Anonymous wrote:Anonymous wrote:Is Feynman not helping at all to find spaces for its students at other schools?
+1 This is standard practice when a school closes. Are they doing this?
Anonymous wrote:Anonymous wrote:It's a shame this school is so poorly run. The head of the school is a gifted educator, but an abysmal administrator.
Communication was non-existent.
I worry the parents are going to have a difficult time getting transcripts.
I would not be surprised if Feynman just allowed a lease to expire without renewing, because they forgot to get to it. I suspect that is why they had to change locations in the first place.
Current parent and I agree with that assessment. Re transcripts — they are legally obligated to provide those, but I fear you are correct that timeliness could be a problem…
Anonymous wrote:It's a shame this school is so poorly run. The head of the school is a gifted educator, but an abysmal administrator.
Communication was non-existent.
I worry the parents are going to have a difficult time getting transcripts.
I would not be surprised if Feynman just allowed a lease to expire without renewing, because they forgot to get to it. I suspect that is why they had to change locations in the first place.
Anonymous wrote:Based on the tax docs, they were in pretty good shape at the end of 2021. But I know they lost a lot of students over the last few years, as the quality of the administration really fell.
I do note that the loan to the head of the school is a little unusual. It specifically says the loan was not approved by the Board, and no written agreement exists. (this of course was as of the end of 2021, so not clear how much these loans to the head of the school continued).
Anonymous wrote:Didn’t Feynman move from WHC on Falls Rd to the JCC on Montrose for the start of this school year? And for some reason I want to say that it was at another location prior to WHC.
Anonymous wrote:
Is this college level program your answer to a k-8 school closing?
Anonymous wrote:Feynman is organized as a 501(c)(3) tax exempt organization, and has obligations to maintain books and records under various laws. Admin should provide information regarding revenue and expenses for the last few years. For parents, it’s the only way to know what, if any, assets, remain for distribution. Does the school intend to refund any recent donations from parents? What about those parents who paid full tuition for the academic year?
If the school is not more transparent, parents may start researching the various federal and state laws applicable to non-profit schools like Feynman, and may file a lawsuit for breach of contract in order to force discovery regarding financial records, and pursue any other remedies available such as asking for an IRS or state audit. Better if the school communicates more openly with parents rather than making parents angry enough to look into all legal remedies and potentially retain counsel (or organize the attorneys among them to proceed on behalf of a group).
Most recent tax return available online (for fiscal year ending June 2023) shows net assets of $351,904.
https://projects.propublica.org/nonprofits/organizations/300526593/202411369349311566/full
2022 tax return (fiscal year ending June 2022) shows net assets of $587,908
https://apps.irs.gov/pub/epostcard/cor/300526593_202206_990_2023061221442366.pdf
Tax return for fiscal year ending June 2020 shows net assets of NEGATIVE $964,870
https://apps.irs.gov/pub/epostcard/cor/300526593_202006_990_2021052518190405.pdf