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Mercedes Schneider: When TFA Cares About Experience

04 Aug

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.

She writes:

“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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Posted by on August 4, 2015 in Uncategorized

 

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