The Washington Post's Emma Brown revealed yesterday that the president of Building Hope Joe Bruno has been named by D.C. Superior Court Judge Craig Iscoe to be the receiver over Exceptional Education Management Corporation (EEMC) and Exceptional Education Services (EES), the two firms involved in the controversial financial dealing of Options Public Charter School. Remember earlier in the story that Josh Kern, president of Ten Square, was appointed by the same judge to be the receiver over Options.
Ms. Brown also explains that Mr. Kern has sent a letter to the Public Charter School Board asking that Options not be closed at this point in order to preserve the stability of the school's staff.
The choice of Mr. Bruno could not have been better. Of course, Mr. Kern and Mr. Bruno know each other well as both have played pivotal roles for years in D.C.'s charter school movement. It reunites Mr. Bruno with Jeremy Williams, with whom Mr. Bruno worked extremely closely with when Mr. Williams was the chief financial officer of the Public Charter School Board. Earlier reports have Mr. Williams now employed as EEMC's CFO and he also served on the Options board of directors. Mr. Kern's and Mr. Bruno's organizations both offer consulting services to charter schools in the D.C. market.
I've known Mr. Bruno for years and he played a critical role in Washington Latin Public Charter School acquiring and financing the approximately $20 million renovation of the former Rudolph Elementary. One of the areas he was particularly helpful with was configuring the leasing terms with the city. If anyone can sort out what really happened regarding contracts between Options PCS and the two for-profit companies it will be Mr. Bruno.