Since 2015, the school, along with the district, has been in state receivership and through a series of changes in practices, such as innovative restorative justice disciplinary programs, has seen marked improvement in student retention and graduation rates.[7][8] Academy coursework will build upon the general education curriculum of math, science, and language studies with additional unique course offerings as well as internships and job shadowing opportunities in the field of a student’s choice.[10] Established in 1852 by the city, the school's first principal was Stephen Holman, a polymath engineer, lawyer, linguist, and educator who went on to found the Holyoke Machine Company and Deane Steam Pump Works, purchased the Holyoke Paper Company, and was credited as the first to introduce modern cost accounting into the paper industry.[13] Upon returning overseas some of these students would go on to serve important roles in Qing dynasty China including, but not limited to, Shung Kih Ting,[a] class of 1880, who would eventually serve as acting deputy commissioner of the Chinese Maritime Customs Service,[14] and Chow Wan Tang[a] who graduated in 1881 and revisited Holyoke in 1908 as general manager of the Imperial Chinese Telegraph Administration.[15] On January 21, 1924, the school hosted the first of a series of debates in the United States between feminists Adele Schreiber-Krieger of Weimar Germany and Helen Fraser of the United Kingdom, under the topic "That the Hope of Civilization Depends Upon the Continued Growth of Labor Parties Throughout the World" with Schreiber arguing for and Fraser countering.