Reply to How hard is it to get in to Burke or Field for HS?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The main thing is that Field gives no FA.[/quote]

Except for the part where the spring fundraising event is solely to raise money for financial aid, and on their website it say: For the 2023-24 school year, Field allocated $2.75 million in financial aid to 20% of our students, with an average award of $39,275.  [/quote]

Yep that's the grand event..where the genius Field HOS (who is hiring yet another fundraising exec) netted a grand total of $31k per the 990...

Burke is more generous--15.8% of revenues go to FA while closer to 12% go to FA at Field. The HOS at Field is also paid almost twice what the HOS of Burke is paid. [/quote]

Wow you have some pent-up frustration. My point was simply correcting the previous post that field gives zero financial aid. That is clearly not the case. But also, A: you don’t know how to interpret a 990. This year over $425k was raised that evening. The net will be a lot more than $31k: B: That’s incorrect. The development director has been there at least 2 years. C: Burke has less revenue to give, but even if it was equal you want squabble over 3.8%?  Field is still over half a million dollars higher in total FA dollars. I’d say they’re both fairly generous. [/quote]

Ummm.... it's you that doesn't understand how to interpret the 990 - under special events revenue under Dare to be Field it shows that most of what was raised went to cover expenses.[/quote]

Ahh, yes. I see what you're getting at. But, respectfully, no. Accounting is tricky, but I'm happy to explain this to you. The event raised $380K that year.  And expenses to do the event were over $78K.  But the $270K in contributions are deductions on individual attendees' personal 1040s. That money is still there in the school's bank account for actual FA. There are fundraising events that appear to have lost money on a 990.  It's simply not the case.  It takes a years of schooling and licensing to become a CPA.[/quote]

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