jbrob
Official BDF member
Posts: 1,125
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Post by jbrob on Feb 15, 2024 23:14:00 GMT -5
On Tuesday, the IRS filed a $7.9 million lien against St. Augustine's University for unpaid taxes dating back to the end of 2020. In December 2023, FieldTurf USA filed a $598,000 lien against the school for failing to pay for a new artificial turf field. A contractor also filed a civil complaint for $8,000 for consulting services. In October 2023, Wellfleet Insurance said the university owed almost $430,000 for deductibles on student health insurance plans. Also in October 2023, the North Carolian Division of Employment Security issued a notice of delinquency for not paying unemployment taxes in the amount of nearly $27, 000. In July 2023, a contractor filed a $15,000 lien for unpaid work on the school’s chapel. According to the register of deeds, St. Augustine's University took out a $7 million line of credit loan in October 2023. It’s not clear what the school is using that money for. www.wral.com/story/st-augustine-s-university-faces-financial-crisis-7-9m-tax-lien-unpaid-debts-and-accreditation-at-risk/21286328/ |
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Post by marchingband1969 on Feb 16, 2024 13:14:30 GMT -5
On Tuesday, the IRS filed a $7.9 million lien against St. Augustine's University for unpaid taxes dating back to the end of 2020. In December 2023, FieldTurf USA filed a $598,000 lien against the school for failing to pay for a new artificial turf field. A contractor also filed a civil complaint for $8,000 for consulting services. In October 2023, Wellfleet Insurance said the university owed almost $430,000 for deductibles on student health insurance plans. Also in October 2023, the North Carolian Division of Employment Security issued a notice of delinquency for not paying unemployment taxes in the amount of nearly $27, 000. In July 2023, a contractor filed a $15,000 lien for unpaid work on the school’s chapel. According to the register of deeds, St. Augustine's University took out a $7 million line of credit loan in October 2023. It’s not clear what the school is using that money for. www.wral.com/story/st-augustine-s-university-faces-financial-crisis-7-9m-tax-lien-unpaid-debts-and-accreditation-at-risk/21286328/It this is correct, their Administration needs to be publicly pimp-slapped. You owe back taxes and you're installing turf on your football field? There appears to be some major mismanagement going on there. |
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aggie94
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Posts: 524
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Post by aggie94 on Feb 16, 2024 14:05:13 GMT -5
On Tuesday, the IRS filed a $7.9 million lien against St. Augustine's University for unpaid taxes dating back to the end of 2020. In December 2023, FieldTurf USA filed a $598,000 lien against the school for failing to pay for a new artificial turf field. A contractor also filed a civil complaint for $8,000 for consulting services. In October 2023, Wellfleet Insurance said the university owed almost $430,000 for deductibles on student health insurance plans. Also in October 2023, the North Carolian Division of Employment Security issued a notice of delinquency for not paying unemployment taxes in the amount of nearly $27, 000. In July 2023, a contractor filed a $15,000 lien for unpaid work on the school’s chapel. According to the register of deeds, St. Augustine's University took out a $7 million line of credit loan in October 2023. It’s not clear what the school is using that money for. www.wral.com/story/st-augustine-s-university-faces-financial-crisis-7-9m-tax-lien-unpaid-debts-and-accreditation-at-risk/21286328/It this is correct, their Administration needs to be publicly pimp-slapped. You owe back taxes and you're installing turf on your football field? There appears to be some major mismanagement going on there. MarchingBand 1969 this has been going on at least since 2015 when I was working as the Principal of the Men's Academy. There is no way that SAU will survive this. |
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Post by A&T AGGIE 96 on Feb 16, 2024 15:02:52 GMT -5
This is horrible...private schools are really taking it on the chin right now. Especially HBCUs...and to have one authorizing spending on Field Turf, or even a football team for that matter with these types of money woes is mismanagement at it's worst. Damn !
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jbrob
Official BDF member
Posts: 1,125
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Post by jbrob on Feb 17, 2024 20:23:16 GMT -5
St Aug fired the president. They are also being sued by the former head coach.
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Post by aggiestats on Feb 18, 2024 11:34:19 GMT -5
The Episcopalians have been poor stewards of HBCUs. We lost St. Paul's College and now may lose St. Aug. Hopefully, this can strengthen Shaw.
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jbrob
Official BDF member
Posts: 1,125
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Post by jbrob on Feb 19, 2024 16:51:39 GMT -5
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jbrob
Official BDF member
Posts: 1,125
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Post by jbrob on Mar 5, 2024 18:14:52 GMT -5
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