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A new report on issues in CMO (Charter Management Organization) finance was released by the National Charter School Research Project based on a symposium convened by the Bill and Melinda Gates Foundation and the Center of Reinventing Public Education (CRPE). Richard O’Neill, RSS’s president, was one of twenty national experts convened to address CMO financial issues. Among the issues addressed in the report are those about scalability, growth, financial requirements, reliance on philanthropy, and CMO business modeling. Much of the report confirms in general terms the more specific financial information and editorial comment found in RSS’s Annual Survey & Analysis of SMOs (School Management Organizations).

To link to the Center of Reinventing Public Education CMO finance report, click here. To link to information on RSS’s Annual Surveys, click here.

"Renaissance School Services has produced a highly valuable analysis of the economics of both for-profit and non-profit school management organizations."Thomas Toch, co-director, Education Sector, Washington
"We found the report filled with useful information. Our board has asked me to re-review the report and identify the most critical benchmarks our organization should be measuring itself against."Ron Manderschied, Vice-Chair of the Board, Noble Network of Charter Schools, Chicago
"We got a number of 'aha's' from the report. We broke it down to our needs: revenue, governance, fees, academics. These 'aha's' opened our minds and eyes to things we might take a second look at, including looking at size and how to create sub-networks, and the economy of scale/quality of service issue. This economy of scale issue is critical to us, and this report is causing us to think about our organization and our strategies in new ways."Al Andino, VP for Strategic Partnerships, Institute for Student Achievement, New York
"The results of this study make clear that the division between not-for-profit and for-profit management organizations is a canard. Superintendents, school boards, and mayors looking to engage outside partners to move their schools forward need to read this study before acting."Margaret Harrington, Chief Operating Officer, Victory Schools, New York