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Tom B.
Tom B., Barrister & Solicitor
Category: Canada Law
Satisfied Customers: 2263
Experience:  25 years in practice
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I am a member and an auditor of a non-profit organization.

Customer Question

I am a member and an auditor of a non-profit organization. We collect membership dues and entrance fees to our banquet events. We also own a building in downtown Toronto that is worth probably $5 million, and collect rent from an apartment and three stores. We also have an investment fund of around $800,000 that keeps being invested by the Treasurer only with no input from members and no co-signer. This is our income. We pay bills, insurance, hydro, gas, water, etc. We have not had a financial report in over 2 years. The Treasurer keeps making excuses (and her sister, the President of the organization) defends her. What are we supposed to do about this? We have no idea where are money is, how much is being spent, how much is being invested, etc. etc. Should this be mentioned to Canada Revenue (we are tax exempt)?
Submitted: 8 months ago.
Category: Canada Law
Expert:  Legal Ease replied 8 months ago.

What do the other board members say about this?

When is the next election for the board?

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