This week we have South Dakota and the group in discussion is University of Sioux Falls. Some questions we have for this organization are:
Why did you take out two PPP loans for a total of $4.34M when the organization has over $59M net assets?
24a & e both are all other expenses??
Why ask for money when you have $19M in publicly traded stocks?
You have $29M in your endowment, therefore you still had $30M to use rather than asking for 2 ppp loans?
How’s the $18M bond looking?
What interest rate is the University paying on the 3 loans from Interested people?
Tell us more about School Bus Inc?
We reached out to the University of Sioux Falls in order to ask them about these alarming points we came across but they never responded for a comment.
In conclusion, the University of Sioux Falls should give the money back just like Fortune 500 companies did, but with a twist. Half going back to the government and the other half going back to Building Blocks for Kids. First PREMIER Bank can give back any revenue made (penalty should double that amount) for creating this loan. Not sure what the government will do with their half, yet BBFK knows exactly what we will do with our portion.
Building Blocks for Kids would get a total amount of $2,850,000. Here is how that breakdown of that money will look like:
$30,000 towards our website.
$2,820,000 for 94 classrooms in South Dakota
Helping 94 teachers, over 2,600 students with financial literacy and career discovery education for a full year. To learn more about the BBFK: MORE Program visit: https://bbfkids.org/
University of Sioux Falls #doBetter and with this amount we can do #MOREtogether to truly help the youth in South Dakota!! If you believe in our program for high school and college students you can help out by donating at https://bbfkids.org/donate