This week we have Tennessee and the group in discussion is Southern College Of Optometry. Some questions we have for this organization are:
Why did you take out a PPP loan for a total of $4.09M when the organization has over $90M net assets and since 2020 your assets have gone up $13M?
Why do you have $566 K from 11B loss of termination of interest?
Tell us more about the Federal Perkins Loan Program - FO ($820k)?
Why do you have a Pension Plan of over $4.5M?
Why is there over $50M in publicly traded securities?
We reached out to the Southern College Of Optometry in order to ask them about these alarming points we came across but they never responded for a comment.
In conclusion, the Southern College Of Optometry 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 Horizon 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 $2,000,000. Here is how that breakdown of that money will look like:
$20,000 towards our website.
$1,980,000 for 66 classrooms in Tennessee
Helping 66 teachers, over 1,800 students with financial literacy and career discovery education for a full year. To learn more about the BBFK: MORE Program visit: https://bbfkids.org/
Southern College Of Optometry #doBetter and with this amount we can do #MOREtogether to truly help the youth in Tennessee!! If you believe in our program for high school and college students you can help out by donating at https://bbfkids.org/donate