2019–2020 OPERATING BUDGET
CHARITABLE GIVING TO GENERAL OPERATIONS
Total Endowment (as of June 30, 2020)
$17,674,574 $11,476,824
FY20 Total Operating Budget
14%
Tuition Revenue
$9,153,600 $1,130,588 $734,000 $185,000
Cathedral School Fund
86%
Endowment Draw
Parents Association Gift
Total Enrollment
264
Total Cost per Student
$42,497
Cathedral School Fund
PA Contribution
The budgetary gap between tuition revenue and operating expenses is covered primarily by donations to the Cathedral School Fund, together with fundraising revenue from the Parents Association and a budgeted draw from the School’s endowment. The 2019-20 Cathedral School Fund raised $1,259,739 in gifts to the School, exceeding its budgeted goal of $1.13M, with participation from 95% of our parent community, 100% of our Trustees, and 100% of our faculty and staff.
BOARD OF TRUSTEES 2019–2020
EXPENSES
INCOME
13%
10%
6%
9%
FRONT ROW: Diana Marchesi Nina de Clercq Naureen Hassan June Sakamoto Greg Gretsch, Chair Laura Morris Judy Hilbrich Sheppard, Faculty Representative Carlton Linnenbach ’87 M. David Thier, Honorary Lifetime Trustee Abbey Doolittle, PA President Burns Jones, Headmaster Michele Bell Sandra Lee
BACK ROW: The Very Rev. Dr. Malcolm Clemens Young Byron Gill
NOT PHOTOGRAPHED The Rev. Canon David R. Forbes, Honorary Lifetime Trustee The Ven. Malcolm H. Manson Yaromil Ralph Will Stegall, Treasurer
2%
2%
Faculty/Staff Salaries & Benefits 68%
Tuition 80%
6%
Kate Hanson René Picazo
4%
Steve Mattoon Matt Peek ’85 Chad Boeding Bill Bennington ’79
Tuition Cathedral School Fund Endowment Draw Other (Fees, Misc.) Parents Association
Faculty/Staff Salaries and Benefits Adjustable Tuition Educational Programming & Student Services Professional Fees & Other Expenses Facilities
Adam Suleman, Alumni Association President Thayer Hopkins, Honorary Lifetime Trustee Jon Burgstone Ian Picache The Rev. Eric Metoyer Elizabeth Sparks
6 | CATHEDRAL SCHOOL FOR BOYS
2019-2020 ANNUAL REPORT & CAMPAIGN UPDATE | 7
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