Originally posted on Diane Ravitch's blog:
Mercedes Schneider did some digging into Teach for America’s budget and promotional activities on Capitol Hill and discovered some fascinating facts.
“According to its 2013 990, TFA’s end-of-year total assets were $494 million, with $73.5 million of its 2013 revenue designated as “government grants” and $31.6 million of its 2013 revenue earmarked as “service fees revenue….
“For eight hours of work per week, TFA chair Wendy Kopp drew a 2013 salary of $176,657. Co-CEOs Matt Kramer and Elisa Villanueva Beard drew salaries of $381,946 for 42 hrs/wk (Kramer) and $342,134 for 40 hrs/wk (Beard).
“TFA began as a Peace Corps-like temp agency that sends college graduates outside of the field of teaching into classrooms for usually two years. However, by 2001, TFA had established a second goal: To move former TFA corps members into positions of influence in education, business, and politics in order to solidify and expand…
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