FINANCIAL OVERVIEW

KIT FINANCIAL OVERVIEW

Treasurer, Board of Trustees Chair Designate Current Parent

Roeper’s financial position continued to be strong during the 2019/2020 school year Due to our strong finances, David Feldman, the faculty, administration, and Board of Trustees continued to devote resources toward enhancing Roeper’s near-term and long-term finances as outlined in our strategic plan From a financial perspective, there are several key sub-elements of the strategic plan that are critical for Roeper’s long-term sustainability:

Support and Attract Great Faculty and Staff —

Roeper’s longevity is due to the strength of the faculty and administration Retention of our talented teachers and staff is vital to Roeper’s long-term success We are pleased to share that during the 2019/2020 school year, salaries were increased by approximately 3% and are at the benchmark salaries of other Midwestern independent schools

Invest in best-in-class facilities —

Over the past several years significant investment was made in the Birmingham campus to improve the learning environment Phase II of the capital campaign continued during the year

The full working kitchen was put into service at the beginning of the school year and has been met with a great response from all community members The Development team continues to work to raise the funds to finish the learning resource space on the second floor

Grow the endowment —

Roeper’s endowment, a key source of funding for the school’s operation, increased 2 3% to just under $8 million as a result of donations and prudent investment management By continuing to grow the endowment, we will be able to provide increased funding for

Roeper’s operations as we strive to keep tuition affordable Support the Mission through Increased Financial Aid —

While financial strength is important to the long-term viability of the school, it is only one element that defines Roeper’s success George and Annemarie founded the school to provide education to children of all income levels As a result of an improving financial position, Roeper was able to continue to provide more than $3 million in financial aid dollars to attract and retain talented young people and their families in our community Financial aid is a critical element of Roeper’s financial model, as more than 32% of Roeper’s net tuition revenue comes from families that receive financial aid

The end of the 2019/2020 school year saw the onset of the pandemic causing significant impacts on the school’s operation, including no in-person classes or summer camp While these events had a great impact the school’s finances and operations, many years of sound financial decisions between school leadership and the Finance Committee allowed Roeper to manage through the challenges Roeper’s financial strength underpinned the school’s ability to successfully plan and implement a pandemic model for the school

The continued financial stewardship of Dave Fluent, David Feldman and the Finance Committee will allow Roeper to keep a clear focus on Roeper’s long-term financial strength to support future students and families F The onset of the pandemic … included no in-person classes or summer camp . While these events had a great impact the school’s finances and operations, many years of sound financial decisions between school leadership and the Finance Committee allowed Roeper to manage through the challenges .