KATC Investigates

Jul 30, 2013 11:49 PM by Erin Steuber

The Colomb Foundation's Financial Troubles

We're hearing from the founder of an Acadiana non-profit, which could owe the state hundreds of thousands of dollars. State Treasurer John Kennedy is ordering 36 non-profits across the state to pay up, because they haven't reported how they spent your tax dollars. That includes the Colomb Foundation of St. Landry Parish.

It was established in memory of Dene Colomb, who was killed by serial killer Derek Todd Lee, and also in memory of her mother, who died of breast cancer.

But according to the state treasurer, the foundation hasn't reported how it spent $300,000 in taxpayer dollars.

We've been digging further, turns out it's not the first financial troubles for the foundation.

According to audit reports, the foundation has not been financially compliant since 2007. That means the foundation has not been reporting their income and expenses to the state. The foundation promotes itself as a non-profit, but according to the IRS it's non-profit status was revoked in May of 2010 because the agency failed to provide the necessary paperwork 3 years in a row.

KATC's Erin Steuber went to several houses listed on the Secretary of States' website as active board members and officers with the foundation. No one at those houses is currently associated with the foundation.

Dene's dad, Sterling Colomb, says he's the only one working for the foundation now and all of these troubles are news to him. He says everything is given to his CPA, and at that point the CPA is in charge of filing the paperwork. Colomb says he's worried about the foundation he established in memory of his daughter and wife, and will be working to resolve these issues

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