The former president and treasurer of the Jackson Area Youth Football Foundation is accused of stealing more than $25,000 from the organization over a two-year period.
Police said Timothy E. Smith admitted to giving a JAYF loan to a woman who had lost her job and was on her bills.
Smith was charged Thursday, April 25, with felony class C burglary, according to a news release issued through the Cape Girardeau County Sheriff’s Office. Associate Judge Frank Miller set bail at just $10,000.
Police accessed the information through the current treasurer, Ronnie Maxwell. According to a probable cause statement, Smith disarmed Maxwell and informed him of the loan. Smith admitted to Maxwell “that he regretted the decision he made using JAYF funds. “”.
Maxwell began reviewing the account and statements and detected Smith’s alleged embezzlement, according to a probable cause statement. The account “was used as what gave the impression of being a non-public account, and the budget was continually sent to a woman named Angela. “Martinez and other members via Cash App. Transactions were made to an online page for adults and restaurants.
According to the probable cause statement, Smith used JAYF’s budget from April 2021 through June 1.
The Jackson Area Youth Football Foundation, indexed as a 501(c)(3) nonprofit organization, filed Form 990-N every year from 2010 through 2018, according to the IRS website. You haven’t filed a Form 990 since 2018, and it appears that your tax-exempt standing has been revoked. The IRS’s nonprofit online page lists a revocation date of April 15, 2022, but there is no reinstatement date.
The last 990 filing in 2018 had detailed monetary data, as this is an organization with gross revenue of $50,000 or less.
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