<p>All nonprofits are required to submit a Form 990 annually to the IRS. You can check out this organization’s form at <a href=“https://bulk.resource.org/irs.gov/eo/2012_03_EO/52-1870777_990_201108.pdf”>https://bulk.resource.org/irs.gov/eo/2012_03_EO/52-1870777_990_201108.pdf</a> If you are not familiar with these, and most are not, for 2011 (last one I could find) it says in a nutshell the organizations revenues were $7.09 million (with $6.4M from “MEMBER DUES”. Expenses listed: $1.98M going to salaries, $570K going to grants/scholarships for 732 students, $3.3M going to “MEMBERSHIP - ENCOURAGES LEARNING OPPORTUNITIES THROUGH COMMUNITY SERVICE, WEB PAGE ORIENTATIONS, BROCHURES AND PARTICIPATING IN CONFERENCES”, $1.06M going to OTHER PROGRAM SERVICES INCLUDE PUBLIC OUTREACH, ALUMNI SERVICES, CAREER CENTER, PACE, COMMUNICATIONS, AND RECOGNITION, etc. The Founder and CEO, Stephen Loflin makes $190K in salary and benefits.</p>
<p>So do the math, IF the $6.4M comes from member dues of $95 per student as it would seem then 67,368 students joined and 732 received scholarships of less than $1,000 each. You decide if it is a scam.</p>