Dear EBIA families,

For those who haven’t met me yet, I am the new chief of operations and finance for
EBIA. Thank you so much for welcoming me into the fold – it’s been amazing to get to
know the team, students and you better. I’m writing today to share about EBIA’s
finances and how you can make a tangible difference to our school community.
I’m not new to EBIA, as I’ve been supporting the school as a consultant since Year
One. I’ve had the privilege of witnessing the school grow and mature through the years,
tackling challenges and growing pains as a family. Now 500 strong in Year Four, we got
here mostly using public funds and sweat equity, as well as interest from the
philanthropic community who took notice of the way in which we are changing the
education landscape in Oakland.

For those of you new to charter schools — we are different from a district school in many
ways.  We are incorporated as a 501(c)3 nonprofit organization instead of as a school
under a district, and we largely operate independently from the district. While this allows
us flexibility and freedom to innovate and change how learning takes place, it also
means we do not benefit from centralized support when it comes to administration,
operations, or risk management.

This year, as we further enhance our Middle School offering, we are excited to build our
Upper School program.  Students are partnering with our talented team to design, build
and improve systems for deeper and meaningful collaboration. We are also working to
put down roots soon, both in terms of programming as well as facilities. In the
meantime, we are facing some headwinds in covering our expenses, as we tackle
additional need for in-class support.

Next week we kick off the EBIA Giving Drive, a critical component of the school budget.
Through the Giving Drive, we hope you will partner with us in securing EBIA’s present
and investing in our future.  Please consider contributing whatever you can – even $10 a
month helps us close the gap between public funds ($9700/student) and total cost of
education ($11,000/student). Stay tuned for more information, or get a jump on things
and donate now!

We’re quite proud of what we provide as a California public charter school, especially as
we survey other offerings (private and public) in the area.  We hope you agree! As
always, we appreciate your support and look forward to another great year at EBIA.

Gratefully,

Michelle

Michelle Cho
COO & CFO

East Bay Innovation AcademyTo donate go to: https://ebiafamilies.org/donate/ or write a check and drop off or mail to address below. East Bay Innovation Academy is a 501(c)(3) nonprofit organization, Tax ID: 46-2428863. Your contribution is tax deductible to the extent allowed by the law.