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Date: April 25th, 2008
Author: Career College News

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Update 1-DeVry 3rd-quarter profit tops forecasts

(Rueters)

For-profit education company DeVry Inc (DV.N: Quote, Profile, Research) on Thursday posted higher-than-expected quarterly earnings, citing enrollment growth and operational improvements.

Third-quarter net income surged 67 percent to $38.3 million, or 53 cents per share, from $22.9 million, or 32 cents per share, a year earlier.

Sales rose 18 percent to $291 million.

Analysts had forecast earnings of 45 cents on sales of $283 million.

DeVry said the number of people taking online undergraduate and graduate courses jumped 25 percent over a year ago, faster than the overall market growth.

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Date: September 17th, 2007
Author: Julie Fry

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Form a nonprofit entity and improve your 90/10 ratio

There is current legislation before Congress that will allow institutional scholarships to be included in your total revenue calculation if you set up a 501(c)(3) corporation.

What does this mean for your school?

  • Provide scholarships to worthy candidates
  • Add scholarship dollars to your total revenue calculation
  • Improve your 90/10 ratio
  • Gain a new marketing tool for recruiting students

If you are thinking of setting up a 501(c)(3), it is important to enlist the aid of a qualified not-for-profit expert. It can be a tricky process involving the establishment of a nonprofit corporation – Articles of Incorporation, Bylaws, acquiring an employer identification number (EIN) and filing Form 1023 with the Internal Revenue Service.

If you have any questions, please call Julie Fry, CFO and nonprofit specialist with Salmon Sims Thomas Accounting and Consulting specializing in career schools and nonprofit organizations.

www.sstcpa.com

Presentation: Form a nonprofit entity and improve your 90/10 ratio

Julie Fry, CPA - Chief Financial Officer Experience In addition to her role as Operations Director, Julie assists individuals and organizations in achieving their business goals. She has over 25 years of experience working with diverse nonprofit and religious organizations on tax and compliance issues. She joined Salmon Sims Thomas in 1996. Areas of Concentration Tax and business consulting for nonprofit and religious organizations and closely held businesses Extensive knowledge of tax law particularly as it applies to nonprofits, religious organizations and ministers Professional Certifications Certified Public Accountant Licensed in Texas Professional Associations Texas Society of Certified Public Accountants, Fort Worth Chapter National Association of Church Business Administration Association for Accounting Administration, National, State & Local Chapters Board and Community Service Guest Lecturer, National Association of Church Business Administrators and Center for Nonprofit Management National Charity League, DFW Metroplex Chapter, President-Elect Texas Association for Accounting Administration. Education Bachelor of Business Administration, Texas Tech University, 1978 Post-graduate work in accounting, University of Texas at Dallas

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Date: May 4th, 2007
Author: Regulatory Issues

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Campus Security Webinar

From CCA
This special webcast features Michael Hershman, President and CEO of The Fairfax Group, a global investigation and security consulting firm. continue article and more information at Career.org »

The Career College Association (CCA) is a voluntary membership organization of accredited, private, postsecondary colleges and universities that provide career-specific educational programs. CCA has more than 1,450 members that educate and support nearly two million students each year for employment in 200 occupational fields.

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Date: May 1st, 2007
Author: Regulatory Issues

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Issue of the Month Webinar - “School-Lender Relations”

From CCA
Sherry Mastrostefano Gray of Powers, Pyles, Sutter & Verville will be presenting an overview of the ongoing legal and regulatory activities along with tips for … continue article at Career.org »

The Career College Association (CCA) is a voluntary membership organization of accredited, private, postsecondary colleges and universities that provide career-specific educational programs. CCA has more than 1,450 members that educate and support nearly two million students each year for employment in 200 occupational fields.

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Date: December 1st, 2006
Author: Regulatory Issues

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Deadline for FISAP Edit Corrections and Perkins Cash on Hand

From CCA
The deadline for institutions to submit all corrections to FISAP data and resolution of edits is … continue article at Career.org »

The Career College Association (CCA) is a voluntary membership organization of accredited, private, postsecondary colleges and universities that provide career-specific educational programs. CCA has more than 1,450 members that educate and support nearly two million students each year for employment in 200 occupational fields.

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