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CPA & SCDOR Report Shows Chad Connelly Misappropriated $99,935?

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UPDATE (1/27/2020 @ 5PM): Read the FitsNews article: https://www.fitsnews.com/2020/01/27/sc-school-choice-battle-misappropriation-allegations-greeted-by-lawsuit-threat/

Wow … just when you thought it could not get worse at (not so) Exceptional SC … SCDOR & the CPA release their annual January 15th, 2020 “report” on the program.

And the “Report” is a virtual treasure trove of malfeasance.  We will have more to come … but the BLOCKBUSTER is the apparent FINANCIAL ABUSES by leadership at (not so) Exceptional SC!!!

Click HERE or picture above for FULL report

Section 12-6-3790 (B)(4) of the ECENC law states “The public charity may expend up to two percent of the fund for administration and related costs.”

The legislative appointed Board Chairman Tom Persons (appointed by Senator Hugh Leatherman) has actually asked legislators for more administrative fees … yet that request has fallen on deaf ears with a resounding NO!!! But it appears they “took” the money anyhow … and took it out of the scholarship funds intended for the kids.

Attached to the 2018-2019 ECENC report were Compiled Financial Statements for the “ECENC Fund” (aka Exceptional SC), issued by The Hobbs Group, P.A. (www.HobbsCPA.com). The report indicates that (not so) Exceptional SC spent in excess of the allowed 2% for administration and related costs – to be exact, by looking at the statement and after doing a simple math (see below), it appears that $99,935 was misappropriated. With raising $11,575,509 in donations allowed expenses should have NOT exceeded $231,510, yet per SC DOR, Exceptional SC charged $331,445!!!

Note that the CPA exhibit clearly indicates that $183,578 of “Contract Services” was charged as an expense against SCHOLARSHIPS. Basically the former SCGOP Chairman #FireChadConnelly is taking money from the 98% of scholarships to pay himself!!!  Yes, it appears Chad gets paid via “Contract Services” … as the $31,500 appears to be for Administrator Becky Fleming (from the political group First Tuesday Strategies – www.firsttuesdaystrategies.com). Are they above the law???

Board Chairman Tom Persons (aka #RemoveTomPersons) has famously claimed that they are an all volunteer group … and personally told us that NOT ONE DIME IS BEING SPENT ON EVEN A HOT DOG … but the CPA / DOR report clearly demonstrates that for the 12 month period … (not so) Exceptional SC spent … $331,445 in expenses.

$331,4445 is a lot of hot dogs Mr. Persons!!!

IN RESPONSE TO THE SENATOR HUGH LEATHERMAN APPOINTEE CLAIMING THEY ARE AN ALL VOLUNTEER GROUP AND NOT ONE DIME IS BEING SPENT ON EVEN A HOT DOG.

This image has an empty alt attribute; its file name is 2020-01-23-Analysis-v1-995x1024.jpg

Remember when we reported about #FireChadConnelly getting paid $45,200 for two months of work? Well, now it all makes sense … not only did #FireChadConnelly spend $331,445 to “run” Exceptional SC into the ground …  he with the apparent support of #RemoveTomPersons spent $99,935 more than the law allowed to cover his own salary, the administrator Becky Fleming and apparently one other “contractor” … the political operative Dave Wilson from McAlister Communications (www.mcalistercommunications.com). #FollowTheMoney!!!

So … the questions remain, how many jobs does #FireChadConnelly have and did the Exceptional SC Board approve the apparent misappropriation of $99,935 … or did Connelly take the funds without permission???

Exceptional SC Lawyer Response … SILENCE!!!  We reached out to the lawyer at (not so) Exceptional SC …. in case they wanted to respond or clarify anything … and complete SILENCE.  We offered more time to review the report … BUT WE THINK THEY ALREADY KNOW THEY ARE CAUGHT!!!  Our prediction is that this his is not going to be pretty or the likes of #FireChadConnelly or #RemoveTomPersons!!! 

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For Parents

SLED UPDATE – Chad Connelly Embezzlement Matter

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Back in March, the South Carolina Attorney General’s Office issued a FORMAL referral to SLED (State Law Enforcement Division) to investigate the Chad Connelly “Embezzlement Matter”.  

This is a known and disclosed fact … yet Chad Connelly has been running around South Carolina telling folks there is no SLED investigation.  Wow, this is sad. 

Well, last week we sent letters inquiring into the status of the investigation.  It has been four months, so maybe they had an update.

Well, we received a reply … and apparently the investigation is still ongoing. 

This is going to be BIG friends.  We don’t think this one can be swept under the rug.  We are told that South Carolina law enforcement knows they have to do something and they know people are watching.  South Carolina is known for it’s PUBLIC CORRUPTION

What has gone on with our school choice program is in our opinion PUBLIC CORRUPTION at its worst!!!

“SLED or any other agency”???OR ANY OTHER AGENCY???  Who else may be looking into Chad Connelly and this embezzlement matter???  Maybe just standard lawyer language … or was this a clue that other law enforcement agencies are looking into this matter.

This is a highly political matter.  Chad Connelly is friends with A LOT of political figures.  But even though some folks have tried to cover up for Chad … there are people trying to expose this matter for us, for you, and most importantly for your K-12 children.  

Stay tuned … and KEEP PUSHING!!!  Expose them all!!!

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For Parents

Exceptional SC’s Secretary of State Financial Report Late

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Annually (not so) Exceptional SC is required to file a TAX RETURN as well as REGISTER with the SC Secretary of State.  The latest extended deadline for the 7/1/2019-6/30/2020 tax return is May 15th, 2021.  We have been trying to get a copy of the tax return, a PUBLIC DOCUMENT, to no avail … so the situation seems VERY curious.

So we checked this week with the SC Secretary of State’s Office.  Filing the TAX RETURN with the Secretary of State is the “Financial Report”.  That was due as well May 15th, 2021.  As of today, it has not been filed.

What does that mean?  Well, technically Exceptional SC is still registered for right now, the SC Secretary of State’s Office confirmed that “There is currently a violation for that delinquent report that is accruing a fine of $10/day.”

Just further evidence the Government Appointed Board Members at (not so) Exceptional SC have no idea what they are doing.

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For Parents

2021-2022 Application Update

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Application Open

(not so) Exceptional SC … late … but FINALLY … opened applications for the new school year … with a limited time to apply until JUNE 30th!!!

TADS Link to Apply:  Click HERE

Eligibility Form:  Click HERE

Basically … if you are  #1 a NEW FAMILY or #2 a returning family that did NOT apply in 2020-2021 … the application process will be open until JUNE 30th.  

For everyone else, your application will ROLL-OVER.  Always double check with (not so) Exceptional SC however to be safe.   
TRANSFERING SCHOOLS???:  The below form was also included in the email update this week.  A little strange as it was just typed in the email text … but nonetheless, this is the information they need if a student transfers to a different school.

There was no mention in the email, so maybe the above form / image is the safest route … but you can always try the below link they have online as well.  AGAIN, always double check with (not so) Exceptional SC however to confirm receipt of your child’s information.  

Online Form:   https://docs.google.com/forms/d/e/1FAIpQLScacsIMrwXXxvloRm2RGUJiRmn5OgANMCuycsE6nximU8zo6g/viewform

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