BDC News
October 22, 2018

About two months ago, New Hampshire Attorney General’s office was asked to look into the alleged irregularities in We Care Charity finances. WCC representatives were invited by AG’s office to discuss, in detail, all the allegations brought forward by Jay Srinivasan. After an in-depth working session, most of these allegations were deemed baseless and without merit. Re-filed taxes, supporting documentations and working charts were reviewed and accepted as fully compliant. AG certified We Care Charity to go ahead with its charter without any reservations.

As Thomas Donovan, Attorney General & Director of Charitable Trusts stated in his letter

“On its own, We Care hired an accounting firm and submitted to the Charitable Trusts Unit on October 4, 2018 amended annual reports, including IRS Forms 990 for 2013 through 2017. Assistant Director of Charitable Trusts Terry Knowles reviewed those amended reports. Ms. Knowles and I met with Ms. Kalyani, Vinay Kalyani and Bharat Shah on October 17, 2018 to discuss those reports and certain expense items. Upon review, the amended annual reports are acceptable to the Charitable Trusts Unit.”

“We believe the amended reports and the expense reversal represents a good faith attempt to comply with good accounting practices and reporting requirements. We have not seen evidence of intentional wrongdoing.”

We Care Charity took the opportunity to discuss formation of its Board with AG’s office and based on their guidance would like to reinforce that in addition to be the President, Shefali Kalyani will also hold the title of Executive Director responsible for all program execution.

We Care Charity sincerely thanks Ardito, Toscano & McCollum P.C, our CPAs for working many long hours over the past three months to help reshape our books of accounts and suggesting procedures to keep up with a fully compliant way forward.

Our Board of Directors came through when we needed them the most. As our Director, Bharat Shah had stated publicly during DIL SE 3 event, that WCC was fully compliant and prepared for any official inquiry. We stand vindicated and are jubilant that Attorney General’s office holds the same perspective. We have been given a solid green light to continue on our mission.

To quote the attorney general again …
“We Care Charity, Inc. is now in good standing with the Charitable Trusts Unit. We wish it well as it conducts its mission to serve the needy in our communities.”

Some of the major allegations & the outcomes are published here ONLY to elucidate our perspective and to bare the truth:

• Family Members were a part of the Board – True. The Board was reconstituted about two months ago to address this.
• Shefali took $45,000 salary – False
• Vinay & Shefali bought refrigerator and freezer for personal use – Baseless and False. These appliances were bought to store food destined for various kitchens and pantry. They are kept in the garage and are solely used for WCC’s perishables. Shefali & Vinay have a separate refrigerator/freezer for their personal use.
• WCC funds were used for “Home Improvement Projects” – Seriously? A total of $485 were spent to buy shelves from Home Depot to store grain, and pots and pans used by WCC programs. Vinay installed them himself.
• Funds were diverted for personal use – Baseless and False
• Funds received though donation were not used for its intended use – False but needed better documentation. We have reconstructed all donations from the past and categorized them by their intended use. Revenues and expenses are now categorized by Programs and tracked accordingly.
• Funds destined for India Grains Program were sent using personal account – True but acceptable. AG office saw no issue in using personal accounts as part of “expense reimbursement” model as long as appropriate receipts were archived.

It’s time now to rebuild the bridges. To our supporters and believers, we thank you for sticking with us through these past months and to others we hope you let our work speak for itself. We assure you that we will win your hearts again! Much Love and God Bless!

Board of Directors
We Care Charity

--IANS
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(This story has not been edited by BDC staff and is auto-generated from a syndicated feed from IANS.)

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