exemption... and should be "For Profit" and Paying Taxes

With 2009 assets of $66 million and annual sales over $33 million, MCCO was gaming another $500 million (according to former East Cleveland Mayor Brewer) in new funding (probably federal money) to build a new COAL facility at Lakeview and Euclid... even bought the land. The Opportunity Corridor is also being discussed - and the public is asked to wait a year before seeing any plans... as MCCO asks for a 5 year coal burning extension to operate as is for $150+ million more in activity - to burn 220,000+ TONS more coal... spew around 25,000 TONS more pollution...

Over the next 10 years MCCO will have activity of over $1 billion... and now THE CITIZENS get to decide how that money shall be spent.

Billionaires aren't used to being told what to do by citizens - congratulations!

That is making a difference for the environment, and to the following bottom line at MCCO... and the Billionaires are PISSED OFF ABOUT THAT!!!!

Medical Center Company
Employer Identification Number (EIN) 340714460
Name of Organization Medical Center Company
Address 2250 Circle Dr, Cleveland, OH 44106-2664
Activities Other school related activities, Other services or benefits to members or employees
Subsection Charitable Organization
Ruling Date 06/1937
Deductibility Contributions are deductible
Foundation Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
Organization Corporation
Exempt Organization Status Unconditional Exemption
Tax Period 12/2008
Assets $50,000,000 to greater
Income $10,000,000 to $49,999,999
Filing Requirement 990 (all other) or 990EZ return
Asset Amount $66,298,403
Amount of Income $33,851,675
Form 990 Revenue Amount $33,851,675
National Taxonomy of Exempt Entities (NTEE) Public, Society Benefit – Multipurpose and Other: Fund Raising and/or Fund Distribution


Disrupt IT

 

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