
The camp decision is so strange. I’d guess that is purely income earning and would help pay off some debt. Unless they plan to file for bankruptcy asap or can’t make it to August before a huge default. |
I heard great things about SSFS but it's closing now so we have to go with other options. |
Chris Whittle. Look up his track record |
Think twice on that one. There’s major drama in the admin—not a good situation. Too bad bc the school was great for my kid. |
I don’t understand why others aren’t using this opportunity, especially ones who lost their jobs. |
FCS is not the place for you if your family has any health or disability needs beyond ADHD or ASD that can be mainstreamed. We have known kids who are diabetic, Deaf, and dyslexic who have all left the school because they simply weren’t willing to actually accommodate them. There are no Quakers actually running the school anymore, and it’s obvious in the way they only give lip service to the values. It’s still a decent school but it’s not the excellent place it was 10+ years ago. |
New HOS starting in fall |
Do you think the added real value to their educational experience? For a co-ed school seems as if their endowment wasn't high enough. That speaks highly to the outcomes of its graduates and philanthropy etc. |
Ugh. Sorry to the SSFS community.
Recent FCS parent AND trustee here - the school's financials are in excellent shape, with modest (appropriate) liabilities and strong reserves. Yes, there has been turnover - I believe the root causes of most of that are in the past and will calm down. In every community, there are some parents who complain no matter what we do - trust me, trustees hear most of it (if the school doesn't do what they want, they often talk to us directly). FCS went as far as it could to accommodate a wide range of kids (do we fault a school that cannot accommodate every child for saying so? Better the family know the truth). It would be a very good option for many people leaving SSFS. - Person who is mostly a centrist and realist, who has had kids in 5 different schools |
Untenable debt, lack of strategic financial plan, rising tuition, thin enrollment, etc. combined with a private school “surplus” in a strong public school market does not translate well. More conversation should focus on mergers in these concentrated markets where it can feel like survival of the fittest. Regardless of how compelling one school’s value is, there are not enough families to serve them all let alone afford it. At the end of the day, the board owns the school’s long term solvency.
Why did this not get aired ahead of the school’s national search for a head and searches for other key admins this year? Search firms are typically tasked with learning a school’s financial skeletons. |
NP who knows nothing about the school’s situation but have been involved in other similar situations: it is probably less that they thought they could dig out of $14m with 20 additional students, and probably more likely that a perfect storm of insufficient yield and surprise withdrawals blew up their debt service coverage ratio. |
Yes. That’s why pp was suggesting FCS - Friends Community School. |
Nope… new interim HOS starting in the fall. For-real new HOS starting the following fall. That will be four HOS in four years. |
Grace also likely has openings for those looking for K-5. |
I agree! |