2013–2014 Annual Report “Developing a Lifelong Passion for Learning “ You may have noticed the above motto showing up on our website, in our Admission materials, and other places. It describes an important part of what makes Eton School a special place. Everyday, there are catalysts being generated throughout the campus that spark the imagination, ignite intellectual curiosity, and kindle that lifelong passion. Our students arrive each day filled with excitement and eagerness to explore, and the faculty and staff dedicate themselves throughout the year
to provide the best academic experience for students. While tuition dollars are the base for Eton’s revenue, annual giving beyond tuition is a vital element in completing the financial picture. Gifts have an impact on every aspect of the Eton experience including enriching classroom activities, supporting professional development, helping to maintain the facility, and strengthening financial aid. Your generosity helped make the 2013-2014 Annual Fund
the most successful ever, and future gifts allow us to ensure that an Eton School education remains vibrant and relevant for many years to come. Best Wishes, Russell Smith, PhD Head of School
2013–2014 Revenue and Expenses This is Eton School’s first annual report. Eton operates as efficiently as possible in an attempt to maximize a budget surplus each year. As a non‑profit, Eton redirects any 2013–2014 Fiscal Year Revenue 86% Tuition and Fees 1% Other Income (includes rent revenue, release of restricted funds, etc.)
4% Annual Fund 2% Auction (net) 7% Auxillary and Summer Program (includes After School Enrichment and Clubhouse)
surplus into the operation of the school and fulfilling our mission rather than distributing it as a profit for an owner or owners. Since Eton also relies on the generosity of donors, it
is also prudent for us to share a glimpse into our finances each year and give an illustration of how we earned revenue and the disbursement of our expenses.
2013–2014 Fiscal Year Expense 65% Salary, Wages and Benefits (includes payroll taxes) 6% Funding for Operating, Maintenance, and Other Reserves 9% Administration and Professional Development (includes office expenses, professional fees, postage/shipping, workshops, trainings, etc.)
3% Educational Program Materials
(includes educational and student activities, information technology, etc.)
2% Financial Aid 15% Facilities and Maintenance (includes mortgage/rent payments, utilities, maintenance projects, etc.)
Eton School 2701 Bellevue-Redmond Road Bellevue, WA 98008 Phone: 425.881.4230
www.etonschool.org