Pass / Fail : Financially troubled charter school company says finances now in order | 89.3 KPCC

Pass / Fail : Financially troubled charter school company says finances now in order | 89.3 KPCC:

Financially troubled charter school company says finances now in order

by By Adolfo Guzman-Lopez

An elementary school student does work at her desk Credit: Larry W. Smith/Getty Images
Two years after it almost closed 14 Los Angeles-area schools, ICEF Public Schools says it’s on a stable financial footing.
A $700,000 donation saved the nonprofit from closing schools that serve 4,500 students. The ICEF in its name stands for Inner City Education Foundation.

After that donation, the nonprofit’s founder stepped down as chief executive, and the company cut 100 jobs. ICEF’s financial troubles were a big concern among parents in Inglewood and South L.A., whose children flock to