Comments on: IRS Form 990s and Charter School Compensation http://gothamschools.org/2009/12/04/irs-form-990s-and-charter-school-compensation/ Fri, 10 Feb 2012 02:42:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: State of the Arts: Charts on Charters | Incongressional http://gothamschools.org/2009/12/04/irs-form-990s-and-charter-school-compensation/comment-page-1/#comment-267465 State of the Arts: Charts on Charters | Incongressional Thu, 13 May 2010 19:04:11 +0000 http://gothamschools.org/?p=28351#comment-267465 [...] New York Daily News gothamschools.org [...] [...] New York Daily News gothamschools.org [...]

]]> By: Alexandria Cordovano http://gothamschools.org/2009/12/04/irs-form-990s-and-charter-school-compensation/comment-page-1/#comment-265817 Alexandria Cordovano Sat, 01 May 2010 08:14:07 +0000 http://gothamschools.org/?p=28351#comment-265817 What's Up! Just had to chime in. I truly enjoyed your opinion. Keep up the phenomonal work. What’s Up! Just had to chime in. I truly enjoyed your opinion. Keep up the phenomonal work.

]]> By: Facts About Charter Schools http://gothamschools.org/2009/12/04/irs-form-990s-and-charter-school-compensation/comment-page-1/#comment-259675 Facts About Charter Schools Tue, 23 Mar 2010 22:05:59 +0000 http://gothamschools.org/?p=28351#comment-259675 [...] Tax-payer funded charter schools can pay their CMO’s any salary they wish.  As of the 2007-2008 school years the highest paid CMO executive received $494,269 a year (with $515,258 pension and expense account).   CMO’s are those in the management and executive level of a charter school/s.  This is our money paying them! (Source: Gothamschools.com, http://gothamschools.org/2009/12/04/irs-form-990s-and-charter-school-compensation) [...] [...] Tax-payer funded charter schools can pay their CMO’s any salary they wish.  As of the 2007-2008 school years the highest paid CMO executive received $494,269 a year (with $515,258 pension and expense account).   CMO’s are those in the management and executive level of a charter school/s.  This is our money paying them! (Source: Gothamschools.com, http://gothamschools.org/2009/12/04/irs-form-990s-and-charter-school-compensation) [...]

]]> By: Jeff Camp http://gothamschools.org/2009/12/04/irs-form-990s-and-charter-school-compensation/comment-page-1/#comment-249001 Jeff Camp Tue, 08 Dec 2009 21:01:31 +0000 http://gothamschools.org/?p=28351#comment-249001 Your analysis is incomplete if you do not take account of pensions, which are a major component of total compensation. The structure of pensions can differ greatly between charter and non-charter organizations. A reasonable way to do this math is to calculate the present value of each year's change in an individual's pension obligation. You can see an example of this in the "Education Impact Guide" on fullcirclefund.org in the Education section. Your analysis is incomplete if you do not take account of pensions, which are a major component of total compensation. The structure of pensions can differ greatly between charter and non-charter organizations. A reasonable way to do this math is to calculate the present value of each year’s change in an individual’s pension obligation. You can see an example of this in the “Education Impact Guide” on fullcirclefund.org in the Education section.

]]> By: wondering http://gothamschools.org/2009/12/04/irs-form-990s-and-charter-school-compensation/comment-page-1/#comment-248810 wondering Sat, 05 Dec 2009 22:23:00 +0000 http://gothamschools.org/?p=28351#comment-248810 can retired nyc teachers/principals collect full pensions if employed by charters? can retired nyc teachers/principals collect full pensions if employed by charters?

]]> By: Gideon http://gothamschools.org/2009/12/04/irs-form-990s-and-charter-school-compensation/comment-page-1/#comment-248806 Gideon Sat, 05 Dec 2009 19:14:05 +0000 http://gothamschools.org/?p=28351#comment-248806 This analysis makes no sense. You should not put school leaders and CMO leaders in the same category to determine the top earner in a charter school; that would be like combining principal and superintendent salaries to arrive at the top salary in a school building, which is clearly inaccurate. Your analysis conflates the salaries of actual school principals with people like Geoffrey Canada and Randi Weingarten who run enormous organizations (Harlem Children's Zone and American Federation of Teachers, respectively) where they have no role in the day-to-day operation of the charter schools associated with their organizations. In addition, the so called "Friends of" organizations are usually set up for fundraising purposes and typically pay no salaries, they just funnel money to their associated schools or maintain ownership of buildings that are rented to their schools. It would be interesting to know CMO leaders' salaries and compare them to traditional superintendent salaries, controlling for the number of schools and/or students in their portfolios. This analysis makes no sense. You should not put school leaders and CMO leaders in the same category to determine the top earner in a charter school; that would be like combining principal and superintendent salaries to arrive at the top salary in a school building, which is clearly inaccurate. Your analysis conflates the salaries of actual school principals with people like Geoffrey Canada and Randi Weingarten who run enormous organizations (Harlem Children’s Zone and American Federation of Teachers, respectively) where they have no role in the day-to-day operation of the charter schools associated with their organizations. In addition, the so called “Friends of” organizations are usually set up for fundraising purposes and typically pay no salaries, they just funnel money to their associated schools or maintain ownership of buildings that are rented to their schools.

It would be interesting to know CMO leaders’ salaries and compare them to traditional superintendent salaries, controlling for the number of schools and/or students in their portfolios.

]]> By: Rosa Bernstein http://gothamschools.org/2009/12/04/irs-form-990s-and-charter-school-compensation/comment-page-1/#comment-248781 Rosa Bernstein Sat, 05 Dec 2009 03:02:45 +0000 http://gothamschools.org/?p=28351#comment-248781 The title says Charter School Compensation, but when it comes to the UFT Charter School you list the salary the Chair of the Board, Randi Weingarten, draws from the AFT. Not a cent from the UFT Charter School or any entity related to it goes to Randi Weingarten. Indeed, no one on the Board draws any compensation from the school. By the logic you use for the UFT Charter School, you should be listing Whitney Tilson's salary as a hedge fund operator under the KIPP schools where he is a trustee. The title says Charter School Compensation, but when it comes to the UFT Charter School you list the salary the Chair of the Board, Randi Weingarten, draws from the AFT. Not a cent from the UFT Charter School or any entity related to it goes to Randi Weingarten. Indeed, no one on the Board draws any compensation from the school. By the logic you use for the UFT Charter School, you should be listing Whitney Tilson’s salary as a hedge fund operator under the KIPP schools where he is a trustee.

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