| Predecessor | Chancellor Beacon |
|---|---|
| Formation | 1996 |
| Founder | Dennis Bakke |
| Type | 501(3)(c) (since 2015) [1] |
| 04-3466383 [1] | |
| Location |
|
| Services | Charter management organization |
Revenue (2015) | $50,635,506 |
| Website |
www |
| 33,420 students 3,069 teachers 55 schools(2015) [2] | |
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
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
- ^ a b c "Imagine Schools Inc Form 990 2015". Propublica. Retrieved 9 November 2017.
- ^ a b Imagine Annual Report 2015 (PDF). Retrieved 10 November 2017.
- ^ 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.
- ^ Strom, Stephanie (23 April 2010). "For School Company, Issues of Money and Control". The New York Times. Retrieved 3 August 2011.
- ^ "Chancellor Beacon Academies, Inc. History". Funding Universe. Retrieved 9 November 2017.
- ^ Imagine Annual Report 2008 (PDF). Retrieved 10 November 2017.
- ^ "$1 million judgment against charter school operator". The New York Times. 20 January 2015. Retrieved 3 August 2022.
- ^ "Charter School Operators". In Perspective. Retrieved 10 November 2017.
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