Teach For America Learns A Lesson
(CBS)
Teach for America is an organization that helps recruit and place bright college graduates and professionals as temporary teachers in needy schools. The non-profit group wins lots of kudos for its intentions and work. It has grown from modest beginnings in 1990: $2.5 million and 500 teachers. Today, the group says it has 5,000 teachers in training – and the 2007 budget was $75 million.
Funding comes from a mix of public and private sources. According to Teach for America's financial disclosures, about a third of its money is your tax dollars – because it comes from local school districts, and state and federal government. But a recent audit by the Education Department Inspector Genera raises the question: Has this group grown too quickly without the proper accounting systems in place?
