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Financial Overview
In order to maintain a legacy of excellence, the Board of Directors and school administration have made purposeful tactical financial decisions to ensure that quality teachers are retained, program resources and professional development align to implementing a rigorous inclusive college-preparatory curriculum and extracurricular program that cultivates respect, responsibility, and reverence for all students, and to ensure that the safety and health of staff and students is exceptional. In addition, the school has conducted a review of its facilities and has created a plan to determine how to further provide a learning environment that best supports the continuous growth in innovative programs offered to students. The investment of our current resources and obtaining additional support through grants and our advancement programs are foundational to reaching our short-term and long-term goals to improve the condition of our facilities. To demonstrate transparency as well as review internal financial management and operations, the school conducts and annual audit with PKF O'Connor Davies, LLP. As reported in our June 30, 2021, the school's net assets total $9,008,823 as compared to net assets of $8,290,735. The increase represents an improved investment portfolio of restricted donor assets as well as a reduction in notes payable for long-term loans since 2012. The following outline is a 2021-2022 operating budget overview:
