Sure sounds like it after reading this huge story
in yesterday's Belleville News-Democrat
"A financially troubled charitable foundation headed by Olympic star Jackie Joyner-Kersee paid at least $457,000 in consulting fees to her husband's private foundation, which failed to file federal income statements as required by law.
The board of directors of the Jackie Joyner-Kersee Foundation voted to pay Robert Kersee's Diversity Through Sports Youth Foundation $327,000 in 2003, $35,000 in 2004, $20,000 in 2005 and $75,000 in 2006, according to public tax documents.
During the same years, the Jackie Joyner-Kersee Foundation was losing millions and the East St. Louis youth center it runs was struggling to pay its bills, according to financial records.
More after this jump.
Here's the story's laundry list. It ain't pretty:
"Besides the $457,000 in consulting fees passed between the two foundations, financial statements for the Jackie Joyner-Kersee Foundation show:
• Robert Kersee received a salary of $47,154 as president of his wife's foundation in 2001. A report stated that Kersee worked an average of two hours per week as president.
• The center had total revenue in 2006 of $1.61 million and expenses of $2.55 million, resulting in an operating deficit of $936,328, according to the foundations Form 990 filed in 2007, the latest report available.
• A payment of $33,000 in 2007 in consulting fees to a private, for-profit business owned by Robert Kersee, even though the corporate status of the business, Track, Court and Field Inc., was revoked in 2004, according to the Missouri secretary of state.
• The foundation paid $149,000 from 2005-07 to a business owned by the sister of Nino Fennoy, treasurer of the Jackie Joyner-Kersee Foundation and Joyner-Kersee's high school track coach. The money paid to the Fennoy Group of Fairview Heights was for human resources consulting.
• As of Dec. 31, 2007, the foundation owed $197,174 to Heptathlon Inc., listed on the foundation's annual report as a company owned by a relative of a foundation board member who was not identified, and an additional $48,000 to Track, Court and Field, even though the latter company no longer was registered as a business in Missouri. Missouri incorporation records for Heptathlon Inc. do not list the owners' names.ing to public tax documents.
There are a lot of rackets on the Eastside, let's hope the supposedly not-for-profit youth athletics center operated by the city's most celebrated athlete is not one of them.
Robert Kersee, also Jackie's coach, also guided East St. Louis' latest Olympic gold medalist, hurdler Dawn Harper