Among the many good measures of our health last school year (100% enrollment, 100% pass rate…) we must include our financial health. In 2015-16 we had a PLANNED deficit as we made strategic investments to strengthen the school’s academic services, fundraising and leadership. As envisioned, this resulted in stronger academics, rejuvenated relationships, and positive energy that brought our enrollment and donations back up to sustainable levels.
This past year (July 1, 2016 to June 30, 2017) we posted a healthy surplus of $29,738 that let us:
- completely replenish our emergency reserve fund (our policy is to always have the equivalent of 12 high school tuitions on reserve),
- make investments to better serve and retain our precious teachers (raises, teacher housing, language training, scholarships), and
- keep tuition increases to less than 1%.
Fundraising has also seen a very healthy growth over the past 2 years, letting us grow our financial aid pool (including a new fund for teachers’ children) and make other strategic investments such purchasing Chromebooks for every grade 9-12 student. Some indicators of growth include:
- 66% increase in total funds donated (from $46,277 to $76,848)
- 69% increase in number of donors (from 159 to 268)
- Increase in Donor Retention Rate from 40% to 67% (that is, 2 out of every 3 donors who gave last year gave again this year)
- 25 donors have made 5-year pledges, totaling $16,698/year (most of which were made at the 65th Reunion dinner pictured above), to provide stability in our revenue stream
Our financial statements and our fundraising report are both available for download at our website (click here). If you have any questions or would like more detailed information, please contact us directly – we’re always happy to share information and ideas.
Thank you for the many ways you support our school’s growth and sustainability.