Friday, July 15, 2005

 

More info from AECC filings



These images are scanned from the 2003 Form 990 filed with the Internal Revenue Service by Appalachian Educational Communications Corporation (AECC) President (and State of Franklin PAC president) Dr. Kenneth C. Hill. You can find this info online at Guide Star. Some white space has been cropped out in order to reduce the file size.

A review of the Form 990 public inspection tax records filed by the 501(c)(3) tax exempt Appalachian Educational Communications Corporation President Dr. Kenneth C. Hill (also president of the State of Franklin PAC) reveals that Dr. Hill and his fellow board director and wife Janet actually received greater compensation during the last few years of the Clinton Administration than they did during each of the previous five years of the Bush Administration.

The IRS requires 501(c)(3) tax exempt organizations to file and to make copies of the Form 990, Return of Organization Exempt From Income Tax available for public inspection (and photocopying these public record documents at pre-established rates if so desired by the public) at the offices of the tax exempt entity.

The following board member/key employee compensation excerpts are listed within several previously IRS Form 990s filed by Appalachian Educational Communications Corporation:

1998 AECC compensation:

Kenneth C. Hill AECC President - $79,484 / 40 hours per week;

Janet Hill, AECC Director (wife) - $20,482 / 40 hours per week.

2000 AECC compensation:

Kenneth C. Hill AECC President, - $66,410 / 60 hours per week

Janet Hill, AECC Director (wife) - $17,621 / 20 hours per week.

2001 AECC compensation:

Kenneth C. Hill AECC President - $56,775 / 80 hours per week

Janet Hill, AECC Director, - $22,302 / 20 hours per week.

2003 AECC compensation:

Kenneth C. Hill AECC President, - $52,000 / 40 hours per week.

Janet Hill, AECC Director, - $13,918 / 15 hours per week

Matthew Hill, AECC Key Employee, - $36,125 / 40 hours per week.

A.G. "Bud" Branscomb, AECC Key Employee – CFO, - $39,083 / 40 hours per week

[note 1: Branscomb is also listed within Tennessee Secretary of State PAC documents as Treasurer of the State of Franklin PAC.]

[note 2: AECC also rented "warehouse space" at 3950 Weaver Pike, Bluff City. Tennessee from AECC President Kenneth and AECC Director Janet Hill for $1,000 per month. The total real estate of this 3950 Weaver Pike property owned by Kenneth and Janet Hill was listed in 2003 for total appraisal at $57,800 - State of Tennessee Real Estate Appraisal Card 09/22/2003].

Comments:
Mission accomplished in Morrison City, baby...
 
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