2023–2024 OPERATING BUDGET
2023–2024 operating budget Tuition Revenue: ....................................... $9,152,850 Contribution Income: .............................. $1,910,650 (Cathedral School Fund & Parents Association) Endowment Draw: ................................... $1,007,779 Other Income: ............................................ $320,000 (Fees, Miscellaneous) Total Operating Budget: .....................$14,580,449
2023–2024 tuition & enrollment... Lower School Tuition: . ..................................$42,500 Upper School Tuition: ...................................$44,000 Total Enrollment: . ................................................. 262 Actual Programmatic Cost per Student: .... $54,320*
*The difference between tuition revenue and the actual per-student cost of our total educational program is covered primarily by contributions to the Cathedral School Fund and a budgeted draw from the school’s endowment (the “gap” between tuition and the full, per-student cost of education for the 2023–2024 school year was $11,982). Revenue raised by the Parents Association contributes to this effort. In the 2023–2024 school year, the Cathedral School Fund raised more than $1.72M with contributions from about 80% of our current families and 100% of trustees, in addition to alumni, alumni families, faculty and staff, grandparents, and friends of the school.
income
Faculty / Staff Salaries & Benefits: 65.2% expenses
Tuition Revenue:
77.8%
Contribution Income
(CSF & PA): 13%
Adjustable Tuition:
Faculty / Staff Salaries & Benefits: 65.2%
Endowment Draw:
15.18%
6.86%
Educational Programming & Student Services: 9.97% Professional Fees & Other Expenses: 5.82% Facilities: 3.82%
Other Income (Fees, Miscellaneous): 2.18%
Tuition Revenue: 77.8%
endowment growth fy20–fy24
$30M
TOTAL ENDOWMENT as of June 30, 2024 $24,499,492
$20M
$10M
$0
jan 1 2020
jan 1 2021
jan 1 2022
jan 1 2023
jan 1 2024
50 | cathedral school for boys
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