'I'm a coach not a businessman'

Evil ... Thy name is Orville Redenbacher!! · May 18, 2011

Just to show you that greed isn't limited to D-I athletics.
West Liberty University (near Wheeling W.Va) football and basketball coaches could be in trouble for pocketing about $80K in revenue from camps.

One of the coaches told auditors "that he was a basketball coach and not a businessman, and was unaware that he should report this income," the report states. It does not name any individuals or list the total revenues from the camps, which hosted junior high and elementary school athletes.
"These were money-making operations," Legislative Auditor Aaron Allred told the House-Senate Post-Audits Subcommittee.
Another audit finding: The Hilltopper Athletic Club received $101,515 from boosters and in other revenues during that time, but had lost its tax-exempt nonprofit charity status with the U.S. Internal Revenue Service. The club had failed to file essential state paperwork while seeking to regain that status, the report said.
"By operating as a nonprofit organization absent proper authorization to do so, taxes not applicable to nonprofit organizations may be evaded," the report said. "In addition, collecting donations from deceived donors may potentially result in litigation."
The club had also kept an outside bank account, amid dueling views by West Liberty's athletic director and chief financial officer over whether its funds belonged to the state. State employees had overseen the club, and partly during college business hours, the report said.
Click to expand...

The story does not name the coaches. Though it shouldn't be hard to figure out.

FWIW: West Lib's men's basketball team made it the D-II Final Four this year.

http://theintelligencer.net/page/content.detail/id/555211/Audit--WLU-Coaches-Didn-t-Pay-Taxes-on-Camp-Revenue.html?nav=515

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'I'm a coach not a businessman'

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