Wednesday, December 9, 2009

A look at the whys and hows of executive pay at charter schools | GothamSchools


A look at the whys and hows of executive pay at charter schools | GothamSchools:

"A hotly-debated topic in the larger battle between charter school advocates and those who oppose their expansion is the question of executive pay. How much is too much for a charter school chief executive officer?

Though charter schools are privately operated, they receive public funding, which opens them up to criticism when their CEOs and CFOs receive high six-figure salaries."


One interesting case study is Harlem Village Academies, a network of charter schools founded by Deborah Kenny in 2001, which operates three charter schools — two middle schools and one high school — in Harlem. According to an analysis done by Kim Gittleson, Kenny also happens to be one of the mostly highly-paid charter executives in the city, second only to Geoffrey Canada, founder of the Harlem Children Zone charter schools.
Like all charter schools, Kenny’s schools are privately operated but receive public funding, opening her up to criticism that her salary far exceeds what traditional public school administrators earn. This year, Kenny’s base salary, excluding her pension and expense account, is $275,000. She also has the opportunity, as she has every year, to earn a year-end bonus of $150,000 if her schools do well, putting her total salary at a potential $425,000.

Ed Lewis, chairman of the board for Harlem Village Academies, said Kenny’s salary is entirely paid by the board and private contributions.