Page 17 - 2020-2021 Annual Report
P. 17
Expenses Income
Beginning Cash Balance $1,156,738
Revenue
Tuition and Fees $2,098,336
Other Revenue $8,133
$2,106,469
Operating Expenses
Salary & Wages $1,403,061
Other HR Expenses $312,733
Other $103,447
Development & PR $16,997
Building Operating Expenses $292,367
Mortgage Principal Payments $238,432
$2,367,037
Net Operating
$896,170
Balance
Interest and Capital Expenses $94,523
Net Operating Balance Before Development $801,647
Development
Fundraising $254,808
Scholarship
and Other $78,472
Designated
Annual Fund $124,537
$457,817
Ending Cash Balance
$1,259,464
* Beginning cash includes $197,155 of 2020/21 tuition paid in advance of the 2020/21 school year.
Ending cash includes $198,675 of 2021/22 tuition paid in advance of the 2021/2022 school year.
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