Bicycle Austin
Michael Bluejay was born into a cult.Read about it here.
A volunteer project by Michael Bluejay.
Awarded "Best of Austin" by the Austin Chronicle.
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This is a very poor way to donate money for cancer research. According to their Form 990 for 2008 - filed with the IRS, $447,396 was donated to the organization of which only $227,000 went to the category 'Program Expenses'.
A staggering 49.3% of the monies donated went to Executive compensation, bicycle equipment, food. gas and other support costs as well as fund raising costs. For comparison; 86% of money donated to Susan G Komen Foundation goes to 'Program Expenses' while the American Cancer Society is also a high 80% efficient.
(To see the Form 990s for this charity - free subscriptions are available at www.guidestar.org )
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