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Trường học nợ thuế
by 8DonCo Sat May 04, 2024 8:05 pm
North Carolina HBCU faces battle with IRS, risks being shut down
Saint Augustine's University is $32 million in debt as faculty goes unpaid.
Saint Augustine's University in Raleigh, North Carolina, is in an ongoing battle with the IRS and the Southern Association of Colleges and Schools Board of Trustees after the historically Black school's previous finance department "mismanaged" a $34 million budget, according to university officials.
Historically Black Colleges and Universities (HBCUs), both public and private, have been underfunded due to lower endowments, less alumni support and state and federal underinvestment.
Recently, HBCUs have faced several challenges. During a funding crisis, Tennessee State University had its board stripped away in a complete overhaul by state lawmakers. In Mississippi, lawmakers proposed a bill that would have shut down the state's only public HBCUs.
Now teachers and staff at Saint Augustine's have not received a salary for three months following the institution's plunge into debt of $32 million. The dire financial situation places the university at a high risk of losing its accreditation, a crucial aspect of its credibility and reputation.
"We're still unpacking, but the biggest piece starts with our missing audits from 2021, 2022 and 2023," Saint Augustine's Interim President Marcus H. Burgess told ABC News in an interview in March. "A $34 million budget. There was only $130,000 that can be accounted for. So a new finance team was brought in, and they "literally had to recreate all of those financials. And it took them about two years to do that."
Saint Augustine's University accreditation appeal was denied.
ABC News
Christine Johnson McPhail, the previous president of Saint Augustine's University (SAU), was terminated on Dec. 3, 2023, when the Southern Association of Colleges and Schools Board of Trustees voted unanimously to remove Saint Augustine's status as an accredited institution. On Feb. 20, the school had an appeal hearing with the Board of Trustees. The committee that heard that appeal rendered the decision to fire McPhail.
Saint Augustine's University is $32 million in debt as faculty goes unpaid.
Saint Augustine's University in Raleigh, North Carolina, is in an ongoing battle with the IRS and the Southern Association of Colleges and Schools Board of Trustees after the historically Black school's previous finance department "mismanaged" a $34 million budget, according to university officials.
Historically Black Colleges and Universities (HBCUs), both public and private, have been underfunded due to lower endowments, less alumni support and state and federal underinvestment.
Recently, HBCUs have faced several challenges. During a funding crisis, Tennessee State University had its board stripped away in a complete overhaul by state lawmakers. In Mississippi, lawmakers proposed a bill that would have shut down the state's only public HBCUs.
Now teachers and staff at Saint Augustine's have not received a salary for three months following the institution's plunge into debt of $32 million. The dire financial situation places the university at a high risk of losing its accreditation, a crucial aspect of its credibility and reputation.
"We're still unpacking, but the biggest piece starts with our missing audits from 2021, 2022 and 2023," Saint Augustine's Interim President Marcus H. Burgess told ABC News in an interview in March. "A $34 million budget. There was only $130,000 that can be accounted for. So a new finance team was brought in, and they "literally had to recreate all of those financials. And it took them about two years to do that."
Saint Augustine's University accreditation appeal was denied.
ABC News
Christine Johnson McPhail, the previous president of Saint Augustine's University (SAU), was terminated on Dec. 3, 2023, when the Southern Association of Colleges and Schools Board of Trustees voted unanimously to remove Saint Augustine's status as an accredited institution. On Feb. 20, the school had an appeal hearing with the Board of Trustees. The committee that heard that appeal rendered the decision to fire McPhail.
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8DonCo
Re: Trường học nợ thuế
by 8DonCo Sat May 04, 2024 8:05 pm
Mấy trường nầy chắc dễ vô mà học cũng dễ vi họ cần tiền nhiều hơn 
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8DonCo
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