GREENSBORO — Former Northern Guilford boys basketball coach Stan Kowalewski defended himself Saturday against accusations he used money from a nonprofit booster account to pay for personal services, saying he donated $86,314 last year to the school’s athletics program.
Kowalewski said he donated about $25,000 in cash to the school. The rest came in the form of equipment, hotel bills and pregame meals for the team and sponsoring special events at the school. “It sounds like a lot of money, and it is, but it all adds up quickly,” he said.
Kowalewski showed a reporter a 2008 tax work sheet supporting his claim, which came a day after the News & Record reported Guilford County Schools was looking into Kowalewski’s management of a nonprofit account set up last year for the school’s boys basketball team.
Documents obtained through the state’s public records laws show that Kowalewski has spent more than $4,000 from the account to pay for personal expenses such as his satellite TV bill; lawn maintenance; and medical, electric and gas bills. On one occasion in December, Kowalewski wrote a check to himself for $1,500.
Kowalewski is a managing director who runs a hedge fund at Columbia Partners, which manages $2.5 billion in assets.
He acknowledged Friday night he managed the basketball account poorly but denied the money was misused.
“I’ve invested much more into that school than I’ve ever taken out,” he said Saturday. “I hate it that it’s come to me having to release private information about my life, but I’m not going to allow (school investigators) to keep attacking me like this.”
Trisha Lester, vice president of the N.C. Center for Nonprofits, a statewide association serving 501(c)(3) nonprofits, said Kowalewski’s actions “don’t sound particularly kosher.”
“People running a nonprofit need to submit expense reports to show that the expenses incurred are in line with the nonprofit,” she said. “Writing a check for cable TV is not in line with that.”
Asked whether schools officials planned to turn their findings over to the district attorney’s office, school attorney Jill Wilson said, “We’re waiting for more information from (Kowalewski).” She declined to elaborate.
District Attorney Doug Henderson did not return phone calls Saturday.
In the seven weeks since Guilford County Schools officials announced their investigation — one that cost the Nighthawks their state basketball crown — Kowalewski has been anything but quiet. Few of the key players have escaped his wrath, including Wilson, Superintendent Maurice “Mo” Green, and even his fellow Guilford County basketball coaches.
But Saturday may have been his loudest attack yet:
“If Major League Baseball were to do an investigation on the Red Sox and (New York Yankees owner) George Steinbrenner were going to run it, how the heck do you think that’s going to turn out for the Red Sox?” Kowalewski said.
Green has said he is comfortable with Wilson’s involvement in the Page investigation.
Through Wilson, Green denied offering any such deal: “There have never been any negotiations with Stan Kowalewski related to the state championship,” he said.
Kowalewski said the parents of the two ineligible players have asked the school system to share with them the information they turned over to the N.C. High School Athletic Association, which vacated the team’s 3-A state crown this month, but schools officials have yet to do so.
“I promise you this is not over with parents,” he said. “Jill and Mo picked the wrong people to go after. They’re going to fight this.”
Contact Robert Bell at 373-7055 or robert.bell@news-record.com
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