According to IRS form 990 (2010 tax year), SCAD paid over 5 million (USD) in legal fees. What is going on here? Our crack team of investigative reporters are on the case. We suspect that perhaps the legal bills relate to activity in Hong Kong. Hyacinth Bucket, SCAD’s newly appointed director of public relations, told SCAD Secrets “We are currently reviewing some rather lovely travel brochures from the QEII and as such do not have the time to comment on such a frivolous matters.”
We at SCAD Secrets were curious how much money other privately held art schools spend on their lawyers, so we headed over to www.Guidestar.com and ran a quick search (it is a free service). RISD spent around 800k on construction, 300k on computer services and 500k on financial services, MICA spent 2 million on food service (boy do MICA students eat a ton!). Bottom line, neither school spent enough on legal fees to list them on the IRS 990 form.
Take a look for yourself at www.guidestar.com,who said tax returns were not fun to read—especially when they are not yours!
Dear Leader addressed concerns over the release of SCAD’s tax returns from her porch at the Landings stating: “The highest and best use of a front porch is to enable and encourage the art of conversation. We entertain ourselves with stories on the porch. We invite people in. We sit. We visit.”
All stories on SCADSECRETS.com are parodies. All content on SCADSECRETS.com is fictionalized and any resemblance to persons living or dead is purely coincidental. This site and the content contained within it are not affiliated with the Savannah College of Art & Design, a university of creative careers founded by Ms. Paula Wallace who is practically perfect in every way
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