Occupy Wall Street Accountant and Tattoo Artist Is Learning About Nonprofits on the Job
by AccountingWEB on
By Gail Perry
TheBrooklynInk.com recently reported on the management of finances for Occupy Wall Street (OWS) and spoke with Peter Dutro, 36, who is a member of the finance committee. Dutro is a business technology management undergraduate at the Polytechnic Institute of New York University and works part-time as a tattoo artist.
Dutro stated in the interview that in-person donations at Occupy Wall Street are coming in at a rate of about $7,000 per day, and online donations are adding to that amount. More than $100,000 had been received as of the October 11 report on TheBrooklynInk.com. So far, most of the money is being spent on food for the protesters/occupiers.
The finance committee reports to Alliance for Global Justice (AFGJ), a Section 501(c)(3) nonprofit organization founded by the Nicaragua Network and rooted in the Central and Latin American solidarity movement and the anti-corporate globalization movement, according to the AFGJ Web site, which also states that the Occupy Wall Street movement took its inspiration from the people of Tunisia, Egypt, and Wisconsin.
The AFGJ is taking responsibility for all financial matters of Occupy Wall Street and is ncluding the OWS financial information as part of its own tax returns. Because of the AFGJ involvement, OWS donors are entitled to take tax deductions for their donations and AFGJ is taking responsibility for sending contribution acknowledgments to all donors who contribute $250 or more to the movement.
Tattoo artist Dutro gained notoriety shortly after the terrorist attacks of 9/11 by offering free tattoos – flags, crosses symbolizing crossbeams of the fallen World Trade Center, names of victims – at Ground Zero.
You may like these other stories...
IRS must take oath on Lerner emails: judgeMackenzie Weinger of Politico reported on Thursday that a federal judge ordered the IRS to explain under oath how it lost emails connected to Lois Lerner, the ex-IRS official at the...
Credit Suisse says pension assets at risk unless court delays sentencingJohn Letzing of the Wall Street Journal reported on Wednesday that Credit Suisse Group AG says its management of billions of dollars in assets for...
The prospect of International Financial Reporting Standards (IFRS) being fully adopted in the United States in the near future are growing less likely, as the Financial Accounting Standards Board (FASB) and the International...
Upcoming CPE Webinars
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
FRF for SMEs Series--Statement of Cash Flows, Subsequent Events, Related Party Issues, Accounting for Investments including Consolidations, Part 4A
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.