Institute for Study Abroad Saga Continues

The Indianapolis Star has picked up the story about the questionable practices at Butler University's Institute for Study Abroad.

"An institute that provides study abroad for Butler University students was one of five such programs to be sent a subpoena this week by New York State Attorney General Andrew Cuomo’s office," notes The Star today.

Check it out here, at least until the link expires.

UPDATE (25 August 2007):
The Indianapolis Business Journal has more on the IFSA.

"IFSA may be obscure, but its revenue of $48.9 million puts it in the ranks of the city's larger and better-known not-forprofits.

"It took in more than the $37 million United Way of Central Indiana generated last year. It also surpassed such wellknown institutions as Goodwill Industries of Central Indiana, at $40.5 million, and the $38 million in revenue reported by the Indianapolis Museum of Art.

"Though it's a not-for-profit, IFSA operates very much like a for-profit business as it doesn't rely on charitable contributions for its income. According to its IRS Form 990 for the year ended May 31, 2006, IFSA generated all but $510,907 of its revenue from program service revenue and application fees; the remainder was interest income.

"IFSA is large even by for-profit standards. If it were a public company, IFSA would rank among the 25 largest in the Indianapolis area in terms of revenue. It had 54 employees as of mid-2006, records show."