The head of Inner City Education Foundation - ICEF - Public Schools, Parker Hudnut, detailed cost cutting and major philanthropic help as he described a two-year effort that’s led the 14-campus charter school company on a financial turnaround.
Hudnut came on board a year and a half ago. Philanthropists had donated about $10 million to keep the doors open the year before, but that wasn’t enough.
“We had a $2 million payroll due 72 hours after I started, we had $15,000 in the bank and no more money coming in from the state," Hudnut said. "That was my first week on the job."
ICEF laid off 100 employees, changed its spending habits and scrutinized every line item on its budget. Sitting down with principals, Hudnut said, led to a nearly two-thirds cut to ICEF’s $700,000 annual security budget.
Courtesy Green Dot Public Schools
Steve Barr, Founder, Green Dot charter schools
Barr, who stepped down from day-to-day operations in 2009, said other school improvement projects are eating up his time.
“I’m the chair of a board for our school in New York," said Barr. "I’m the chair of the turnaround effort for the school we’re turning around in New Orleans and Green Dot’s board is generally run by an executive committee which I’m not a member of just because I don’t have the time for it."
Green Dot spokesman Gabriel Sanchez said the board of directors didn’t expect Barr’s departure. Barr told the board in an email sent to board chair Marlene Canter. It read, "Please accept my resignation from the board," and nothing else.
The U.S. Department of Education has announced finalists in the Race to the Top grant competition that gives $400 million to school districts — but L.A. Unified, led by Superintendent John Deasy, won't be one.
The U.S. Department of Education announced 61 finalists today in the Race to the Top grant competition. Those that made the cut represent more than 200 public school districts — but L.A. Unified was not one.
L.A. Unified Superintendent John Deasy submitted the application for $40 million in federal dollars earlier this month without the required signature of support from UTLA.
Four California districts were named finalists: Green Dot Public Schools: Animo Leadership Charter High School, in Lennox; Galt Joint Union School District, near Stockton; Lindsay Unified School District, east of Tulare; and New Haven Unified School District, in the San Francisco Bay Area. Other finalists included New York City Public Schools, Boston Public Schools and Baltimore City Public Schools.
The U.S. Department of Education plans to make 15 to 25 of the four-year awards ranging from $5 million to $40 million, depending on the population of the students served.
Larry W. Smith/Getty Images
An elementary school student does work at her desk
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 the ICEF schools as an alternative to other low-performing public schools in the area.
ICEF continued to have money problems. One of its schools reportedly closed for a day because administrators hadn’t paid rent on the building. Earlier this year, the Los Angeles Times reported that ICEF paid out $1.4 million to settle three harassment claims against high-profile music director Fernando Pullum.
The financial turnaround, ICEF officials say, is the result of a two-year effort to stabilize the finances. The nonprofit’s administrators say they’ll release details later this week.
Krista Kennell/AFP/Getty Images
Miramonte Elementary School in Los Angeles, California February 6, 2012.
A former Miramonte Elementary School teacher pleaded not guilty Monday to three felony counts of fondling a student.
Martin Bernard Springer faces three charges of molesting a second grade female student over a f several months in 2009.
The allegations against Springer, a second grade teacher at Miramonte Elementary School in South Los Angeles, surfaced earlier this year - days after fellow teacher Mark Berndt was arrested and charged with 23 counts of lewd acts on a child.
Springer’s attorney has argued that the veteran teacher is a victim of a witch hunt that followed on the heels of the Berdnt scandal.
Initially, two students alleged that Springer had inappropriately touched them in class, but one withdrew her accusation shortly after the teacher's arrest.
The 50-year-old from Alhambra is out on bail. Authorities monitor his movements with a tracking bracelet.
He’s scheduled to return to court on January 16th.