Charter CEOs Collecting High Salaries, Benefits and Bonuses
Three of the six most highly paid administrators identified in String Theory’s most recent tax information are members of the Corosanite family: Chief Executive Officer Angela Corosanite, Chief Information Officer Jason Corosanite, and Director of Facilities Thomas Corosanite. Their total salary and compensation, as listed in the charter management organization’s 2021 IRS 990, comes to almost $900,000. String Theory manages only two schools in the city, but the company has six administrators making over $100,000 in salary and compensation. In addition, each school has its own CEO. Why does a network of only two schools need so many highly-paid administrators?