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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

(not so) Exceptional SC Board Approves 10% Checks

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At this point we do not know what or who to trust … The week before last we were told that 2nd semester scholarships were sent out to schools … last week we were told that just last Tuesday “the Board Of Directors Voted Unanimously to disburse 10% of the spring checks to each school…”, so which one is it? Were the checks sent out two weeks ago? Or approved last week?

Oh … and this … if you do some simple math, in order to cover all current scholarship recipients at ONLY 10% of each spring semester grant, you would still around $600,000 … So … how are they going to “dispense the money evenly across the schools” with less than $350,000 available??? Or were they able to raise additional $300,000 during the COVID-19 shutdown???

I personally reached out for comment to the head of the South Carolina Independent School Association (SCISA) … the organization representing the vast majority of schools in the program …. and also a board member for Exceptional SC. I asked “HOW” Exceptional SC was going to be able to FUND the 10% scholarships (approximately $550,000 +/-) if it does not appear they have CASH IN THE BANK??? I did say that I will be reporting to all our parents that I did not believe that there was enough funds for everyone to get already very limited check …   No response …

Dr. Jordan hired Chad … he represents most of the schools in the program … why no response?  This is not complicated.  Do you have the money … or are you “HOPING” to raise it in time???  Are we asking something unfair??? Here is Dr. Jordan’s contact info – I think you deserve to know!

Dr. Spencer Jordan
Executive Director
SC Association of Independent Schools
https://www.scisa.org/
803-535-4820 (office)
administration@scisa.org
sjordan@scisa.org

Be warned! Our guess is it will take a WHIIIILE to issue those 10% spring scholarship checks … although one thing (not so) Exceptional SC probably forgot about … once approved (on MARCH 24, 2020) … they HAVE TO within 30 DAYS issue the checks.  That’s the law!!! 

We will be watching … so stay tuned!!!

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For Parents

#FireChadConnelly Lies Confirmed: Only $347,382.41 Raised

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Here it is … another lie by #FireChadConnelly. When will it stop??? When will (not so) Exceptional SC’s Board act? When will they take our families with children with special needs seriously and do their job?!?

Freedom of Information Act (FOIA) request was sent to the Department of Revenue when we read that Chad Connelly told The State Newspaper that Exceptional SC had raised “about $2 million”.  We did not believe it!!!

SC DOR released the fundraising as of February 29th, 2020 … and it is HORRIBLE!!!  $347,382.41.

Remember, Georgia raised $81.8 MILLION in the first 7 days of 2020 … and #FireChadConnelly can only raise $347K in TWO MONTHS!!!

To read the “Fake News” article click HERE or picture above.

But, you are probably asking … didn’t The State Newspaper “fact check” the $2 MILLION fundraising number #FireChadConnelly told them???

Well … that is a big NO!!!  

We have asked The State Newspaper to fact check it … they were too busy with Covid … so we have now sent them the info from the SC Department of Revenue … and they are still too busy.

Still don’t believe in #FakeNews???  They know the truth … will they follow-up???  Stay tuned … 

Also we are told the three (3) Exceptional SC lawyers were contacted for comment.  Remember, Chad Connelly told THE COURT in a SWORN AFFIDAVIT dated March 4th, 2020, that Exceptional SC had raised $1,045,000 in the prior 21 days (2/11/2020 – 3/3/2020) … and that they were raising approximately $50,000 per day!!!

No response from the lawyers either.  It will be interesting what the Judge says when he is told #FireChadConnelly lied to him in a SWORN AFFIDAVIT. 

ANY PARENT / LAWYERS OUT THERE … WHAT DO YOU THINK THE COURT WILL SAY ABOUT THIS???  LET US KNOW YOUR THOUGHTS!!!  info@palmettokidsFIRST.org, 843-501-1842 (office), 843-901-8035 (Olga’s cell).

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For Parents

“Compulsive Liar” Chad Connelly … Caught On A Lie AGAIN???

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(To read the full article click HERE)

Two weeks ago Chad Connelly claimed in a sworn affidavit that he had raised $1.045 MILLION in donations (over prior 21 days) … beginning of last week #FireChadConnelly told reporters it was $2 MILLION … and then followed up with email to parents stating that “Just this week, we issued our initial second semester CHECKS to schools and will continue to do so as funds are available.”

In our email last Saturday we pointed out that we believed it was another lie … that there was no indication (not so) Exceptional SC raised anything close to $2 MILLION … thus we did not believe that “second semester checks were issued”. Heck, we took an extra step asking parents to let us know whether they received the 2nd semester funding. The POLL RESULTS were pretty predictable: 65.4% of parents / families have not received a 2nd semester scholarship check, 34.6% “have not heard” and we did not have one person/family that confirmed receiving a 2nd semester scholarship check.

Yesterday, March 25, 2020, #FireChadConnelly & Board Chairman Tom Persons sent another email stating: “(…) Our Board Of Directors Voted Unanimously to disburse 10% of the spring checks to each school…”

Yes … you are reading it right – 10% of the spring checks!!! So let’s say, you have been getting a $10,000 scholarship for the last 5 years … this current school year, you received first semester scholarship check for $5,00 in the fall … you will be receiving $500 for the second semester this spring!!!

Well, what happened to the checks that “were sent to schools last week”??? Were they only $500 checks …? Or as we pointed out, there were NO checks sent out …? What happened to the $2 MILLION that (not so) Exceptional SC supposedly raised since January??? Or as we pointed out there was no $2 MILLION raised??? If Exceptional SC in fact raised $2 MILLION that should cover 33% of everyone’s spring semester check … not 10% … we believe that the $2 MILLION was ANOTHER lie … and there wasn’t more than few hundred thousands raised so far …

Our hearts are simply heartbroken for you – our families and schools!!! During these extraordinarily difficult times we would want for your to have one less thing to worry about … One less uncertainty to deal with … yet another burden of your school tuition was just added to your plate. Just so you know, we are working 24/7 here to help you! We are working with legislators to fix this mess and still get you help for this current school year … and DEFINITELY moving forward. It is critically important that you let your legislators know (click HERE to look them up) about this complete failure coming with 10% announcement. This is simply UNACCEPTABLE and not how these programs work!!!

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