2020–2021 OPERATING BUDGET
BOARD OF TRUSTEES 2020–2021
CHARITABLE GIVING TO GENERAL OPERATIONS
Total Endowment (as of June 30, 2021)
$23,839,313 $12,245,425
FY21 Total Operating Budget
14%
Tuition Revenue
$9,881,610
Fundraising Revenue (Cathedral School Fund & Parents Association) $1,355,056 Endowment Draw $739,819
86%
EXECUTIVE COMMITTEE Greg Gretsch, Chair
TRUSTEES
HONORARY LIFETIME TRUSTEES The Rev. Canon David R. Forbes Thayer Hopkins, Jr. M. David Thier
Michele Bell Chad Boeding Kristin Chandna Ronald Clark Nina de Clercq Abbey Doolittle
Steve Mattoon The Rev. Eric Metoyer Laura Morris Matt Peek ‘85
Total Enrollment
267
Naureen Hassan, Vice-Chair Elizabeth Sparks, Secretary Bill Bennington ’79, Member-at-Large Burns Jones, Headmaster
Total Cost per Student
$45,684
Tuition
$36,670 (K-4) $37,300 (5-8)
Ian Picache René Picazo Shipley Salewski Will Stegall Adam Suleman ’99 The Very Rev. Dr. Malcolm Clemens Young
Cathedral School Fund
PA Contribution
Byron Gill Sandra Lee Carlton Linnenbach ’87 Jessica MacGregor The Ven. Malcolm Manson Diana Marchesi
The budgetary gap between tuition revenue and operating expenses is covered primarily by contributions to the Cathedral School Fund, together with fundraising revenue from the Parents Association and a budgeted endowment draw. The 2020-2021 Cathedral School Fund raised $1,379,960 with participation from 96% of current families and 100% of trustees.
INCOME
EXPENSES
14%
11%
7%
6%
2%
Faculty/Staff Salaries & Benefits 68%
5%
Tuition 81%
3%
3%
Tuition C athedral School Fund & Parents Association Endowment Draw Other (Fees, Misc.)
Faculty/Staff Salaries and Benefits Adjustable Tuition Educational Programming & Student Services Professional Fees & Other Expenses Facilities COVID Response* *Budgeted in addition to other sources of funds
6 | CATHEDRAL SCHOOL FOR BOYS
ANNUAL REPORT 2020-2021 FISCAL YEAR | 7
Made with FlippingBook - professional solution for displaying marketing and sales documents online