2021-2022 ANNUAL REPORT
Small School. Big Education.
MISSION
Our mission at Lake Tahoe School is to nurture a lifelong love of learning in our students with the purpose of developing critical thinkers and articlate, confident leaders for the 21st century.
WE ARE LAKE TAHOE SCHOOL
9 Average Years of Faculty Tenure at LTS
VISION
Offering a world-class education at a world-class institution in Lake Tahoe.
MOTTO
4 Outdoor Classrooms
State-of-the-art Athletic & Performing Arts Center
96% of Graduates advance to Honors Classes and top High Schools
8:1 Student to Faculty Ratio
On-campus Wellness Director & School Counselor
$941K Tuition Assistance Budget
24% Students Receiving Tuition Assistance
7 Enrichment Programs
Annual Community Outreach Programs & Partnerships
96% Athletic Participation
Lower & Middle School Learning Specialists
1
Where disciplined minds, sound character, healthy bodies, and creative spirits thrive.
FROM THE HEAD OF SCHOOL
Great schools do not exist in a vacuum. At their core is a clear, articulate, and living mission. To fulfill this mission, a professional, dedicated, and passionate faculty works daily to educate the children in their care and set them on the exciting path of learning and growing together.
While no one can doubt the centrality of Lake Tahoe School’s mission and the importance of an excellent faculty, truly great schools have one other essential quality - the partnership between home and school. Acting in concert, parents and school provide a consistent and positive framework for each child’s growth and success. Throughout our twenty-five years, this relationship has been the cornerstone of Lake Tahoe School’s tradition and values and remains invaluable to this day.
Never was the partnership more evident than in the various ways our school community rose to the fundraising opportunity presented to us this past year by Dave and Cheryl Duffield. The Duffields offered us the challenge of raising $3 million for our Annual Fund. In return, they would match our efforts with an additional $9 million if we accomplished this goal. Thanks to you and other involved parents, alums, and like-minded community members, we more than met our goal and raised $12 million. With these monies, we have already paid off our mortgage and are well on our way to completing numerous projects that will benefit our students – now and for many years to come.
As is evident from the pages of this Annual Report, many gifts, both large and small, enabled us to meet our goal and thus provided us with the means and ability to offer an even more challenging and inspiring learning experience for our students and teachers. Each contribution is valued for the difference it is making and the strong support it represents for our school and its programs.
For many reasons, the future is bright for Lake Tahoe School. Time, talent, and treasure – LTS parents are exceedingly generous with each. Coupled with the faculty and staff’s talent and dedication, these attributes create a solid and lasting partnership with each student at the center. Thank you for joining and continuing to support all that we do at Lake Tahoe School.
Robert E. Graves Head of School
BY THE NUMBERS
2021-2022
TOTAL INCOME
TOTAL EXPENSES (PERSONNEL, OPERATIONS, ETC.)
$3,033,775 $9,000,000 $276,250 $4,653,280 $339,879 $17,303,184 $4,938,962
ANNUAL FUND DUFFIELD DONATION 3:1 MATCH CAPITAL CAMPAIGN TUITION REVENUE OTHER REVENUE
DONATIONS TUITION TOTALS
DAVE & CHERYL DUFFIELD DONATION MATCH
Last school year, longtime LTS parents and supporters Dave and Cheryl Duffield graciously offered a triple challenge match for donations to our school. If, as a school community, we were able to raise a total of $3M by the last day of schoolJune 16, 2022 - the Duffields offered to match each dollar raised, three to one, for an additional $9M. This triple match challenge included all donations made to both our Annual Fund and our Gala. Such gifts are rare in the life of most independent schools, and we are greatly appreciative of the Duffield’s continued generosity and support of LTS.
Through this act of generosity, Lake Tahoe School can now address many Strategic Plan and Capital Campaign goals. In addition, the total $12M provides necessary monies for various campus-wide expenditures and maintenance projects. The list below includes a few of the projects we have been able to prioritize as a result of the Dave and Cheryl Duffield donation.
• Paid off the school’s mortage, allowing us to be debt-free and significantly lessening the pressure on our yearly operating budget.
• Modernize our classrooms with new technology.
• Renovation and remodeling of student spaces.
• Addressed long-deferred maintenance matters.
• Set aside funds for future endowments in tuition assistance, faculty professional development, and general operations.
• Construction of a new music room.
• Construction of a new library.
• Construction of a new middle school classroom.
On behalf of the Board of Trustees, our faculty and staff, and most importantly, our students, we thank each of you for your generous gifts to Lake Tahoe School. Your participation in this once-in-a-lifetime opportunity will help Lake Tahoe School continue to be the best school in our region and beyond. We could not have made this happen without you.
