Anything interesting happening?
https://projects.propublica.org/nonprofits/display_audit/2023-12-GSAFAC-0000036553
2 replies (most recent on top)
The University entered into a managed services agreement (“MSA”) on January 7, 2019, and amended and restated on September 1, 2019, with Studio Enterprise Manager, Inc. (“Studio”) as a result of the EPF Purchase Transaction. Pursuant to the MSA, Studio provides certain non-core services to the University including marketing support,
corporate technology, compliance support, legal support and other administrative services. The University pays Studio a monthly service fee in advance for the non-core services provided. The University paid service fees totaling approximately $56.6 million during the year ended December 31, 2023.
$36M loan due December 2025....see page 12.