by Lisa Haver, Deborah Grill, and Lynda Rubin
Three of the six most highly paid administrators identified in String Theory’s most recent tax information are members of the Corosanite family: Chief Executive Officer Angela Corosanite, Chief Information Officer Jason Corosanite, and Director of Facilities Thomas Corosanite. Their total salary and compensation, as listed in the charter management organization’s 2021 IRS 990, comes to almost $900,000. String Theory manages only two schools in the city, but the company has six administrators making over $100,000 in salary and compensation. In addition, each school has its own CEO. Why does a network of only two schools need so many highly-paid administrators?
There are no guidelines for charter compensation, that is, no schedule of salary steps as there is for district principals and administrators. Ad Prima charter, a small charter school with 600 students, has a CEO, a principal and a “site director” on staff, all paid over $100,000.00 in salary and compensation. Community Academy charter has a CEO, deputy CEO, a Chief Academic Officer and deputy CAO. Pan American, an elementary school with 750 students, lists eight administrators. Folk Arts Cultural Treasures (FACTS), on the other hand, has one administrator making over $100,000. Global Leadership Academy is a two-school network. Each school has its own CEO–one making more than the district’s superintendent, the other making slightly less. GLA’s principal made over $11,000 more than a district principal with seven years or more of principal experience.
Click here to continue reading and to find out what the CEO and administrators of each charter make in salary and compensation.
