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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]23:53, I'm not going to try to argue with you point by point.  I gave you a long list of expense categories and you appear to reject it in total.  I wouldn't say I'm naive -- I happen to think the area independents have too many FTE positions that are not crucial to their core missions -- but I do listen, ask questions, and pay attention to the answers.

Your contention that schools in this area have $40 million in gross revenue or routinely raise $10-$20 million a year is just silly, honestly, as is your insistence that the average independent school has something like 900-1000 students.  The bigger K-12s may be in that range (Sidwell, GDS), but many schools are closer to 500 (St. Albans, NCS, Georgetown Prep, Georgetown Visitation, St. Andrews) and quite a few others (such as Landon, Holton, Bullis, Maret) are between 600-650 students.

I don't disagree with the bottom line point that tuition costs are too high and have to be[b] corralled, and that schools need to make hard choices to do that, but your "40 million a year in revenue" language will make it impossible for anyone to ever take YOU, specifically, seriously[/b].

[/quote]

LOL. you prove by your need to repost each time I do, that you , in fact, take this information being posted VERY seriously. It is accurate and you know it.

Is your only come back to falsify the facts until you are called out and to engage in ad hominem attacks. You are just bringing MORE attention to the issue.[/quote]

Okay, first of all, there are multiple posters who are responding to you.  (I'm not the poster who is seeking to have you name the school that charges $40,000, for example.)  I do not know how you can keep saying that $40 million a year in revenue is not only "accurate" but that "I know it."  I've been very specific and listed nine schools with enrollment under 650 -- not one of those schools has revenue anywhere near $40 million per year.  Your statements about development also lack any sort of basis in fact.

I will give a couple of very specific examples, with sourcing, where available.  First, let's look at Bullis School:

1. Bullis has a stated enrollment of 645 (http://www.bullis.org/admissions/bullis-at-a-glance/index.aspx).  Their tuition in 2013 will range from $31,600 - $35,000, depending upon grade (http://www.bullis.org/admissions/tuition-fees/index.aspx).
2. Total revenue from tuition, ROUNDING UP to the highest tuition figure ($35,000) for all students and NOT INCLUDING FINANCIAL AID, would be $22.575 million.
3.  Bullis averages approximately $900,000 in Annual Giving, as they announce in their own magazine (http://www.bullis.org/admissions/tuition-fees/index.aspx).
4.  Bullis has an endowment of approximately $9 million, as they announce in their magazine (http://issuu.com/bullisschool/docs/bullis_magazine_fall_2011_-_final_with_web_caption).  A 5% draw from that endowment would yield $450,000 in revenue.
5.  Total annual revenue, before financial aid is subtracted, is therefore approximately $24,000,000.  (It is reasonable to assume about $1-2 million in financial aid, so the real number would be $22-23 million).

In order to meet your "40 million in yearly revenue" figure, you are saying that this school with annual giving under $1 million and an endowment under $10 million raises $17-18 million in capital contributions each year.  Obviously, that is not the case.

Let's take the case of a "big three" school, St. Albans.

1.  Enrollment of 575 students, at $37,000 in tuition for 2012-2013.  Total potential tuition revenue: $21.3 million
2.  Financial aid to 28% of students (as per St. Albans website) with the average award of $25,000, giving a financial aid total of $4 million.  (http://www.stalbansschool.org/page.aspx?pid=2722)
3.  Thus, the net tuition revenue is $17.3 million.
4.  St. Albans has a reported endowment of $45 million (http://www.boardingschoolreview.com/school_ov/school_id/512).  A 5% draw on that is $2.25 million.
5.  St. Albans raises about $2.15 in annual giving each year (see their website for most recently announced total: http://www.stalbansschool.org/page.aspx?pid=2791)
6.  Total annual revenue, including financial aid, comes to about $21.65 million.

So, according to your assertions, St. Albans is raising $18 million every year in capital gifts.  However, according to their most recent development report on their website, they raised approximately $4.1 million in capital gifts in the most recent calendar year.    (http://www.stalbansschool.org/page.aspx?pid=2791)

Even STA's largest capital campaign in its history, which ranged in length from 5-7 years, raised $67 million in capital gifts (the announced $82 million total includes $15 million in annual giving, which suggests that the campaign ran a total of 7 years given the $2 million average annual giving).  That capital campaign was not business as usual for St. Albans (as you can see given this year's $4 million in capital gifts after the end of their biggest capital campaign ever), but even if you did add on $10 million in capital gifts, that would still put the revenue at $31 million in the highest capital fundraising year (and they used $44million of that capital campaign to build a building -- so you can't just dip into that extra capital money to pay the ordinary bills).

I've given you two examples, with sourcing.  I'm not sure why it is so hard for you to back off your "$40 million in annual revenue" claim, honestly.

[/quote]

I'm not 12:39 (I gave the Bullis/St. Albans examples), but I appreciate someone else providing factual data.  Thanks for the links to the 990s.[/quote]

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