The state will take over sponsorship of seven charter schools after revoking the eligibility of their current sponsor, Ashe Culture Center of Cleveland.
Ohio law requires sponsors to have at least $500,000 in assets and demonstrate a record of financial responsibility.
This is the first time the state board of education has revoked a sponsor’s eligibility.
The Ohio Department of Education will assume sponsorship of Cleveland Lighthouse Community School, Elite Academy of the Arts, Lion of Judah Academy, Marcus Garvey Academy, Phoenix Village Academy Primary 2, Villaview Lighthouse Community School and Phoenix Village Academy Primary 1.
Each school has until June 30, 2013, to find a new sponsor. The state already has ordered Marcus Garvey Academy and Elite Academy of the Arts to close by the end of the school year for poor academic performance.
Another Ashe-sponsored charter school, Phoenix Village Academy in Akron, closed unexpectedly at the end of 2008. The school got in hot water with the state auditor for it initial failure to provide adequate records (the audit for 2007 wasn’t released until 2009). Since its opening in 2006, that school had received about $713,000 in taxpayer money.