[Kzyxtalk] John Coate didn't save MCPB
sako4 at comcast.net
sako4 at comcast.net
Thu Jun 23 09:14:00 PDT 2016
Excellent letter, Scott.
John Coate excelled at two things -- self-promotion and myth-making.
----- Original Message -----
From: "Scott Peterson" <scottmartinpeterson at hotmail.com>
To: "kzyxtalk" <kzyxtalk at lists.mcn.org>, gblack at mcn.org
Sent: Thursday, June 23, 2016 2:30:00 AM
Subject: [Kzyxtalk] John Coate didn't save MCPB
Gordon Black, Volunteer Programmer, MCPB -- gblack (at) mcn.org
Dear Mr. Black,
Count me among your fans. I've enjoyed your radio show on KZYX for a
long time. I understand that you're a fan of John Coate. As evidenced by
the statement: "Coate merely saved MCPB." And published here:
http://theava.com/archives/44886#2
I'm sure that you wrote that with all sincerity. Many people -- particularly
KZYX programmers -- have done the same. But there's something you
should see. The Form 990s that Mr. Coate filed here:
http://nccsweb.urban.org/communityplatform/nccs/organization/profile/id/680050440/popup/1
And the audit he left here:
http://kzyx.org/Board/audits/MCPB-Audit-Report6-30-15.pdf
If you study these records, you'll see that John Coate didn't save MCPB.
Quite the opposite happened. During his tenure, MCPB's net assets
dropped by seventy-five percent. While it's debt nearly doubled. Don't
feel bad for your statement. Lots of people made the same statement.
But that statement had one source -- John Coate. It was very difficult to
confirm. Because Mr. Coate was hiding Form 990s. With a policy written
on the Form 990s themselves: "No review was or will be conducted."
I asked Mr. Coate about that recently. Along with the reasoning for that
policy. He wouldn't tell me. Maybe he'll tell you. You can reach him at
tex (at) well.com.
The only reason I can think of is misdirecting good people like you. Into
believing that he'd saved MCPB. When he'd done the exact opposite.
The current forecast for MCPB isn't very promising. According to recent
figures, MCPB's net assets are down to three percent of what they were
before Mr. Coate arrived. And that MCPB will be bankrupt in a matter of
months.
You're a thinking man, Mr. Black. That's evident in the statement you
published. But I implore you. Please study MCPB's Form 990s. And its
latest audit. Then reconsider your statement. And consider publishing a
retraction. To enlighten your fellow MCPB programmers.
Sincerely,
Scott M. Peterson
Mendocino
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