non-profit

One of the big issues with the ARRA funds and the Race to the Top challenge is the supposed short term nature of this incredible boost in funding. This is a one time opportunity with billions of dollars to be used to give our education system a push in the right direction.

The concern from all sides is what will happen when the funds are gone.

On the right, they are deathly afraid that the spending will continue and the results will be mediocre at best. On the left, they are deathly afraid that the opportunity will be squandered with little or nothing to show for it.

When you see your team making real progress, it is a most rewarding thing. Over the past month the incredible ABCTE team has blown past many of our goals. Each of these brings ABCTE closer to long term sustainability.

First, we already have 600 enrollments in 2009 which is incredible. Our fiscal year revenue is far exceeding our target and our fiscal year expenses are under our budget. Wall Street Banks take note – that is how you thrive and survive – higher revenue, lower costs. Wow – business rocket science from a non-profit.