Monday, July 21, 2014

They should have asked, laments a Wisconsin Interrnational School parent

DePere private school files for bankruptcy.  (Milwaukee Journal Sentinel, 7/20/2014)

According to the article, fundraising efforts fell 30% short.

But Nicole Donart-Manty thinks that some people would have dug deeper, although she doesn't necessarily include herself in this group.   "If they had said something, I am sure parents and families would have opened their pockets."

Nicole had recently made an $815 payment for her son's kindergarten tuition.  The total bill is $8,150.

The school needed $500,000 to balance assets of $50,000 with liabilities of about $550,000.    Divide that half million by the 120 students the school was "on pace" to enroll for the 2014-15 school year, down from an actual 171 the previous year, and you can determine how wide pockets needed to be opened.  To the tune of $4,167 per student.

You might also wonder what the hell else was going on here.

Related post:
Besides $7,000, what's the connection between Todd Thiel and Former U.S. Rep Mark Green (R-WI)?  (7/21/2014)

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