Report: How A Non-Profit Charter School Can Be Run For Profit

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How a non-profit charter school can be run for profit

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There are other ways to pull profits from these operations. Many charter schools are part of lucrative real estate deals. One audit in New York found that the Diocese of New York was renting a facility to NHA for $264,000 per year; National Heritage Academy sublet that space to its charter school $2.76 million. Jon Hage, CEO of Charter Schools USA, also owns Red Apple Development, whose website displays 66 CSUSA schools that Red Apple developed and, in most cases, owns and leases.

It’s also important to remember that these schools are paid for with taxpayer dollars. When Ron Packard collected $19 million as K12’s CEO, that was paid primarily taxpayer dollars.

 

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