Gulen’s Interfaith Dialog Foundation put up the original $100,000 to open these schools. Here is their charter school application:
Magnolia’s 2010 request for $17 million construction loan
application
They are applying for the loan under MERF-here is their last 990 IRS return
pg. 8- 93a. Management fees 646,201
pg. 17 Services & other Operating 263,891
Consulting services 115,350
Suleyman, Why so many non-Educational expenses? Follow the Money to Turkish Olympiads and Anatolia Festival.
If the above PDF –IRS file doesn’t download, go to http://www.guidestar.com/ and register for FREE. Examine the MANY Gulen School NGOs 990 IRS Tax Returns. MERF = Magnolia Education and Research Foundation
I am no accountant but I think it is suspect when you have such high questionable expenses yet the textbooks and school supplies are so LOW. It is very obvious these schools spend so much money on "appearances and marketing" but very little on the student's education. Was some of this to pay for the elaborate Turkish Olympiad productions? Perhaps the Gulen sponsored Anatolia Festival?
The 990 IRS returns for Magnolia Science Academy’s Willow Institute, Dr. Suleyman Bahceci the Superintendent of the West Coast Magnolia Science Academys (Pacific Technology and Bay Area Technology Schools) takes out a personal loan:
http://www.guidestar.org/FinDocuments/2008/061/708/2008-061708283-04c60576-9.pdf Willow Institute appears to be the foundation created to oversee the laundering of funds for the Gulen Bay Area Technology Schools.
CALIFORNIA PEOPLE YOU MIGHT REMEMBER THE CALIFORNIA CHARTER ACADEMY THAT WAS CLOSED DOWN FOR $25 MILLION IN MONEY LAUNDERING, EMBEZZLEMENT AND RACKETEERING.
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