Total Revenue 2011-12
This page is currently a work in progress. Check back later for more numbers.
Last updated Jan 7, 2014
Note that the lag time for public access to financial information, whether the source is IRS 990 forms, state education agency websites, annual financial reports, or audits, is typically longer than a year. This is why we cannot report the numbers for 2012-13 yet.
So far, total revenue has been determined for 13 of the 25 states which had Gulen charter schools in 2011-12. Some delays are being experienced in retrieving some numbers because quite a few of these schools have apparently lost 501(c)3 IRS tax-exempt status and therefore have no Form 990s giving total revenue amounts. Audits and other financial statements are the other sources used.
For the 13 states so far, total revenue went from $276,663,301 to $317,420,388, representing a 14.7% increase.
Last updated Jan 7, 2014
Note that the lag time for public access to financial information, whether the source is IRS 990 forms, state education agency websites, annual financial reports, or audits, is typically longer than a year. This is why we cannot report the numbers for 2012-13 yet.
So far, total revenue has been determined for 13 of the 25 states which had Gulen charter schools in 2011-12. Some delays are being experienced in retrieving some numbers because quite a few of these schools have apparently lost 501(c)3 IRS tax-exempt status and therefore have no Form 990s giving total revenue amounts. Audits and other financial statements are the other sources used.
For the 13 states so far, total revenue went from $276,663,301 to $317,420,388, representing a 14.7% increase.
Texas
There are 2 chains of Gulen Charter Schools in Texas: Harmony Public Schools; and the School of Science and Technology chain. Data for the following graph were obtained from the Texas Education Agency.
There are 2 chains of Gulen Charter Schools in Texas: Harmony Public Schools; and the School of Science and Technology chain. Data for the following graph were obtained from the Texas Education Agency.
TOTAL REVENUE BY STATE
First number is 2010-11; second is 2011-12.
(Remaining states to be filled in soon.)
Arizona 18,606,906 ---> 18,675,429
Arkansas 6,592,652 ---> 7,898,147
California 22,399,219 ---> 26,372,384
Colorado 4,863,003 ---> 5,276,686
Illinois 8,275,558 ---> 9,328,844
Louisiana 9,503,410 ---> 5,340,750
Missouri 10,049,926 ---> 13,311,618
Nevada 11,514,246 ---> 13,223,174
New Mexico 1,136,615 ---> 1,631,798
North Carolina 3,901,346 ---> 3,926,199
Pennsylvania 6,185,757 ---> 7,808,385
Tennessee 2,962,800 ---> 3,211,048
Texas 170,671,863 ---> 201,415,926
First number is 2010-11; second is 2011-12.
(Remaining states to be filled in soon.)
Arizona 18,606,906 ---> 18,675,429
Arkansas 6,592,652 ---> 7,898,147
California 22,399,219 ---> 26,372,384
Colorado 4,863,003 ---> 5,276,686
Illinois 8,275,558 ---> 9,328,844
Louisiana 9,503,410 ---> 5,340,750
Missouri 10,049,926 ---> 13,311,618
Nevada 11,514,246 ---> 13,223,174
New Mexico 1,136,615 ---> 1,631,798
North Carolina 3,901,346 ---> 3,926,199
Pennsylvania 6,185,757 ---> 7,808,385
Tennessee 2,962,800 ---> 3,211,048
Texas 170,671,863 ---> 201,415,926
How these numbers were estimated.
Arizona $18,675,429
Daisy Education Corporation
(Sonoran Science Academy Tucson, Phoenix, and Ahwatukee)
Total revenue on IRS Form 990 for year ending June 30, 2011: $9,855,445
Total revenue on IRS Form 990 for year ending June 30, 2012: $9,468,080
Paragon Education Corporation (Paragon Science Academy)
Total revenue on IRS Form 990 for year ending June 30, 2011: $3,375,077
Total revenue on IRS Form 990 for year ending June 30, 2012: $3,328,731
Sonoran Science Academy Broadway Inc
Total revenue on IRS Form 990 for year ending June 30, 2011: $2,476,045
Total revenue on IRS Form 990 for year ending June 30, 2012: $2,331,184
Sonoran Science Academy Phoenix Metro
Total revenue on IRS Form 990 for year ending June 30, 2011: $ 837,368
Total revenue on IRS Form 990 for year ending June 30, 2012: $1,066,806
Sonoran Science Academy Davis Monthan
Total revenue on IRS Form 990 for year ending June 30, 2011: $2,062,971
Total revenue on IRS Form 990 for year ending June 30, 2012: ----
Prorate for 2012 because enrollment went from 163 to 196: $2,480,628
TOTAL ARIZONA 2010-11 $18,606,906
TOTAL ARIZONA 2011-12 $18,675,429
Daisy Education Corporation
(Sonoran Science Academy Tucson, Phoenix, and Ahwatukee)
Total revenue on IRS Form 990 for year ending June 30, 2011: $9,855,445
Total revenue on IRS Form 990 for year ending June 30, 2012: $9,468,080
Paragon Education Corporation (Paragon Science Academy)
Total revenue on IRS Form 990 for year ending June 30, 2011: $3,375,077
