Michael Kohlhaas is combing through the treasure trove of leaked emails about the inner world of the Los Angeles charter industry.

He recently posted about the short and strange debut of Ganas Academy.

It got a grant of $325,000 from the Walton Family Foundation. The founder proceeded to pay herself $13,000 a month, spent $63,000 on consultants, and another $15,000 on lawyers, and so on, and soon the money was all gone. But the school wasn’t ready to open, even though the founder was paying a recruiter a bonus of $850 to sign up students.

Kohlhaas writes:

I just got a small set of records from everybody’s favorite star-crossed charter school horror show, that is to say GANAS Academy. The set is woefully incomplete, and it’s pretty clear that Sakshi Jain is lying to her lawyer about it yet again, but nevertheless there is some essential material in there, and you can browse through the whole pile of it over here on Archive.Org.

And by far the most important material in here is GANAS Academy’s general ledger in MS Excel format1 along with monthly bank statements through June 2019. The ledger shows every credit and every debit from the inception of the school in August 2018 with very detailed descriptions. The story kicks off with a $325K grant from the Walton Family Foundation, deposited in the California Credit Union on August 11, 2018 as shown on that month’s bank statement and it’s all downhill from there.

In September 2018 she began paying herself $13K per month, as shown in that month’s statement and this continued at least through June 2019, which is the last monthly statement I have.2 But like I said, the real action is found in that ledger. It’s there that we learn that the $325K Jain has been burning through came from the Waltons. That she spent about $63K on recruiting students, which no doubt includes the $850 per kid bounty she paid her recruiter. And last but never least $15K to charter school contract killer law firm Young, Minney, and Corr.3

So that, friends, is the charter school innovation laboratory model. Get a ton of free money from an appalling gang of zillionaires and proceed to burn through it at an astonishing rate. A quarter of a million dollars between August 2018 and June 2019.4 And at the end, you don’t even have a damn school. Although I will say that given the horrific nature of these schools, the world is clearly better off having her spend all that money and not start a school than otherwise.