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BASIS is a successful businesswhose profit wouldn’t be possible without the generosity of taxpayers! Behind all that rigor & grit and weeding-out of average students is a sophisticated business operation.Its curriculum is so rigorous that many students drop out. Because BASIS charter schools are public, they must serve every student picked from a lottery. But students with disabilities or limited English often are pushed out later. Others are deterred from even applying. As BASIS grew, so did its corporate structure, needed to manage the assets and equities that run the charter; such complex corporate structures, also common to other large charter networks.For the 2014 tax year, the most recent tax filing publicly available, the nonprofit housing the network’s charter schools paid BASIS.ed $15.6 million in management fees and an additional $44.3 million for salaries and benefits."
At dianeravitch.net
