Columbia College reported financial losses while paying former president

Columbia College, which last month announced the elimination of more than 100 jobs, has been in the red since 2019, according to financial records compiled by ProPublica.

Columbia College reported a $13.9 million loss for fiscal 2022. This is a trend the college has seen since 2019 where, excluding 2021, Columbia College reported net losses.

One large expense Columbia College has reported is paying the school’s former president. Scott Dalrymple, who stepped down effective Dec. 1, 2020, was paid $643,098 in fiscal 2022 and $950,378 in 2021, for a total of nearly $1.6 million. At least $885,000 of that is part of a separation agreement between Dalrymple and the college, according to the IRS filings from 2021 and 2022.

Read more from ABC 17 News.


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