There’s massive shake ups afoot at the James Beard Foundation, due in large part for being unable to account for how it has spent hundreds of thousands of dollars in annual revenue.
The fallout is now being felt througout the upper tier restaurant reporting industry (login required SN: accidental PW:hedonist).
This has been brewing for a while (well, at least since mid July), and came to a head in early September when Julia Moskin of the New York times reported on the thousands of dollars missing in the Revenue records (no link as NYT has already archived the article). Apparently they brought in 4.7 million last year, but the outgoing cash was minimal as exampled by the 29k for scholarships from their general fund. (Phyllis Isaacson, Director of Information Services at The James Beard Foundation, has since stated that they have given out nearly 200k in funds, but most of this comes from fund raising specifically for scholarships and not the general operating fund).
More coming on this, to be sure…