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The Big Picture
The State of the Foundation The Road Behind Us – a year of challenge and
- pportunity
Sebastopol Independent Charter School Community Meeting Charter - - PowerPoint PPT Presentation
Sebastopol Independent Charter School Community Meeting Charter - - PowerPoint PPT Presentation
Sebastopol Independent Charter School Community Meeting Charter Foundation October 12, 2010 www.theCharterFoundation.org The Big Picture The State of the Foundation The Road Behind Us a year of challenge and opportunity The
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Building Our Community
Our doors have been open for 16 years Over 150 students have graduated from our school, with the oldest now attending college Thousands of students and families have been a part of our community Through the generous support of our families, past and present, we’ve built and paid for this campus
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Funding in Private Waldorf Schools
Most Waldorf schools in the U.S. are private schools. The tuition cost per year, per child for grades 1-8 in Bay Area private Waldorf schools ranges from $12,000 - $16,000. Annual giving and donations are additional. Waldorf pre-schools average $500/month.
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The Charter Foundation
What is it and why do we need it?
- A non-profit dedicated to serve the school
- A privately funded entity distinct from SICS
- Provides the facilities and supports programming
What does the Foundation do?
- Raises money for the school
- Manages the building and other assets
- Holds the long-term vision for the school
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Savings vs. Supporting School Programs
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Charter Foundation Sources of Income
Pledge Program
- Our most important source of income
Fundraisers
- Rummage Sale (this Saturday)
- Online Auction (November 28 – December 12)
- Spring Gala (March 19)
Rental income – from School and retail shops Other Fundraising: eScrip, Whole Foods scrip, Friends & Family, Grants
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Charter Foundation Sources of Revenue
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Charter Foundation Disposition of Funds
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Paying Off The Mortgage
What we did and why
- Used $614,000 from savings to pay off RSF loan
- Frees up $144,000 in cash flow each year
- Allows us to donate an additional $72,000 to SICS each year
What it means
- Our community paid off a $1.3 million mortgage in
just 8 years
- We own a valuable asset free and clear
- And we need to replenish our savings to allow us both to
acquire a unified campus and continue supporting school programs
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Benefit of Paying Off Mortgage
CF Expenses Savings SICS Grant CF Expenses Savings SICS Grant Mortgage
With Mortgage Without Mortgage
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Charter Foundation Savings Over Time
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Charter Foundation Assets
Our downtown campus
- Two separate parcels with 10-year old building
- Current value about $2.5 million
- Owned free and clear
Our savings
- $170,000 in checking and savings accounts
- $102,00 in Rudolf Steiner Investment Fund
- We have been saving about $150,000/year,
and are targeting to save $222,000 this year
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Why the School Needs Your Pledge
As a charter school, SICS receives no state funding for its facilities The difference between state funding per child and cost to educate per child is $2,000/yr. To close this gap, we ask for $230/month per child for 12 months Pledges are tax-deductible
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Our Community is the Foundation
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All Pulling Together
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Keeping the Promise
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Pledge Participation By Grade: 2009-2010
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Pledge Participation By Grade: 2011 YTD
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$4,500 $5,000 $5,500 $6,000 $6,500 $7,000 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 K-3 ADA Revenue 4-6 ADA Revenue 7-8 ADA Revenue Expenses Per Child
Mind the Gap: Revenue and Expenses
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Summary of Program and Staff Cuts This Year
Spanish grades 1-3 – cut to 2x per week
3rd grade strings – class sizes doubled
Middle School block support – gone
Employee Benefits:
Medical cost to employee has gone up Eliminated Blue Shield option – Kaiser only Retirement benefit cut from 5% to 2% Professional development – no $ for conferences this year
Pay freeze – really a cut, 2nd year in a row
Office support cut – same work in less time
No more professional mentor at the school
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Things We Still Don’t Have
ONE CAMPUS – It’s hard to garden, play sports, and feel like one big school and community
Teachers who get paid a real living wage, who don’t need to apply for Healthy Families for their own children
Eurythmy in K-8
Woodworking in more grades
Clay/ceramics
Middle School Math Specialist
Games and movement more than once a week
Singing specialist is only grades 5-8 now, 1x/week
Strings – grades 5 and 6 only have 1x/week
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Things to Be Proud Of
We have fabulous teachers with a high level of training
and experience
We have a paid games teacher this year We have record enrollment We have dedicated parents and staff and have not cut
any full programs like many schools
We own our main campus outright We are well-run, looking out for both the short term and
very long term
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Fall Online Auction
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Fall Online Auction
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Spring Gala 2010: HopMonk Tavern
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Spring Gala 2010
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Community is a Gift
The word "community" is derived from the Old French “communité,” which is derived from the Latin communitas (cum, "with/together" + munus, "gift"), a broad term for fellowship or organized society.
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The Long Term Vision
A New Campus
- Large enough for expanded programs, assembly
and greater outdoor space
- Unified to bring all grades and administration under
- ne roof
Deciding What to Do with Our Building
- Sell or Lease
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How You Can Help
Pledge now, pledge more, keep current with your pledge Volunteer for a fundraising effort Sign up for electronic fundraisers like eScrip Add relatives to our outreach list Talk to your fellow parents
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