Fuzzy Line Between For-Profit and Nonprofit
Mary Ellen McIntire’s October 6 article in The Chronicle of Higher Education illustrates the fuzzy line between for-profits and nonprofits. Although there are criticism of the data upon which McIntire relies, the IRS does seem to be permitting for-profits to “convert” to nonprofit status with little scrutiny; but what about existing nonprofit schools that are running operations on the side that should be characterized as for-profit? Tiffin? SNHU? More about that to come.