Thread regarding South University layoffs

Questions about Colbeck Foundation (aka Education Principle Foundation)

How many people at South University and the Art Institutes know about their parent company, the Colbeck Foundation (aka Education Principle Foundation-EPF): that this obscure "non-profit" is related to a NYC investment firm, Colbeck Capital?

https://www.republicreport.org/2019/devos-backed-deal-would-allow-secretive-non-profit-to-enrich-related-for-profit/

Where is Colbeck's 2019 IRS 990? Are they even registered in Delaware as they claim they are?

https://projects.propublica.org/nonprofits/organizations/464265864

https://apps.irs.gov/app/eos/detailsPage?ein=464265864&name=Colbeck%20Foundation&city=New%20York&state=NY&countryAbbr=US&dba=&type=CHARITIES,%20DETERMINATIONLETTERS,%20COPYOFRETURNS&orgTags=CHARITIES&orgTags=DETERMINATIONLETTERS&orgTags=COPYOFRETURNS

And right now, how much is Colbeck shaking down from South University and the Art Institutes? What are the implications for this shake down, on the ground, with what you see?

What happens after Colbeck extracts as much as it can from these schools?

by
| 1357 views | | 1 reply (last ) | Reply
Post ID: @OP+1e9cRKFK

1 reply

FYI: South University is not alone in this situation. Workers from Art Institutes are also experiencing it. Maybe people can share notes about getting the "Colbeck Treatment."

https://www.thelayoff.com/the-art-institutes

by
| | Reply
Post ID: @1ilm+1e9cRKFK

Post a reply

: