St. James Episcopal School 2022 – 2023 Annual Report
Celebrating the Year of a New Normal
What a wonderful year 2022 – 2023! We’ve enjoyed moving forward without the shadow of a pandemic impacting our decisions! Therefore, we have deemed 2022 – 2023 as the year of celebration. We celebrate our community and the ability to come together. We celebrate our students and the ability to enjoy the Episcopal Montessori experience. We celebrate your generosity and the resulting financial stability of the school.
We share with you highlights from our year and celebrate with you all the many small and large successes from 2022 – 2023.
Celebrating our St. James Community
Developing new friendships, building community, and creating lasting memories! There’s certainly nothing better than watching our families and students come together at each of our St. James events.
Celebrating our Kindergarten Students
Congratulations to our Kindergarten students for completing the Primary 3-year cycle in amazing style!
Celebrating Your Generosity
Each year, the generosity of our families is not only key to covering the operational expenses of the school but also allows for financial flexibility to invest in our teachers, classrooms and students. Highlighted in the table below are some of the investments that were possible over the past several years due to your support.
Project Achieved Funding Primary Shelving $23k Teacher Montessori Certification $13k Security Cameras $10k Playground Updates $10k Playground Shade $10k Updated Classroom Materials $10k Portable Radio Update $7k Kindergarten iPad Lab $5k Streaming Equipment $5k Hallway Carpet Replacement $3k Fund 20% Contingency $112k
Celebrating Financial Stability
Due to the generous support of our families and continued stable enrollment, St. James is blessed to be in a financially stable position. Sustaining financial stability is instrumental in allowing the Board to focus on investing in key strategic initiatives such as teacher compensation, program enhancements and community enrichment.
2020 - 2021 School Year 2021 - 2022 School Year 2022 - 2023 School Year (Forecast) Net Tuition Revenues 1,303,784 $ 1,650,116 $ 1,766,538 $ Other School Fees and Income 194,711 240,672 240,228 TOTAL REVENUE 1,498,495 $ 1,890,788 $ 2,006,766 $ Personnel Expenses 1,519,878 $ 1,542,710 $ 1,632,665 $ Facilities and Depreciation 187,732 188,701 188,701 Other G&A 220,143 191,774 260,776 TOTAL EXPENSES 1,927,753 $ 1,923,185 $ 2,082,142 $ Operating (Loss) or Excess (429,258) $ (32,397) $ (75,376) $ Net Fundraising and Other Proceeds 134,892 $ 147,824 $ 135,220 $ Adjusted Operating (Loss) or Excess * (294,367) $ 115,427 $ 59,844 $ PPP Loan Forgiveness Proceeds 281,600 $ 283,100 $ - $ Final Operating (Loss) or Excess * (12,767) $ 398,527 $ 59,844 $
Other Fees, 11%
Fundraising, 6%
Facilities, 9%
Other G&A, 13%
REVENUE
Tuition, 83%
EXPENSES
Personnel, 78%
Thank You for Helping Make this a Wonderful Year of Celebration!