Total revenue on IRS Form 990 for year ending June 30, 2012: $3,328,731
Sonoran Science Academy Broadway Inc
Total revenue on IRS Form 990 for year ending June 30, 2011: $2,476,045
Total revenue on IRS Form 990 for year ending June 30, 2012: $2,331,184
Sonoran Science Academy Phoenix Metro
Total revenue on IRS Form 990 for year ending June 30, 2011: $ 837,368
Total revenue on IRS Form 990 for year ending June 30, 2012: $1,066,806
Sonoran Science Academy Davis Monthan
Total revenue on IRS Form 990 for year ending June 30, 2011: $2,062,971
Total revenue on IRS Form 990 for year ending June 30, 2012: ----
Prorate for 2012 because enrollment went from 163 to 196: $2,480,628
TOTAL ARIZONA 2010-11 $18,606,906
TOTAL ARIZONA 2011-12 $18,675,429
Arkansas $7,898,147
LISA Academy (West)
From June 30, 2012 audit - total revenue for year ending June 30, 2012: 4,503,760
From June 30, 2011 audit - total revenue for year ending June 30, 2011: 3,624,368
LISA Academy North
From June 30, 2012 audit - total revenue for year ending June 30, 2012: 3,394,387
From June 30, 2011 audit - total revenue for year ending June 30, 2011: 2,968,284
LISA Academy (West)
From June 30, 2012 audit - total revenue for year ending June 30, 2012: 4,503,760
From June 30, 2011 audit - total revenue for year ending June 30, 2011: 3,624,368
LISA Academy North
From June 30, 2012 audit - total revenue for year ending June 30, 2012: 3,394,387
From June 30, 2011 audit - total revenue for year ending June 30, 2011: 2,968,284
California $26,372,384
Magnolia Public Schools - Magnolia Education and Research Foundation
Total revenue on IRS Form 990 for year ending June 30, 2012: 24,631,389
Total revenue on IRS Form 990 for year ending June 30, 2011: 20,865,544
Willow Education Foundation d.b.a. Bay Area Technology School
Total revenue on IRS Form 990 for year ending June 30, 2012: 1,740,995
Total revenue on IRS Form 990 for year ending June 30, 2011: 1,533,675
Magnolia Public Schools - Magnolia Education and Research Foundation
Total revenue on IRS Form 990 for year ending June 30, 2012: 24,631,389
Total revenue on IRS Form 990 for year ending June 30, 2011: 20,865,544
Willow Education Foundation d.b.a. Bay Area Technology School
Total revenue on IRS Form 990 for year ending June 30, 2012: 1,740,995
Total revenue on IRS Form 990 for year ending June 30, 2011: 1,533,675
Colorado $5,276,686
Lotus School for Excellence
Audit gives total revenue for year ending June 30, 2012:
http://www.lotusschool.org/files/HB-10-1036/LSE_Audit_Report_2011-2012.pdf
Lotus School for Excellence
Audit gives total revenue for year ending June 30, 2012:
http://www.lotusschool.org/files/HB-10-1036/LSE_Audit_Report_2011-2012.pdf
Illinois
Chicago Math and Science Academy
Total revenue on IRS Form 990 for year ending June 30, 2011: $6,289,235
Total revenue on IRS Form 990 for year ending June 30, 2012: $6,281,835
Quest Charter Academy
Total revenue on IRS Form 990 for year ending June 30, 2011: $1,986,323
Total revenue on IRS Form 990 for year ending June 30, 2012: $3,047,009
Chicago Math and Science Academy
Total revenue on IRS Form 990 for year ending June 30, 2011: $6,289,235
Total revenue on IRS Form 990 for year ending June 30, 2012: $6,281,835
Quest Charter Academy
Total revenue on IRS Form 990 for year ending June 30, 2011: $1,986,323
Total revenue on IRS Form 990 for year ending June 30, 2012: $3,047,009
Louisiana
Audits of Pelican Educational Foundation for years ending June 30, 2011 and June 30, 2012 show "total public support and other revenues" as $9,503,410 and $5,340,750, respectively. Pelican operated Kenilworth and Abramson Charter Schools for Science and Technology in 2010-11; in the summer of 2011 the Abramson School was closed.
Audits of Pelican Educational Foundation for years ending June 30, 2011 and June 30, 2012 show "total public support and other revenues" as $9,503,410 and $5,340,750, respectively. Pelican operated Kenilworth and Abramson Charter Schools for Science and Technology in 2010-11; in the summer of 2011 the Abramson School was closed.
Missouri
Millenium [sic] Education Foundation operates the Frontier Schools chain in the Kansas City area. Their IRS 990 form shows total revenue $9,974,947 for year ending June 30, 2012, and $7,572,921 for year ending June 30, 2011.
Gateway Science Academy
IRS Form 990 for year ending June 30, 2011, total revenue: $2,477,005. Gateway lost its IRS tax-exempt 501(c)3 status, so there is no Form 990 for the 2011-12 school year. Therefore the revenue for 2011-12 is estimated by prorating based on the increase in number of students. Gateway had 340 students in 2010-11, and 458 in 2011-12. The revenue for 2011-12 is therefore estimated at $3,336,671.
