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DC Public and Public Charter Schools
Reply to "SELA teacher exodus"
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[quote=Anonymous] PCSB will move to revoke their charter if the school is no longer viable financially or educationally. You could check out Sela's 990 and PCSB financial reports (both public documents) to see how much debt they are carrying and what their overhead is. Should the charter be revoked, I would expect that, like in the case of the Community Academy debacle, the DME might help negotiate something for 'stranded' families.[/quote] One issue with the publicly available 990 forms is that they are generally a year old or older. I looked up Sela's 990 and it's dated as of 6/30/2014. It shows a negative balance sheet of over $100,000 in the red, by the way. PCSB will have access to more recent financial statements.[/quote]
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