24-25 Finance Fact Sheet

REGENTS SCHOOL OF AUSTIN 2024-2025

FINANCE FACT SHEET

2024-2025 FINANCE FACT SHEET Regents is blessed to provide a unique and challenging educational experience for your children. We also strive to be good stewards of the financial resources of the school and manage these resources effectively and efficiently. The school’s current financial position and the factors that impact financial planning are highlighted below:

REGENTS BUDGET FACTS Compensation and benefits account for most of the spending each year, approximately 68%. This % has held steady for the last 15+ years 8% of every tuition dollar funds tuition assistance for students and families based on need; funding $2 million to 190 students in 2023-24 with grants averaging 54% of tuition. As the Regents Fund continues to grow through events like the biennial Families Helping Families event and donor contributions, less tuition money will have to be used to fund tuition assistance.

Most of our facilities have been provided through generous donors at no cost to tuitionpaying families, but ongoing maintenance of our facilities comprises 13% of annual operating expenses Budgets are developed each year from the ground up and controls are in place to avoid a “use it or lose it” mentality While tuition is set to fully fund operating expenses each year, Regents maintains a fluctuating cash reserve from year to year to smooth irregular costs for capital maintenance that would create large swings in tuition and to fund reserves at levels that represent best practices for independent schools

2024-2025 BUDGET BUDGETED INCOME FOR 2024-25 TOTALS $22.8 MILLION AND IS COMPRISED OF: Tuition - 95% New Student Fees and other Miscellaneous Income - 4% Regents Fund contribution - 1%

Regents Fund Contribution 1%

New Student Fees & Misc.

4%

Tuition 95%

BUDGETED EXPENSES FOR 2024-25 TOTAL $22.2 MILLION AND INCLUDE: Personnel (compensation and benefits) - 68% Instruction (teaching supplies, field trips, teacher development) - 7% Facilities and Grounds (utilities, maintenance, IT services) - 9% Financial Assistance - 8% Administrative (insurance, professional services, communications) - 3% Capital (renewals/replacements, equipment) - 4% Facilities and Grounds 9% Financial Assistance 8%

Instruction 7% Administrative 3% Captial 4%

Personnel 68%

IMPACTS ON THE TUITION RATE FINANCIAL PLANNING CONSIDERATIONS THAT IMPACT THE TUITION RATES: The ongoing challenge of balancing: the financial burden on tuition-paying families the desire to compensate employees at a rate that allows us to attract, retain, and care well for mission-driven team members the goal to maintain our low student-teacher ratios and small class sizes

HARD INCOME

COMPENSATION

BALANCING THE LEVERS

CLASS SIZE

In addition to these core levers for private school financing, the Regents financial model also balances these longstanding truths: Absence of a significant endowment to fund operations - the Regents Fund balance is ~$3 million and annually contributes 4% of the fund balance to the school Absence of a traditional Annual Fund for operating needs Intent to keep Regents economically diverse and financially accessible for as many families as possible Important role of volunteer parents in daily activities on campus and the impact of increasing tuition on parent availability Desire to have facilities for every student to be able to participate in athletics and fine arts Continued buildout of the Campus Master Plan Intent to avoid required fees in addition to tuition (student supplies, field trips, technology, textbooks)

REGENTS TUITION INCREASE HISTORY