Imagine_Schools

Imagine Schools

Imagine Schools

American charter school management organization

Imagine Schools is a charter management organization in the United States, operating 55 schools in 9 states. They are K-8, for the most part.[2] In 2015, Imagine schools had enrolled 29,812 students.[3]: 87 

Quick Facts Predecessor, Formation ...

Imagine Schools was founded by Dennis and Eileen Bakke with $155 million of the fortune Dennis had earned as chief executive officer of AES Corporation, a global energy provider which he co-founded in 1981.[4]

History

Beacon Education Management was founded in 1996.[5] By 2008, Imagine had grown to 56 schools.[6]

In 2015, Imagine Schools was ordered to pay a $1 million judgment as part of a self-dealing scheme. As part of a complex arrangement, Imagine Schools had negotiated above market rents for its facilities, which it actually owned through a subsidiary.[7]

Peer group

In 2015, Imagine adopted non-profit tax status.[1] Similar organizations are known as charter management organizations (CMOs). Other large non-profits are KIPP (209 schools) and Cosmos.[citation needed]

Similar services are provided by for-profit entities known as education management organizations (EMOs). K12 was the largest in the US in 2011–2012.[8] K12 does not manage any brick-and-mortar schools, instead delivering schooling on line.

References

  1. [1]
    "Imagine Schools Inc Form 990 2015". Propublica. Retrieved 9 November 2017.
  2. [2]
    Imagine Annual Report 2015 (PDF). Retrieved 10 November 2017.
  3. [3]
    Woodworth, James L (2017). "Charter Management Organizations 2017" (PDF). Center for Research on Education Outcomes. Archived from the original (PDF) on 17 January 2018. Retrieved 23 January 2018.
  4. [4]
    Strom, Stephanie (23 April 2010). "For School Company, Issues of Money and Control". The New York Times. Retrieved 3 August 2011.
  5. [5]
    "Chancellor Beacon Academies, Inc. History". Funding Universe. Retrieved 9 November 2017.
  6. [6]
    Imagine Annual Report 2008 (PDF). Retrieved 10 November 2017.
  7. [7]
    "$1 million judgment against charter school operator". The New York Times. 20 January 2015. Retrieved 3 August 2022.
  8. [8]
    "Charter School Operators". In Perspective. Retrieved 10 November 2017.
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