Colo. AG announces consent decree transferring nonprofit's assets
DENVER (Legal Newsline) - Colorado Attorney General John Suthers announced a consent decree that will transfer the assets of Fired Up for Kids, a Denver-based organization, to Colorado Firefighter Calendar Inc.
Fired Up for Kids agreed to the dissolution under the Colorado Revised Nonprofit Corporations Act as part of the consent decree.
Suthers' office filed a lawsuit against Fired Up for Kids in December, alleging that the organization presented itself as a nonprofit despite operating as a for-profit business.
Fired Up for Kids is registered with the Secretary of State's office as a nonprofit, though shortly after it formed, Kirsten Hamling, its president and sole board member, allegedly started using its assets and accounts for personal uses. The expenses the assets were allegedly used for included airline tickets and gym memberships. Suthers filed the lawsuit after Hamling resigned from the organization in September, refusing to turn the intellectual and physical property over to a successor.
The consent decree resolved the issues with Fired Up for Kids and gives Suthers' office the ability to monitor Fired Up for Kids' compliance with the agreement.
Fired Up for Kids allegedly solicited donations through the sale of calendars to raise funds for the Children's Hospital Burn Unit. The Colorado Revised Nonprofit Corporations Act gives Suthers the ability to request that a judge dissolve a nonprofit when it abuses its authority or obtains its articles of incorporation through fraud.