Wednesday, October 22, 2008
Cancer Free America Foundation (Katari Truth)
Katari, How much of the income is produced with the cancer free america foundation bins and how much is given to cancer causes? Why does the foundation not sell the clothing? Why is CFAF not federally recognized? The "THE TRUTH" post does not address the issue. Yes Katari gave his charity approx. $50,000 but took personal income of more than $1,000,000. Not a scam??????????????
Thursday, August 7, 2008
How long can he continue this scam!!
Jay Katari
FACTS
A MULTI-MILLION DOLLAR SCAM.
Cancer Free America Foundation, Inc. (CFAF) a Florida non-profit. The company was incorporated on 7/11/05. Jay Katari is the director, there is no board of directors, has never filed for a 501c3. CFAF collects used clothing and shoes through the use of metal charity bins placed in various parking lots and vacant lots. There are approximately two thousand bins with the CFAF name asking for donations in Florida, Georgia, Virginia, Maryland, Pennsylvania, Connecticut and Massachusetts. There may be other states. All the clothing is collected and sold by for profit companies under the control of Katari. In Connecticut and Massachusetts Katari sell the donations through New England Recycling Solutions Inc. In PA Keystone Clothing Recyclers Inc.
Shoes for the Cure, Inc. collects shoes using small bins designed to accept shoes and sneakers. Theses are in Florida and North Carolina where he has been dinied non-profit satus. Florida Shoe Recyclers, LLC sells the donated shoes for profit.
Katari operates MEGA Thrift Store in Greensboro NC, a for profit used clothing and thrift store.
Katari claimed he sold 68 loads (53’ trailers) in the month of May 2008, each approx. 40,000 lb. Each load produces approx. $12,000.00 (.30 per lb.) $816,000.00. These loads are sold to large grading warehouses in Texas.
After Katari sells the clothing a token amount is given to his non-profits. In 2006 less than $10,000 was donated to charities. In 2007 less than $48,000 was donated according to their FL filings. It appears that CFAF is a good charity because they donate all the funds Katari desides to give. Millions of dollars where raised though the goodwill of the public and a small fraction was donated.
CANCER FREE AMERICA FOUNDATION, INC. (NON-PROFIT)
SHOES FOR THE CURE, INC. (NON-PROFIT)
PRESIDENTIAL CLOTHING RECYCLERS, INC.
CAPITOL CLOTHING RECYCLERS, INC.
MIDWEST CLOTHING RECYCLERS, INC.
KEYSTONE CLOTHING RECYCLERS, LLC
FLORIDA SHOE RECYCLERS, LLC
NEW ENGLAND RECYCLING SOLUTIONS, INC.
CAROLINA'S THRIFT HOLDINGS, LLC
D.A.R.E.-NJ, a nonprofit drug abuse prevention organization, has a few hundred bins around the state. Stickers on the bins clearly say they are part of a "'textile recycling program" and the owners pay D.A.R.E. an annual fee to use their red logo. D.A.R.E.-NJ receives $700 a year per bin from New York-based textile recycler Northeastern Import/Export in exchange for the contents of the bins. Last year, D.A.R.E. made $285,000 from its bins, according to its IRS filings. (CFAF would donate $1,400,000 not $40,000)
What is a:
Non-profit - As applied to any private entity, no part of the net earnings of such entity accrues or may lawfully accrue to the benefit of any private shareholder or individual.
FACTS
A MULTI-MILLION DOLLAR SCAM.
Cancer Free America Foundation, Inc. (CFAF) a Florida non-profit. The company was incorporated on 7/11/05. Jay Katari is the director, there is no board of directors, has never filed for a 501c3. CFAF collects used clothing and shoes through the use of metal charity bins placed in various parking lots and vacant lots. There are approximately two thousand bins with the CFAF name asking for donations in Florida, Georgia, Virginia, Maryland, Pennsylvania, Connecticut and Massachusetts. There may be other states. All the clothing is collected and sold by for profit companies under the control of Katari. In Connecticut and Massachusetts Katari sell the donations through New England Recycling Solutions Inc. In PA Keystone Clothing Recyclers Inc.
Shoes for the Cure, Inc. collects shoes using small bins designed to accept shoes and sneakers. Theses are in Florida and North Carolina where he has been dinied non-profit satus. Florida Shoe Recyclers, LLC sells the donated shoes for profit.
Katari operates MEGA Thrift Store in Greensboro NC, a for profit used clothing and thrift store.
Katari claimed he sold 68 loads (53’ trailers) in the month of May 2008, each approx. 40,000 lb. Each load produces approx. $12,000.00 (.30 per lb.) $816,000.00. These loads are sold to large grading warehouses in Texas.
After Katari sells the clothing a token amount is given to his non-profits. In 2006 less than $10,000 was donated to charities. In 2007 less than $48,000 was donated according to their FL filings. It appears that CFAF is a good charity because they donate all the funds Katari desides to give. Millions of dollars where raised though the goodwill of the public and a small fraction was donated.
CANCER FREE AMERICA FOUNDATION, INC. (NON-PROFIT)
SHOES FOR THE CURE, INC. (NON-PROFIT)
PRESIDENTIAL CLOTHING RECYCLERS, INC.
CAPITOL CLOTHING RECYCLERS, INC.
MIDWEST CLOTHING RECYCLERS, INC.
KEYSTONE CLOTHING RECYCLERS, LLC
FLORIDA SHOE RECYCLERS, LLC
NEW ENGLAND RECYCLING SOLUTIONS, INC.
CAROLINA'S THRIFT HOLDINGS, LLC
D.A.R.E.-NJ, a nonprofit drug abuse prevention organization, has a few hundred bins around the state. Stickers on the bins clearly say they are part of a "'textile recycling program" and the owners pay D.A.R.E. an annual fee to use their red logo. D.A.R.E.-NJ receives $700 a year per bin from New York-based textile recycler Northeastern Import/Export in exchange for the contents of the bins. Last year, D.A.R.E. made $285,000 from its bins, according to its IRS filings. (CFAF would donate $1,400,000 not $40,000)
What is a:
Non-profit - As applied to any private entity, no part of the net earnings of such entity accrues or may lawfully accrue to the benefit of any private shareholder or individual.
Cancer Free America Foundation
The greed is alive and growing, I heard they will soon be in the mid-west. Simple biz, a moron could make money doing this so-called recycling.
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