Thread regarding Zenith Education Group layoffs

552, if you plan on making a career out of being a receptionist then you have a problem. The other positions pay pretty well. Apparently you are a person that feels people working at McDonald's should be paid $15 an hour. That's ok if you are willing to pay $12 for a hamburger or $10 for a gallon of milk.

My car lender just rejected my health insurance card!! They want real money!

552: Zhou just gave ma a great idea. When my car note is due I will pay them with me health insurance card!! Lol

Is 12/hour a lot of money? Compared to Revina's 200K per year plus bonus plus perks plus benefits, 12/ per hour minus money to pay for instance, minus tax, minus social security, they gross about 8 per hour. I am sure 552 can survive on that!

Soon everybody will be making the same money.... Zero per hour. Good luck.,

Instructions making 80K? Really?

208, almost all the campuses. Instructors 40 - 80K Career Services 30 - 50K FA 30 - 50K. If you include the employers share of unemployment compensation, social security, workmans comp. and health insurance add 10 - 30K to everyone's salary. The lowest paid employees are receptionists at $12 an hour plus all benefits. Hardly poverty level wages.

Income less than expenses

Income < expenses

207: I appreciate all the intellectual accounting. Here is a simpler reason why Zenith is gong to close: income <expenses. Or students=0.

196: Soon enough everyone will get zero income.

What campus do teachers, receptionists, FA reps, and career services reps make 50k?

To reduce the amount of taxable income, a nonprofit organization can report losses on Form 990-T. Reportable losses include capital losses and net losses, which are losses that weren't incurred on capital assets. A nonprofit organization can only include losses it incurred while attempting to generate a profit through business or trade activity. It can't include any losses related to its nonprofit activities. Considering the fact that Zenith is a non profit, the write-off would be difficult if not impossible to achieve.

Poverty level? How do you figure that? Many of these employees are making $40k to $50k per year with very good benefits.

All supporters of Zenith will soon be supported by their unemployment check. My sympathy goes to teachers, career services reps and other people who are just above poverty level income. I hope these poverty level, hard working people stop listening to the shit the their CP's and RVPO's dish out to them and find a job elsewhere soon.