“FEGS, the city’s biggest provider of job placement services to the impoverished and disabled” and the FEGS budget shortfall leaves “city and state officials scrambling to find new providers of job placement, housing, mental health care and other services for tens of thousands of vulnerable New Yorkers.”
Having worked in the fiscal department of a handful of New York City nonprofits, I understand that in order to provide valuable services, an organization must invest in staff and administrative costs. I am not saying that top leadership shouldn’t be paid well, but what I am saying is that when the signs indicate that there is a major budget shortfall, the money needs to be reallocated. This report sickens me because the signs of a major budget shortfall were certainly present and according to the New York Times, “FEGS reported operating losses two years in a row, according to the agency’s tax returns from fiscal years 2011 and 2012, the most recent returns publicly available.”
I’m sorry, I just don’t buy it.
It goes without saying that it truly angers me that a nonprofit organization would be run into the ground and knowingly fail the very people that need them the most. FEGS former CEO said at the organizations benefit gala at Cipriani 42nd Street that “she was inspired to see so many people gathered to celebrate our shared commitment to serving people who face barriers to economic and personal independence.”
Yeah, right. Sounds like she is more interested in rubbing elbows at one of the city’s upscale venues. Its obvious to me that she certainly wasn’t thinking about the vulnerable New Yorkers that FEGS claim they serve when she signed the check to pay the hefty Cipriani bill. I believe the organization as a whole and top-leadership should face the consequences for swindling donors out of money and then misappropriating that money.