In the past three years, Guide to Kulchur, Inc. has been transitioning from a sole proprietorship independent bookstore, to a board-led nonprofit. In the past year, Guide to Kulchur, Inc., has applied for 501c3 status, grant funding, fiscal sponsorship, and taken other steps to establish itself as a nonprofit.
In early 2019 the Board of Directors discovered the loss of thousands of dollars, both privately fundraised and granted.
The board of directors of Guide to Kulchur, Inc. has decided to take the following steps:
- RA Washington has been dismissed as executive director as of March 5, 2019.
- Guide to Kulchur, Inc. has provided an accounting of its finances to impacted partners as a gesture of accountability.
- Guide to Kulchur, Inc. has initiated the process of legally dissolving as a nonprofit and is no longer in operation as of March 5, 2019.
The Board of Directors feels strongly about accountability and acknowledges that transparency is a core element of any accountability process. In light of the above mentioned activities the Board of Directors is consulting with legal counsel about releasing additional details, which may be released at a later time.
If you have any questions please feel free to reach out to us at [email protected]