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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

June Fundraising – It’s Getting Worse!!!

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The SC Department Of Revenue has responded to a FOIA request with the fundraising update for the month of June. (not so) Exceptional SC & #FireChadConnelly raised only $64,626.82 in the month of June.

Friends … as we have been predicting and warning everyone … things ARE NOT looking good for the fall semester. The school is starting in about a month … and (not so) Exceptional SC raised $704,293.76 SINCE JANUARY, and as you can tell, things are getting WORSE!!! While our neighbors in GA with a similar income tax credit program raised $81.8 MILLION by January 7th – YES – in ONLY 7 DAYS!!!

How is (not so) Exceptional SC planning on funding the scholarships in the fall with almost non-existent fundraising? You deserve to know … you deserve the opportunity to plan ahead … you deserve answers!

Call / email and ask: administrator@exceptionalsc.org, 803-602-4398 (administrator), Chad Connelly – Exceptional SC Executive Director – 803-924-4596, chad@exceptionalSC.org, Tom Persons – Exceptional SC Board Chair – 803-261-0348, tepsr@att.net   tep@sctech.org

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For Parents

2020-2021 Applications are OPEN!

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We now have until August 31st @ 5PM to get in your applications. Please help spread the word … and although NOT First Come / First Served, get your application in ASAP!!!


www.palmettokidsFIRST.org/apply

www.palmettokidsFIRST.org/apply

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For Parents

Coming: Charleston Public Charter Dyslexia School!!!

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Exciting news for our Lowcountry Families!!! Gates School – Charleston’s first public charter school for students with dyslexia and related reading challenges is opening in August 2021!!!!

If you are interested, fill out a “new parent interest form” by clicking the link below:
https://docs.google.com/forms/d/e/1FAIpQLSed4FhHPVCoWtOKoN0-4khw8qlZWPT1s3beEYHObRqID-og1Q/viewform

Although this is a wonderful news and option for our families living around Charleston this is not going to be the solution to the lack of funding from (not so) Exceptional SC. Not every child with dyslexia from the area will be able to get into the school … and not that this one school will be the best fit for every family.

The purpose of this program is for the families and children to have OPTIONS to receive the education that best fits their needs … be that public, private, homeschooling or a free specialty charter school like Gates …  and #FireChadConnelly & #RemoveTomPersons‘ responsibility is to provide funding for the private school options. If they are not fulfilling that responsibility … what is their purpose???

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