Charter schools' rents, mortgages

2011-10-29T13:30:00Z 2012-12-23T14:12:51Z Charter schools' rents, mortgages stltoday.com
October 29, 2011 1:30 pm

HIGH RENTS

Image charter schools in St. Louis paid a higher percentage of revenue on rent than all other charter schools in the city, according to data from the 2009-10 school year. A look those costs for all city charter schools:

    Rent cost Rent as percent
School Annual rent per student of state revenue
Imagine Academy of Careers * $3,138,396 $2,323.02 20.6%
Imagine Acad. Environmental Science and Math $2,449,450 $1,829.31 16.4%
Imagine Academy of Academic Success $709,932 $1,485.21 14.7%
Confluence College Prep $240,910 $1,033.95 9.8%
Construction Careers Center $320,000 $846.56 8.4%
Confluence South City $736,000** $812.36 7.7%
St. Louis Charter School $714,371 $782.44 6.7%
Lift for Life $383,128*** $882.78 6.7%
Confluence Walnut Park $586,000** $639.04 6.1%
Confluence Old North $586,000** $626.07 6.0%
KIPP Inspire Academy $94,600 $1,139.76 4.0%
St. Louis Language Immersion $126,306 $756.32 3.7%
City Garden Montessori $36,000 $450.00 3.7%

 

*Imagine Academy of Careers includes three schools: Careers Elementary, Careers Middle and College Preparatory Academy

** Payment goes toward a $19 million bond used to buy the buildings.

*** Payment is a mortgage payment.

Sources: Missouri Department of Elementary and Secondary Education, school audits, annual lease agreements, school administrators

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