A fundraising company in Saskatoon is facing financial losses after a private school in the area shut down without paying the money it owed.
The company, which specializes in helping schools raise funds through various campaigns, was hired by the now-defunct Saskatoon Academy to assist with their fundraising efforts. However, after the school closed its doors in 2019, the company was left in the dark about the money it was owed.
According to the company’s president, they were initially promised a payment of $50,000 from the school, but only received a partial payment of $10,000. Despite numerous attempts to contact the school’s board of directors and the lawyer handling the school’s bankruptcy, the company has yet to receive the remaining balance.
The president of the fundraising company expressed their frustration and disappointment, stating that they had put in a lot of time and effort into helping the school raise funds. They also mentioned that the money owed to them is crucial for their business and its employees.
The closure of Saskatoon Academy has also affected other businesses and individuals. A local printing company, which had provided services to the school, is owed over $20,000. The company’s owner stated that they have not received any communication from the school or its representatives regarding the outstanding payment.
The former principal of Saskatoon Academy, who is now working at a different school, declined to comment on the situation. The lawyer handling the school’s bankruptcy also did not respond to requests for comment.
The fundraising company has now filed a claim with the bankruptcy court in hopes of receiving the remaining balance. They are also urging other businesses and individuals who are owed money by the school to come forward and join their claim.
This situation serves as a reminder for businesses and individuals to be cautious when dealing with private schools and to have proper contracts in place to protect themselves in case of unforeseen circumstances.
As the legal process unfolds, the fundraising company and other creditors are left waiting for answers and hoping to receive the money they are owed.
