In other words, some "(https://www.publiccharters.org/about-charter-schools/charter-school-faq) nonprofit " charter schools take public money and pay their owners with it.
Thomas Kelley, a law professor specializing in nonprofit law, unearthed similar (https://scholarship.law.unc.edu/cgi/viewcontent.cgi?referer=https://www.google.com/&httpsredir=1&article=4753&context=nclr) problems in North Carolina , where charter school management companies obtain "ownership of valuable properties using public funds" and then charge the nonprofit charter schools rent far in excess of what is necessary to cover the cost of acquiring and maintaining the facilities.
In Arizona, Glenn Way, a former state legislator, has made about(https://www.azcentral.com/story/news/local/arizona-education/2018/07/11/american-leadership-academy-charter-school-founder-glenn-way-nets-millions/664210002/) $37 million selling and leasing real estate to a chain of charter schools that he founded and, until recently, directed as chairman of the board, according to (https://www.nevadacurrent.com/2018/08/08/leaders-mum-on-reasons-behind-nevada-charter-school-change/) local reporting.
An Arizona state senator, Eddie Farnsworth, who advocated for the state current (https://asbcs.az.gov/board-staff-information/statutes-rules-policies) charter laws , just sold his charter school chain for $56.9 million, netting himself (https://www.azcentral.com/story/news/local/arizona-education/2018/11/28/farnsworth-net-13-9-million-benjamin-franklin-charter-school-sale/2126183002/) $13.9 million in profit s, which is to say nothing of the lease payments the chain will still have to pay him going forward.
When Ohio closed some charters for poor (https://files.eric.ed.gov/fulltext/ED573584.pdf) performance , the local charter school board wanted to reuse the leftover books and computers.
The charter company said they would have to (http://www.legallyspeakingohio.com/2014/09/whats-on-their-minds-who-owns-charter-school-property-bought-with-public-dollars-hope-academy-broadway-campus-et-al-v-white-hat-management-llc-et-al/) pay for the items , even though they had been purchased with taxpayer money.
twenty-six years reflects a bipartisan acceptance of charter schools as
barrier to charter school formation and success: inequitable funding
between charter schools and traditional public school.
for Education Reform reports that charter schools receive on average
Foundation found that charter schools in twenty-six out of twenty-seven
(8) Coalitions of charter schools in several states