Afton supports Nashville’s largest charter management organization to develop financially sustainable long-term growth plans
LEAD Public Schools (“LEAD”) is the largest charter management organization in Nashville, currently serving 2,000 students in 5 schools. LEAD works in partnership with and runs schools authorized by both Metro-Nashville Public Schools (“MNPS”) and the Achievement School District (“ASD”) to serve primarily low-income students. With capacity to grow and with increasing demand for enrollment at charter schools in Nashville, LEAD engaged Afton to help develop financially sustainable long-term growth plans that would guide internal strategy and support the application process for approval to open new schools.
LEAD wanted to better understand the financial sustainability and potential philanthropic needs associated with growth plan scenarios. Afton developed a dynamic, site-level financial projection model with detail for each of the existing schools, the proposed new schools, and the network office. LEAD has used the model to drive internal strategy, to apply for grant funding, and to apply for the opening of new schools at MNPS and the ASD.
As of summer 2016, LEAD is on track to grow to serve more than 3,500 students by 2021. Check out the LEAD Public Schools 2015-2016 Annual Report to see how they are doing.
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