The loan was announced by the Great Valley Academy at its February 27, 2012 board meeting. The school, with locations in Modesto and Manteca, uses Ingersoll's Integrated Visual Learning process as its curriculum model. The school's founder, Dr. Eldon F. Rosenow, a retired optometrist, is also its Chief Administrative Officer.
Detailed financial disclosure information regarding Great Valley Academy's "consulting" expenditures with Ingersoll and Mentley are likely available in the Academy's audit reports. The school does not make the reports available on its website, but Miss Fortune has sent a Freedom of Information Act request to the California Department of Education requesting copies all of reports since 2008.
But isn't it ironic that Ingersoll "loaned" $300,000 to a charter school he was effectively in business with, but neglected to pay less than $30,000 in Bay City property taxes?
Hmm?
More to come on this issue, as soon as California responds to my FOIA.
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