Millenium [sic] Education Foundation operates the Frontier Schools chain in the Kansas City area. Their IRS 990 form shows total revenue $9,974,947 for year ending June 30, 2012, and $7,572,921 for year ending June 30, 2011.
Gateway Science Academy
IRS Form 990 for year ending June 30, 2011, total revenue: $2,477,005. Gateway lost its IRS tax-exempt 501(c)3 status, so there is no Form 990 for the 2011-12 school year. Therefore the revenue for 2011-12 is estimated by prorating based on the increase in number of students. Gateway had 340 students in 2010-11, and 458 in 2011-12. The revenue for 2011-12 is therefore estimated at $3,336,671.
Nevada $13,223,174
Coral Academy of Science Reno
Elementary + middle + high all considered a single "school" legally, even though campuses are separate. No financial statements, audits, or relevant IRS Form 990s could be found. The Nevada school report card for 2011-12 says per-pupil expenditure for this school in 2010-11 was $6944. Enrollment for 2011-12 was 453 + 448 = 901 according to NAPCS dashboard. Based on this, revenue is estimated at 910 * $6944 = $6,256,544. This is likely an underestimate since revenue usually exceeds expenditures.
Coral Academy of Science Las Vegas
An audit dated June 30, 2011 shows $5,414,093 as total revenue for 2010-11. That year, Coral had 882 students, giving per student revenue of $6138. Assuming same per-student revenue for 2011-12, when there were 1135 students, gives revenue of $6,966,630.
Coral Academy of Science Reno
Elementary + middle + high all considered a single "school" legally, even though campuses are separate. No financial statements, audits, or relevant IRS Form 990s could be found. The Nevada school report card for 2011-12 says per-pupil expenditure for this school in 2010-11 was $6944. Enrollment for 2011-12 was 453 + 448 = 901 according to NAPCS dashboard. Based on this, revenue is estimated at 910 * $6944 = $6,256,544. This is likely an underestimate since revenue usually exceeds expenditures.
Coral Academy of Science Las Vegas
An audit dated June 30, 2011 shows $5,414,093 as total revenue for 2010-11. That year, Coral had 882 students, giving per student revenue of $6138. Assuming same per-student revenue for 2011-12, when there were 1135 students, gives revenue of $6,966,630.
New Mexico $1,136,615
Disparity analysis documents sent to the Impact Aid Program of the US Department of Education from the State of New Mexico Public Education Department give total operational revenue for NM charter schools for 2010-11 and 2011-12. According to these documents, for 2010-11, Albuquerque School of Excellence's total operational revenue was $1,136,615; for 2011-12, it was $1,631,798.
Disparity analysis documents sent to the Impact Aid Program of the US Department of Education from the State of New Mexico Public Education Department give total operational revenue for NM charter schools for 2010-11 and 2011-12. According to these documents, for 2010-11, Albuquerque School of Excellence's total operational revenue was $1,136,615; for 2011-12, it was $1,631,798.
North Carolina $3,926,199
Triad Math & Science Academy
Total revenue on IRS Form 990 for year ending June 30, 2011: $3,901,346
Total revenue on IRS Form 990 for year ending June 30, 2012: $3,926,199
Triad Math & Science Academy
Total revenue on IRS Form 990 for year ending June 30, 2011: $3,901,346
Total revenue on IRS Form 990 for year ending June 30, 2012: $3,926,199
Oklahoma
Dove Science Academy Oklahoma City audit shows total revenue $3,094,710 for year ending June 30, 2012.
Dove Science Academy Oklahoma City audit shows total revenue $3,094,710 for year ending June 30, 2012.
Pennsylvania $7,808,385
Truebright Science Academy
IRS Form 990 2011 (for year ending June 30, 2012) gives total revenue 3,619,255; prior year revenue was 3,859,927.
Young Scholars of Central Pennsylvania
IRS Form 990 2011 (for year ending June 30, 2012) gives total revenue 2,567,220; prior year revenue was 2,325,830.
Young Scholars of Western Pennsylvania
IRS Form 990 2011 (for year ending June 30, 2012) gives total revenue 1,621,910. School was not in operation the prior year.
Truebright Science Academy
IRS Form 990 2011 (for year ending June 30, 2012) gives total revenue 3,619,255; prior year revenue was 3,859,927.
Young Scholars of Central Pennsylvania
IRS Form 990 2011 (for year ending June 30, 2012) gives total revenue 2,567,220; prior year revenue was 2,325,830.
Young Scholars of Western Pennsylvania
IRS Form 990 2011 (for year ending June 30, 2012) gives total revenue 1,621,910. School was not in operation the prior year.
Tennessee $3,211,048
Read Foundation operates the Memphis School of Excellence. Its IRS Form 990 shows total revenue of $3,211,048 for year ending June 30, 2012, and $2,962,800 for year ending June 30, 2011.
Read Foundation operates the Memphis School of Excellence. Its IRS Form 990 shows total revenue of $3,211,048 for year ending June 30, 2012, and $2,962,800 for year ending June 30, 2011.