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Annual Report Summary

 

2014-2105

2015-2016 2016-2107 17-18 Projected 18-19 Projected
           
Enrollment 356 396 475 523

610

Base Tuition $9570 $9900 $10,395  $10,780 11,165 
Total Tuition Assistance $1,085,088 $1,171,368 $1,517,625 $1,980,720 1,964,700 
           
Revenue          
Tuition income, fees, outside scholarships $2,584,000 $3,087,315  $3,951,100  $4,210,460  4,842,400 
Congregational $159,202 $132,502  $140,000  124,000 120,000 
Annual appeal / Campaign to operating / RRR Parent Appeal $245,910  $261,920  $320,000   310,000 340,000 
Unrestricted gifts $72,000  $71,151  $55,000   54,000 25,000 
Auction $35,000 $89,117  $100,000   105,000 125,000 
Non-athletic rental income  $11,750 $1835  $13,000  14,000 15,000 
Summer Programs $35,000 $22,300 $40,000  30,000 40,000 
Other   $50,000 $66,970 $71,500  85,680 64,625 
TOTAL $3,260,259 $3,733,110 $4,690,600  4,933,141 5,572,076
Expenses          
Employee Compensation/Benefits $2,193,350  $2,459,813  $2,940,336  3,286,403  3,551,849 
School Administrative  $204,421  $233,845  $312,650   397,455 310,683 
Program Expense $130,169  $98,202  $150,900   116,800 98,360 
Building/Grounds/Contracted Services/Modulars  $389,617  $458,441  $539,275   585,000 586,805 
Capital Expenses $39,257  $14,048  $116,000   11,000 52,000 
Debt Service $185,676 $289,174 $396,000  487,000 540,000 
TOTAL $3,142,490 $3,553,523 $4,455,161  4,888,658 5,139,697 
Historical Bad Debt $117,769

$179,587

           
Cumalative Annual Surplus:
Reserves & Future
$0 $0 $200,000 $251,837 $725,378 

Note: The athletic budget is a separate operating budget which recieves progressively less funding each year from the school operating budget.