The Radio Amateur Satellite Corporation (AMSAT) has been made aware of public comments alleging financial mismanagement in the form of “unauthorized” legal expenditures. AMSAT takes these allegations very seriously and in full disclosure, has investigated these claims for many months.
AMSAT’s corporate records give a full accounting of all expenditures and are provided to its Directors upon request, in compliance with our governing documents and law of the District of Columbia (D.C.) Our office remains closed due to COVID-19, where those documents reside. Furthermore, AMSAT complies with IRS rules for 501(c)(3) disclosure of public financial documents, such as the Form 990 available on the AMSAT website. Financial review and accounting services from a third-party firm of Certified Public Accountants are utilized by the corporation to ensure governance to best practice and law.
The Corporation vehemently denies false statements alleging “unauthorized” expenditures.
On behalf of AMSAT,
Clayton Coleman, W5PFG