Page 13 - 2023-2024 Annual Report
P. 13
Expenses Income
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1
Beginning Cash Balance $1,661,990
Revenue
Tuition and Fees $2,868,656
Other Revenue $157,993
$3,026,649
Operating Expenses
Salary & Wages $1,763,268
Other HR Expenses $377,889
Other $459,369
Development & PR $21,289
Building Operating Expenses $326,568
2
Mortgage Principal Payments $1,296,102
$4,244,485
Net Operating Balance $444,154
Interest Expense $41,087
Net Operating Balance Before Development $403,067
Development
Fundraising $88,590
Scholarship and Other Designated $3,400
Annual Fund & Capital Donations $335,420
$427,410
Other
Capital Investment ($397,679)
Investment Account Changes $644,351
Ending Cash Balance
3
$1,077,149
1
Beginning cash includes $47,195 of 2023/24 tuition paid in advance of the 2023/24 school year and is higher than last
year's ending cash due to an adjustment made during the review.
2
$1,030,535 principal payment made in September 2023.
3
Ending cash includes $206,131 of 2024/25 tuition paid in advance of the 2024/2025 school year.
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