They set up nonprofit schools and then direct the schools’ business operations to related corporations. For example, it says, one of the largest EMOs, National Heritage Academies, “locks schools in with a ‘sweeps contract’ where virtually all revenue is passed to the for-profit management corporation, NHA, that runs the school.”
“In other cases, the EMO recommends their own related companies for services that include leasing, personnel services, and curriculum,” it says
The report was produced by the Network for Public Education, an education advocacy group that opposes charter schools. It was written by Carol Burris, executive director of the Network for Public Education and a former award-winning New York principal, and Darcie Cimarusti, the network’s communications director.
The authors wrote that despite “strict regulations against the disbursement of funds from the federal Charter Schools Program (CSP) to charter schools operated by for-profit entities,” they identified more than 440 charter schools operated for profit that received grants totaling approximately $158 million between 2006 and 2017.
They also found that fewer disadvantaged students, proportionally, attend charters run for profit than CONTINUE READING: Biden promised to end federal funding of for-profit charter schools. A new report explains how they operate. - The Washington Post