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

No matter the scale, “sweeps” contracts are a common tool. The management company provides virtually all of the school’s services and may even contract not for a set fee, but, as one EMO contract states, it receives “as renumeration for its services an amount equal to the total revenue received” by the school “from all revenue sources.”

It’s not surprising. While many may argue that there’s nothing wrong with mixing profit motives with education, one of the obvious issues is that the only real way to maximize profit from a school is to reduce the amount of money spent on operating it. Every dollar spent on educating students is one less dollar to bank. Students who have more expensive needs are a liability standing in the way of profit.

 

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It's appalling that businesses are profiting from manipulating parents and children.

Hi

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