”Additionally, she noted that with the deferrals and if the revolving loan doesn’t come through CWC would have a negative ending balance of approximately $15-20k. Strategies to address this include working to move up the schedule of donations from CWC Founder Mark Gordon to ensure a positive ending balance.”This points to poor financial management of the organization; and the potential risk that NY state taxpayer funds may be used to cover the shortfall of the CMO’s operations in California.
“Amy Held updated the board that CWC Schools is working throughout the country in similarly naturally diverse communities exploring the possibility of opening charters that share the same mission and model as CWCH. These include NY, Minnesota and the South.”In the forms filled out by the proposed board of trustees of these NY schools, the same answer is given when the question is asked if the board member or his or her spouse know anyone connected to the CMO: “not applicable because the school does not contact [sic] with a management company or charter management organization.” And yet the application also says that these NYC charters “will be part of the national network of Citizens of the World Charter Schools.” What will the legal and financial relationship between the charter schools in Southern California and those in New York City, if there is no CMO? This is a troubling question. The fact that the applications of both charter schools also appear to list identical proposed board members is yet another concern.
“SUNY’s proposal review process must generally ‘consider the demand for charter schools by the community,’ per Education Law § 2852(9-a)(b).” And: “…applicants will also be required to show evidence of community interest in and support for the school.”
Approving this charter would appear to violate the intent of the law.