History of IDEA
Jeannie Oakes, Founder and Former Director
Youth Voice in School Finance
NEW REPORT: Los Angeles' road to A-G for all
Without Dollars and Sense Powerpoint
Past Educational Opportunity Reports
LA charter group lays off sixth of staff
- 10-18-2010
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Blog by John Fensterwald/Educated Guess
The Los Angeles charter school organization ICEF Public Schools laid off 100 staff members – about a sixth of its work force – last week as part of a reorganization to keep its doors open. The financial troubles facing ICEF, a network of 15 charter schools serving 4,500 primarily low-income African-American children in South Los Angeles, offer a cautionary tale of a non-profit organization that tried to expand too fast – 11 schools in three years alone – and then failed to make tough choices when state budget cuts hit hard. Last month, the trustees of ICEF (Inner City Education Foundation) came within days of declaring bankruptcy and closing schools immediately, leaving students to transfer to Los Angeles Unified schools and other charter schools. Instead it called in the cavalry: Caprice Young, the former LAUSD board president and former president of the California Charter Schools Association, and philanthropists Eli Broad and former Los Angeles mayor Richard Riordan. Broad, Riordan and others gave an emergency gift of $2.5 million for ICEP to make payroll; Young agreed to serve as the temporary CEO, replacing ICEF’s founder, Mike Piscal. (more…)
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