DTC Inc - Annual Report & Certificate of Disclosure

DTC Inc - Annual Report & Certificate of Disclosure DTC Inc - Downtown Tempe Community Inc

Listed here are several Annual Report & Certificate of Disclosure which is required to be filed once a year with the Arizona Corporation Commisssion.

Until 1996 the reports contained each corporation income and expense reports. After 1996 DTC Inc is not required to give their income. They just list officers and directors.

From these reports it appears that the City of Tempe is giving DTC Inc most of its money.

The Annual Report due on 10/15/93 was filed 3 months late and they paid a $6 late fee in addition to the $10 filing fee.

It listed no assets.

These people were on the board of directors as of 10/15/93.

The Annual Report due on 10/15/94

It looks like it was filed almost 2 months late on Dec 09, 1994 but no late fee's were listed.

This report lists lots of assets. It looks like the City of Tempe gave DTC Inc $233,000 and the DTC Inc got a measly $6000 from selling stuff.

If this is true then the City of Tempe claim that DTC Inc is a private business is a crock of shit. DTC Inc is the City of Tempe.

Here is some parts of the report

CASH RECEIPTS CITY "ASSESSMENT" FUNDS $187,500.00

(just what are "assessment" funds and does city mean the City of Tempe gave DTC Inc this money)

LESS: CHARGE FOR START-UP COSTS IN EXCESS OF $50,000 START-UP LOAN ($8,588.48)

(Hmmm - who made this $50k start-up loan)

CITY SAFETY FUNDS $53,962.11 ------------ TOTAL CASH RECEIPTS FROM CITY $232,873.63 ------------

(again that word city. does this mean the City of Tempe gave DTC Inc all this money)

PROMOTIONAL & EVENT SALES $5,927.31

(Must be the only honest money earned by DTC Inc)

LESS: DIRECT COSTS OF PROMOTIONAL & EVENT SALES ($3,907.17) ------------ GROSS PROFIT FROM PROMOTIONAL & EVENT SALES $2,020.14 INTEREST INCOME $1,455.43 ------------ TOTAL CASH RECEIPTS $236,349.20 ------------

CASH DISBURSEMENTS

(Im leaving most of the expenses out but get this line which is the money used for the goons who wear the T.E.A.M shirts)

PROGRAM COSTS STREET AMBASSADORS (SECURITY) $11,760.01 (Didn't DTC Inc clearly say that the goons wearing the T.E.A.M shirts on mill were NOT SECURITY but street ambassadors well in the DTC reports the T.E.A.M goons are clearly defined as security)

These people were on the board of directors as of 10/15/94.

The Annual Report due on 10/15/95

It looks like it was only filed one day late on 10/16/95. Again no late penaltys were listed on the form.

Here is the DTC Inc income for Jul 94 - Jun 95

ORDINARY INCOME/EXPENSE INCOME 300 INCOME 301 CARRY OVER FROM PREVIOUS 140,327.00 302 CITY ROLLOVER FUNDS 60,500.00

(is this money given to DTC Inc by the City of Tempe)

303 DISTRICT ASCESSMENTS 183,493.14

(again is this money given to DTC Inc by the City of Tempe)

304A EVENT SALES 412.75 --------- TOTAL 306 GROSS SALES 412.75 305 IN-LIEU RECEIPTS 306A ASU IN-LIEU 25,000.00

(Hmmm is ASU giving DTC Inc free money too? Or does DTC have to work for it like you and me)

306B HAYDEN IN-LIEU 1,416.00 306C TEMPE IN-LIEU 51,236.60

(is this another $50 grand gift from Tempe to DTC Inc)

--------- TOTAL IN-LIEU RECIPTS 77,654.60 307 SAFETY FUND 65,000.00 309 AMBASSADOR SERVICES 10,293.75 310 INTEREST INCOME 6,436.92 329 GRANTS AND CONTRIBUTITIONS 15,500.00 350 UNCATEGORIZED INCOME 1,964.50 --------- TOTAL 300 INCOME 563,582.00 ------------ TOTAL INCOME 563,582.00 ------------ GROSS PROFIT 563,582.00

As for as their Hitler Youth Program oops! I mean the goons dressed in the T.E.A.M uniforms i think they changed the name from

STREET AMBASSADORS (SECURITY)

AMBASSADOR PROGRAM

and spent $57,000 on it.

These people were on the board of directors as of 10/15/95.

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