PROVIDENCE, R.I. — A nonprofit sport institute under investigation by Rhode Island state police promised to settle more than $424,000 in debt owed to the University of Rhode Island by mid-2010 or sell one or more of several properties it owned in North Carolina, according to a 2009 written pledge obtained Wednesday by The Associated Press.
However, a state audit says the Institute for International Sport owed URI $380,846 as of last month, and five properties owned by the nonprofit on Bald Head Island, N.C., have been foreclosed, said Shana Hewett, a deputy clerk for the Brunswick County court system. She said the foreclosures were completed between November and this month.
It was unclear whether the institute ever sought to sell its North Carolina properties. An institute spokeswoman declined to comment. Founder and chairman, Daniel E. Doyle Jr., of West Hartford, Conn., did not return a message.
The institute’s finances have been under scrutiny since a state audit found it could not account for most of a $575,000 legislative grant to construct a building on the URI campus. The audit said the institute provided canceled checks for $163,400 in expenses. The building is empty and has no plumbing, electricity or heating, the audit said.
The institute has said the money was spent properly.