Thursday, February 17, 2022

House committee asks Ed Department to review Florida college's nonprofit status - Natalie Schwartz, Higher Ed Dive

The chair of the U.S. House of Representatives' Education and Labor Committee urged the Department of Education to reconsider the nonprofit status of Everglades College, the parent institution of Florida's Keiser University and Everglades University, after an investigation found the university's chancellor and his family earned millions of dollars from the institution. Amounts paid to businesses affiliated with the Keiser family in the 2019 fiscal year total $8.9 million, according to tax documents. When adding Arthur Keiser's salary, loans owed to one of the family's businesses and service payments, the family received $16.9 million from Everglades College that year, according to the letter. It alleges a similar pattern exists on Everglades' tax filings since 2011. 

https://www.highereddive.com/news/house-committee-asks-ed-department-to-review-florida-colleges-nonprofit-st/618142/