ANNUAL FUND
2021-2022
$12M+ RAISED
The Annual Fund at Lake Tahoe School provides critical support to enrich learning and to prepare our students for a complex world. A gift to the LTS Annual Fund is the first and most important gift we ask of our current parents, alumni, alumni parents, grandparents, faculty, and friends.
Our Annual Fund provides immediate budgetary support on an annual basis to the areas of greatest need. Your participation helps to ensure Lake Tahoe School’s financial future and helps to inspire contributions from foundations and corporations to support the School as well.
Each year, we use the Annual Fund to further strengthen and to support the people and programs at Lake Tahoe School above and beyond what tuition provides. The Annual Fund is an opportunity we hope you will embrace. Please know that as much as we appreciate leadership gifts, a gift in any amount truly helps.
$9,000,000+
Dave & Cheryl Duffield
$1,000,000+
Zary Tavakoli
$250,000+
Anonymous Donor
Anonymous Donor
$100,000+
The Sandra and Steven Hardie Fund
The Love Foundation
Thomas and Lindsay McConnon
$50,000+
Mr. and Mrs. Stuart McLeod
Lyndon and Madeleine Rive
Angel Vossough & Jeff Huber
$25,000+
Capital Group
Mr. and Mrs. Peter Garcia
Kirk and Lindsay Hardie
The Hochberg / Lane Family
Kevin and Rebecca Kassekert
Lurie and Vogelsong Charitable Fund
Joe and Jenny Molinelli
James and Marsha Sohn
$10,000+
Akiwenzie Family Fund
Ted Alosi
Virginia Alosi
Christian Alpers
Sabrina Belleci / Inside Incline Real Estate
Mr. Brad Bergstrom and Karen Derhalli
The Erikson Family
Sarah and Brad Greiwe
Mr. and Mrs. Jeffrey T. Lager
Nick and Emily Leahy
Sara and Darren MacDonald
Keith O’Donnell
Offenberg Family
Andrew Sabin Family Foundation
Jonathan and Susan Sabin
The Steele Family
Harvey & Leslie Wagner Foundation
ADDITIONAL SUPPORT FROM:
Anonymous Donors
Dana Ash
Heather and Eric Avakemian
Lourdes and Jeremy Avenier
Suzanne Batmale
Loretta Bernards
Bella Berns
Amy Berry
Robert and Diana Birta
Bite Tahoe
Thank you for your support of Lake Tahoe School.
Weimer Family Fund
Britney and Todd Bladel
Beverly Bloodworth
Bochis Family
Lea and Randy Boe
Matt and Laura Bonner
Heidi Breider
Mark and Evelyn Brockway
Amory Bundy
Cannon Family
Beth and Marshall Clyde
Ted and A.J. Conrads
Mr. and Mrs. Jon Cooper
John Crawley
Crutchfield Family
Vicki Cruz
Todd and Heather Davis
Christina Edwards
The Englanders
Kimberly and Dustin Evans
Patrick Fleming
David and Kelly Francl
Freya LLC
Mrs. Donna Fung and Tom Artle
The D. B. Grazie Fund
Jason and Melissa Green
Meagan and Peter Hanbury
Lindsay and Kirk Hardie
Eric Harssema
Caroline Higginbotham
Cara and James Hollis
Sara Holm
Lize Hottegindre
Samantha and Brennan Hughes
Incline Spirits & Cigars
Andrew and Anna Johnson
Meredith Johnson
Thea Schwartz Johnson
Kim Family
Justin and Jalayne Ladd
Carolyn Lang and Michael Stevenson
Karen Laurie
Alison Lee
Katy and Jim Lee
Lauri Lenora
Tony Lillios
Amy Littlejohn
Louie and Pip
The Love Foundation
Haydn MacKay
Stephanie Mancuso
Stephania and Paul Mohme
The Nordstrom Family Charitable Fund
Kris Nugent
Kristen O’Donnell
Tiffany and Peter Oliva
Jenna Panici
Damon and Kristi Partridge
Mr. and Mrs. Scott Patrick
Michael and Shannon Piro
Maria Preobrazhenskaya
Prospera Financial Services
Pete Rahmer and Jennifer Glasgow
Robert Half Talent Solutions
Allison Robinson
Shirley Roxburgh
Alexandra Sacci
Diana Schlaff
Cara and Dan Schuessler
Sexton Family Foundation
Joan Skelly
The Skidmore Family
Christine Switzer
Tanya Taskila
Steven and Amanda Thomason
India Vannini
Sarah and Mike Williams
Wired Solutions
Kellen and Rachel Wolfe
Gregg and Julie Wurster
CAPITAL CAMPAIGN
2016-2022
$22M+ RAISED
Over the course of the last several years, our school has benefitted from the expansion of our campus.
The mission to nurture a life-long love of learning with the purpose of developing critical thinkers and articulate, confident leaders, requires investment to fund capital reserves, robust programming, stellar academic leadership and a diverse student body.
