Monday, April 26, 2010

More on Imagine Schools

The NY Times ran an lengthy and well-researched article on Imagine Schools. Imagine is the largest management company for charter schools in the nation with 71 schools operating. In Colorado, there are two charter schools--in Firestone and the eastern part of Colorado Springs.

Imagine is criticized for extracting so much money from the schools it operates that the school operates on an extremely lean budget. This results in fewer resources and smaller salaries. Imagine is applying for nonprofit status (since 2005), but it also operates a facilities financing company that is for profit.

Pieces of this information has been reported in the past. However, this is the first article that collectively outlines all of the issues that have surfaced.

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