7
operating income and expenses
T
he Board of Trustees and Head of School believe fiscal integrity is a critical component of good stewardship. The school's pledge to its generous
donors is utilization of gifts that effectively and efficiently achieve our mission.
We live our school's mission each and every day. More than three-quarters of Seabury's resources support our students, faculty, and academic programs.
Because of this, we provide small class sizes, a 1:1 iPad program, and an experienced and engaged faculty who inspire both middle and upper school students.
Tuition and fees represent 81% of the total income at Bishop Seabury Academy, before financial assistance. Ten percent of our income comes from
fundraising and gifts. Most of these funds come from our annual fund drive and the annual auction event. The generosity of all who support Bishop
Seabury with these unrestricted gifts is what affords the margin of excellence we seek to provide our students.
Continued growth of the annual fund is critical to support student financial assistance and to fund
the many unique learning opportunities for all Seabury students.
Salaries and
benefits for all
faculty and staff
61%
expenses 2014-2015
Capital improvements 2%
Instructional and academic expenses 4%
Facilities expenses 6%
Other operating expenses 7%
Debt service 9%
Financial
assistance 11%
revenue 2014-2015
Tuition and fees
81%
Fundraising and gifts 10%
Income from
restricted sources 2%
Other income
7%
Annual fund $169,522
Auction $80,000
Gifts for other purposes $18,387
Total fundraising and gifts $267,909
Annual Report of Giving 2014-2015
