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[quote=Anonymous][quote=Anonymous][quote=Anonymous]One poster is hovering on this thread repeatedly, and falsely claiming, that NW DC privates do not take in 40 million a year in revenue. Every time he/she posts he under-reports either the enrollment ( under-reports by say 500 students) or under-reports tuition ( ignores that this year every school hiked tuition 4-6 % again, just like they did the year before and the year before , and the year before. My point is: if this were any other business, would not the consumer balk at the price of the product DOUBLING in 6 years ? Just where , where, is the 40 million in annual revenue going ? where?

Keep in mind, these figures are based on LAST YEARS Tuition, and next year it will be $2,000- $3,000 more at every school.

Sidwell: Enrollment( from their website) : 1,075 X tuition $35,000 ( last years figure)= 37 million in tuition revenue alone ( before we get to capital campaign, annual fund)

GDS: Enrollment( from their website) : 1,075X tuition $35,000( last years figure)=37 million in tuition revenue alone ( hey, any GDS parents know what their cc raised this year?)

Cathedral Schools: Enrollment( from their website) : 1,150 studentsX $37,000( last year)=42 million in tuition revenue alone( ? capital campaign/? annual fund)

WIS: Enrollment( 850)X $32,000= 27 million in tuition revenue alone ( ? capital campaign)

All of these schools claim non-profit status. So, where do these amazing profits go ? teacher salaries ? Anyone talk to any teachers lately ?

seriously, why has tuition quintupled in  last 20 years and doubled in the last 6 years?   where the heck is all that money going ? Capital campaigns have paid for the building improvements and IT additions, so THAT is not where money is going.[/quote]

Good god, you are tiresome.  If you want to know where the money's going, just look at the 990s.  You were told that several pages ago.  Yet you whine and whine and whine, but you refuse to do even an ounce of work to find the answers you seek.

Here are 990s for GDS, Maret, and WIS.  Each school has expenses about equal to its revenue. [b] If you look at the detailed expense breakdowns, you'll see that for each school, about 50% of the expenses are for salaries,[/b] about 10-15% for grants and assistance (ie, financial aid), about 10-15% are for things like payroll taxes, 401k contributions, and employee benefits.  The rest is for assorted boring stuff like accounting and legal fees, interest on debt, office expenses, insurance, depreciation, and tuition discounts.  It's as if you think the money's going to buy cocaine and firearms for Nicaraugua.  Reality is far less interesting than your conspiracy theories.
http://990s.foundationcenter.org/990_pdf_archive/530/530211355/530211355_201006_990.pdf
http://990s.foundationcenter.org/990_pdf_archive/530/530204701/530204701_201106_990.pdf
http://990s.foundationcenter.org/990_pdf_archive/520/520822077/520822077_201006_990.pdf

If you'd like to compare these to a public school budget, I've even dug up the MCPS budget for you.  It seems to be an increase of 2.3% over the prior year.  You can read all about how MCPS saved $43m by opting not to contribute to the Retiree Health Trust Fund, and saved another $9m by eliminating certain textbooks.  Quick math suggests MCPS is spending about $14.9k per student ($2.22 billion for 149k students).
http://www.montgomeryschoolsmd.org/about/

I tried to find the DCPS budget for you, but DCPS does a better job hiding its actual numbers than many of the private schools.  I find this (http://dcps.dc.gov/DCPS/About+DCPS/Budget+and+Finance), but couldn't find a clear statement of expenses.  The Wiki page for DCPS says its budget is $1.22 billion for 44,000 students (a staggering $28k per student!).  But I also see several news articles indicating the DCPS budget is actually just under $2 billion, which if true, means DCPS is spending $45k per student per year.  I don't know about you, but if I were to suspect anyone of blowing their budget on cocaine and firearms, I'd look at DCPS first!

Please do some research before posting again.[/quote]

Yes, the reference to the 990 was several pages back. my point is that those are vague figures, no specifics. When is the last time the 990's were audited? I'd like to see of the 50% going to "salaries" how much of that is going to teachers who teach in the classroom vs multiple layers of Admin. I am quite sure you yourself know that all of these schools are not down to the bare bones with EVERY dollar allocated, yet you represent that here. Why is that ? No one is that obtuse. What is your interest in this debate ? Upper middle class families are getting gauged left and right. That concerns us all.[/quote]

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