Third National Nonprofit Gets Letter From Carr
FCC Commissioner Brendan Carr sent a letter to the North American Catholic Educational Programming Foundation, the third organization targeted (see 1907050034) in the probe of nonprofits holding educational broadband service licenses. The Monday letter notes the NACEPF listed $60 million…
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in assets in its 2016 Form 990 filing with the IRS. A check of the form substantiated that amount, “What formal restrictions exist on the expenditure of your assets and, in particular, what controls exist to ensure that assets derived from EBS licenses are spent consistent with the purpose of such licenses?” the letter asks: “Do you commit to use all of your accumulated assets and future revenue attributable to EBS licenses -- including the sale of such licenses -- to the provision of instructional material to accredited educational institutions or governmental organizations engaged in the formal education of enrolled students?” The group didn’t comment.