Thanks to the generosity of our Bobcat community, we met our goal of $22 million during the six-year tenure of the Capital Campaign.
THE FOUNDER’S CIRCLE
Dave and Cheryl Duffield Foundation
THE SUMMIT CLUB
$1,000,000+
Anonymous Donor
Anonymous Donor
David Doyle and Nicole Reimers
FREELS PEAK
$500,000+
Sandra and Steven Hardie Fund
RELAY PEAK
$250,000+
Kirk and Lindsay Hardie Fund
The O’Donnell Family
MONUMENT PEAK
$100,000+
Allen Investment Management LLC
Alston Family Foundation
B-4 Logistics Inc.
The Erikson Family
Jason and Melissa Green
The Kassekert Family
Mark and Julie Ludviksen
Mr. Gene Pretti
Remick Associates DB, Inc.
Peggy Taylor
The Watts Family
TAMARACK PEAK
$50,000+
Cruz Construction
The Kirkland Family
Afrime and Chris Ottaway
MOUNT TALLAC
$25,000+
Bank of America Foundation
Byrne Family Fund
Nathan and Evaleen Horvath
Michael and Denise Merritt
The Steele Family
ADDITIONAL SUPPORT
FROM:
AAA
Carol and Peter Arbogast
Sandra and Russell Bradford
Breen Family Fund
Heidi Breider
Linda Brinkley and Ron Randolph-Wall
Otto Carcamo
Mr. Kevin Carlson
Carolyn Collins
Angela Cuevas-Carle
Daniel Madsen Financial Services
Marvin Davis
Christina Edwards
Barbara Ellis
Paul Eykamp and Stephanie Jensen
Ruth Fairbanks
Kevin Fleming
Gernhardt & Berry Construction, Inc.
Ruth Glass
Sara Holm
Peyton Jobe
Carol John
Jon Brody Structural Engineers
J.W. McClenahan Co.
KC Insulation, Inc.
Raffi Khatchadourian
Kikuchi + Kankel Design Group
Glenn Lubbe
Jimmy Mancuso
Stephanie Mancuso
Eileen May
Denise and Michael Merritt
Keith Merritt
Midkiff & Associates, Inc.
Mt. Rose Heating & Air Conditioning, Inc.
Mr. Jeff Ornburg
PDL BioPharma
Quarryhouse, Inc.
Jeff Rauenhorst
Catherine Rogers
Randi Rogers
Ian Rogoff
Grable Ronning
Jonthan and Susan Sabin
The Scheuer Family
Sierra Integrated Systems, Inc.
Valerie Soeters
S.R. Freeman, Inc.
Ben Storrud
Sutton Suzuki
The Swan’s Nest Interiors, Inc.
Rod Tayler
Elizabeth Tuoto
Lee Waterhouse
Shari Wilson
Beatrice Wittenberg
BOARD OF TRUSTEES
2021-2022
Rebecca Kassekert, Chair
Sabrina Belleci, Vice Chair
Jason Green, Secretary
Keith R. O’Donnell, Treasurer
Rob Alston
Brad Bergstrom
Amy Berry
Pete Garcia
Jenny Molinelli
Robert E. Graves, ex officio
FROM THE BOARD OF TRUSTEES
The Lake Tahoe School Board of Trustees is grateful to our students, families, and faculty and staff for the support you have provided during the 2021-2022 school year.
With the extraordinary support of Dave and Cheryl Duffield and your incredible financial engagement, the School raised nearly $12 million during the 2021-2022 school year, securing the financial stability of the School for many years to come. Your generosity is truly remarkable and allowed the Board to continue its work on the goals outlined in the 20182023 strategic plan. This work included:
• Secured the School’s financial stability, including paying off the mortgage on our beautiful campus.
• Analyzed our current strategic plan, facilitation of community discussions, and initial development of our next 2023-2028 strategic plan.
• Increased focus on marketing and communications by hiring Allie Sacci as Director of Marketing and Communications, updating website and social media, creating alumni newsletter, and planning 25th anniversary marketing and celebrations.
• Planned and implemented several updates on campus including air quality sensors, robust air filters, and a new gate and fencing.
• Formalized School policies and protocols on risk management, safety and security, and volunteers on campus in the employee handbook and family handbook for the 2022-2023 school year.
• Increased financial and risk management oversight, including the hiring of new a new accounting firm and implementation of new payroll systems.
• Continued efforts in creating a sustainable approach to equity and inclusion and social and emotional learning.
• Optimized enrollment with a record number of students during the 2021-2022 school year.
Our Lake Tahoe School community is made possible because of the dedication and support from each of you. Thank you for your continued support of our school community.
Rebecca Kassekert, Chair Board of Trustees
995 TAHOE BOULEVARD INCLINE VILLAGE, NV 89451 (775) 831-5828 WWW.LAKETAHOESCHOOL.ORG Small School. Big Education.
