The Purpose Group, LLC — The Extraction Engine
Entity Overview
| Field | Value |
|---|---|
| Name | The Purpose Group, LLC |
| Type | Charter Management Organization (CMO) |
| LARA ID | 803295082 |
| Filed | November 14, 2024 |
| Registered Address | Grosse Pointe Woods, MI (registered agent address) |
| Sole Member | Brian Roderick Banks |
| Organizing Attorney | Gary E. Perlmuter, Esq. |
The Purpose Group, LLC is Banks’ management company — the extraction engine that receives the majority of revenue from his charter schools.
Liability Shield
Perlmuter organized the entity with aggressive liability protections. Article V of the operating agreement shields members and managers from personal liability for company debts and obligations.
Financial Flow — MacDowell Preparatory Academy
| Line Item | Amount |
|---|---|
| MacDowell payments to Purpose Group | $4,285,201 |
| Purpose Group reported staff costs | $3,936,712 |
| Unaccounted gap | $348,489 |
| MacDowell reported staff salaries | $0 |
The Extraction Model
MacDowell ($4.9M revenue)
│
│ 72.67%
▼
The Purpose Group, LLC
│
├── Staff payroll: $3,936,712
├── Banks salary: $150,000
└── Unaccounted: $348,489
Schools report $0 in staff salaries because employees are technically on Purpose Group’s payroll. Purpose Group pays staff $3,936,712 — but $348,489 of the management fees remain unaccounted for. Banks draws a $150,000 salary and controls the entity that holds the gap.
Schools Managed
- MacDowell Preparatory Academy (CMU authorized)
- Purpose Charter Academy (DPSCD authorized)
Verify
- LARA: cofs.lara.state.mi.us — entity ID 803295082
- School financial disclosures: mischooldata.org
All sources are public records. Full documentation in the git repository.