sluggin through the 990s:

IN AUGUST 2005, THE FOUNDATION LAUNCHED A WHOLLY OWNED SUBSIDIARY, THE MOZILLA CORPORATION (THE CORPORATION.) THE CORPORATION IS A TAXABLE SUBSIDIARY THAT SERVES THE NON-PROFIT, PUBLIC BENEFIT GOALS OF ITS PARENT, THE FOUNDATION, AND IS RESPONSIBLE FOR PRODUCT DEVELOPMENT, MARKETING AND DISTRIBUTION OF MOZILLA PRODUCTS WHILE THE FOUNDATION RETAINS OWNERSHIP AND OVERALL DIRECTION OF THE MOZILLA PROJECT. THE ACTIVITIES OF THE FOUNDATION RELATED TO SPONSORSHIP CONTRACTS, CONTRACTED SERVICES AND THE AFFILIATE PROGRAM WERE ASSIGNED TO THE NEW CORPORATION. THE EMPLOYEES WERE ALSO TRANSFERRED TO THE NEW CORPORATION. THE FOUNDATION RETAINED THE PRODUCT ROYALTY CONTRACT AND CONTINUES TO RECEIVE CONTRIBUTIONS AND GRANTS. CERTAIN OFFICERS AND DIRECTORS OF THE FOUNDATION ARE ALSO OFFICERS AND DIRECTORS OF THE CORPORATION. DURING THE YEAR, THE FOUNDATION ADVANCED MONEY TO THE CORPORATION. THE BALANCE OUTSTANDING AT 12/31/05 IS $1,496,183.

And in the next year we see that the loan was repaid.

IN AUGUST 2005, THE FOUNDATION LAUNCHED A WHOLLY OWNED SUBSIDIARY, THE MOZILLA CORPORATION (THE CORPORATION.) THE CORPORATION IS A TAXABLE SUBSIDIARY THAT SERVES THE NON-PROFIT, PUBLIC BENEFIT GOALS OF ITS PARENT, THE FOUNDATION, AND IS RESPONSIBLE FOR PRODUCT DEVELOPMENT, MARKETING AND DISTRIBUTION OF MOZILLA PRODUCTS WHILE THE FOUNDATION RETAINS OWNERSHIP AND OVERALL DIRECTION OF THE MOZILLA PROJECT. THE ACTIVITIES OF THE FOUNDATION RELATED TO SPONSORSHIP CONTRACTS, CONTRACTED SERVICES AND THE AFFILIATE PROGRAM WERE ASSIGNED TO THE NEW CORPORATION. THE EMPLOYEES WERE ALSO TRANSFERRED TO THE NEW CORPORATION. THE FOUNDATION RETAINED THE PRODUCT ROYALTY CONTRACT AND CONTINUES TO RECEIVE CONTRIBUTIONS AND GRANTS. CERTAIN OFFICERS AND DIRECTORS OF THE FOUNDATION ARE ALSO OFFICERS AND DIRECTORS OF THE CORPORATION. DURING 2005, THE FOUNDATION ADVANCED MONEY TO THE CORPORATION. DURING 2006, THE CORPORATION MADE A LOAN REPAYMENT OF $1,000,000 PLUS $15,000 IN INTEREST. IN ADDITION, THE CORPORATION PURCHASED ASSETS FROM THE FOUNDATION AT FAIR MARKET VALUE AND PAID THE FOUNDATION A LICENSE FEE OF $10,000.

Whoa momma, that’s a hefty interest rate on that loan. $15,000 on a $1,000,000 loan. Wow. I smell short arms in this deal. Sweet smell of sweat.