The Falmouth campus of the National Graduate School of Quality Management.

The school’s 400 students attend classes at off-site facilities across the country, not at the $3.25 million waterfront compound.

The school focuses on a particular field of business management.

Former school president Robert J. Gee made $732,891 in compensation a few years ago, comparable to the salary of the president of Tufts University.

For years, the school’s revenues financed a lavish lifestyle for Gee and for his wife, who has been paid at least $100,000 a year since 2003.

In 2009, the school purchased new Mercedes-Benz cars for Gee and his wife at a cost of $130,638 - about 2% of the school’s revenues that year.

Gee said the Falmouth compound was never intended to be his residence.

Gee bought the compound in 2009 after the Massachusetts Development Finance Agency authorized $2.64 million in low-interest bonds.

Gee said his $732,891 compensation was justified in part because he was the school’s founder.

The campus has spectacular views of Martha’s Vineyard.