Investigators Looking Into Teacher Union’s Missing Money


Teacher’s union told money went missing
Brian Shane |
Jan. 29, 2012

OCEAN CITY — In a routine tax filing to the IRS last spring, the Worcester County Teachers Association made a startling disclosure: Its leaders believed more than $100,000 in funds had gone missing.

Now, local authorities — who say they never heard about the reported loss — are investigating.

The WCTAs tax-exempt status was revoked by the Internal Revenue Service in October for failure to file a Form 990 for three consecutive years, according to the Guidestar website, which makes available public tax filings from nonprofit organizations.

Before that, in March, the union had told the IRS its finances were in crisis. According to a WCTA tax filing dated March 13 of last year, the union documented $111,589 in what it called “misappropriated funds” and noted the amount was pending an audit by a bonding company.

Read more @ The Daily Times.


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