AVS Annual Report 2024

FROM THE TREASURER OF THE BOARD OF TRUSTEES STEPHEN PERKINS, TRUSTEE AND TREASURER (Jack ‘27, Will ‘22, Ben ‘22)

AVS ended 2023-24 in our strongest financial position yet. Faculty compensation is once again our largest investment at 73% of spending, and tuition is the most significant source of funds. Tuition assistance continues to be an important component of our budget and this year again we expanded our capacity to support our community. We continue to operate the school with a high level of fiscal prudence. Owning the Middle School campus, a long-term lease on Somerset, and healthy cash reserves allow Alta Vista to be economically resilient and leadership to remain focused on students and the long-term success of the program. These pillars of strength afforded AVS the opportunity to attract talented new leaders this year. Support for the school remained strong with the Annual Fund and other donations demonstrating the health of our community and alignment with the school’s mission to prepare students to thrive as creative thinkers, innovators and catalysts for positive change in the world.

PRELIMINARY 2023-24 (JUNE) FINANCIALS

Tuition & Earned INCOME

EXPENSES

Compensation

$10,034,000

$13,288,000

Facilities & Debt Educational Operational

$1,500,000

Annual Fund & Gala

$995,000

$718,000

Financial Aid

-$1,389,000

$1,483,000 $13,735,000

Interest & Other

$1,160,000

TOTAL

TOTAL

$14,054,000

*The Alta Vista School fiscal calendar runs July 1-June 30 of each year. Final budget numbers are audited in Fall 2024.

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