Annual Report August 2008
Transcript of Annual Report August 2008
The Annual ReportThe Annual Report
Celebrating 30 Years of God’s Blessings1978-2008
Our ThemeOur Theme….
“Give thanks to the Lord, for He is good. His love endures forever.
– Psalm 107:1Psalm 107:1
God Has Made Us Mighty in g yNumber…
The school has seen a decade of enrollment growth.
Enrollment 1997-2008
enrollment growth.Faith is the 6th
largest Lutheran HS in the world 1000
1200
1400
HS in the world and among the world’s largest Lutheran schools400
600
800Enrollment
Lutheran schools.Faith is the largest non-public school i N d
0
200
1997-1998
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008 in Nevada.1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
And We’re Becoming More LutheranAnd We re Becoming More Lutheran
40
Religious Affiliation of FLHS Students
20
25
30
35
ProtestantUnchurched
0
5
10
15 CatholicLutheranUnchurched
0
2002-2003 2003-2004 2004-20052005-2006
2006-20072007-2008
Our Association Has GrownOur Association Has Grown
Since 1998 Faith Community Lutheran, St. Andrew’s Lutheran and Grace Lutheran have joined the Association. New elementary schools have opened at New elementary schools have opened at Mountain View , Lamb of God and Faith CommunityCommunity.
More Students Means More FacilitiesMore Students Means More Facilities
1998: New Summerlin Campus1999: Koerwitz Baseball Field 1999: Koerwitz Baseball Field 2000: Gymnasium and nine classroom addition2004 K lb St d t C t2004: Kalb Student Center2006: Boyd Softball Field2007: Turf replaced in Heitkotter Stadium2008: Chapel/Performing Arts Building2008: Chapel/Performing Arts Building
And Those Facilities Are Expensive!And Those Facilities Are Expensive!
Since moving to the Summerlin Campus the Association has spent about $2 million per year p $ p yin capital improvements.A March 2007 appraisal placed a $65 million A March 2007 appraisal placed a $65 million value on our campus.Our estimated indebtedness after construction of Our estimated indebtedness after construction of the CPAC is completed will be $17.5 million.
Revenue Has Had To Keep PaceRevenue Has Had To Keep Pace….
$14 000 000
School Income and Expense
$8 000 000
$10,000,000
$12,000,000
$14,000,000
I
$
$4,000,000
$6,000,000
$8,000,000 Income
Expense
$0
$2,000,000
1997-1998
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
And Tuition Is Our Primary Revenue ySource….
9000
Tuition
5000
6000
7000
8000
2000
3000
4000
5000Tuition
0
1000
1997-1998
1998-1999
1999-2000
2000-2001
2001-2002
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
2008-09
Those Numbers Reflect Blessings gand Challenges:
We have operated in the black every year in the last decade.Net assets at the end of FY2007 were $13.5 millionmillion.Our last capital campaign garnered commitments totaling over $6 millioncommitments totaling over $6 million
Those Numbers Reflect Blessings gand Challenges:
Tuition has climbed 83% in ten years. Is that sustainable over the next decade?The loan for CPAC will need to be refinanced in 32 months What prudent steps must we take to 32 months. What prudent steps must we take to insure the school’s future?What impact will the current economic downturn What impact will the current economic downturn have on enrollment and our ability to raise tuition and 3rd source funds to support the school?and 3rd source funds to support the school?
Our MissionOur Mission
Our mission is to provide an excellent education in a Christ-centered environment to the southern Nevada community.
An Excellent Education…An Excellent Education…
Faith maintains accreditation through the Northwest Association of Accredited Schools (NAAS) and National Lutheran Schools Accreditation (NLSA).( )Typically, 90% of our graduates go on post-secondary educationsecondary education.Over half of our faculty now have a Master’s degrees or abovedegrees or above.
An Excellent Education…An Excellent Education…
SAT Results
1040
1060
1080
1000
1020
1040
Faith SAT Nat'l SAT
960
980
1997-1998
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-20081998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
An Excellent Education…An Excellent Education…
ACT Results
23
24
25
21
22Faith ACT
Nat'l ACT
19
20
1997-1998
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
An Excellent Education…An Excellent Education…Score 2002 2003 2004 2005 2006 2007Score 2002 2003 2004 2005 2006 2007
5 0 3 0 3 8 10
4 3 7 13 27 22 22
3 19 10 31 45 62 59
2 26 51 51 39 47 52
1 21 25 13 20 9 181 21 25 13 20 9 18
An Excellent Education…An Excellent Education…
Iowa Test of Basic Skills
2002 032003-042004-052005-062006-07
8th
1998 991999-002000-012001-022002-03 7th
6th
0 20 40 60 80 100
1997-981998-99
Class Percentile rankings
In A Christ Centered Environment…In A Christ-Centered Environment…
All of our faculty confess Jesus Christ as Lord and Savior.55 of 94 faculty are synodically trained. An additional 3 are Lutheransadditional 3 are Lutherans.Our nationally recognized chapel program points students to Jesus!students to Jesus!
We are nationally recognized for being mission We are nationally recognized for being mission driven. Each January we baptize 6-12 people which often includes parents and siblings of Faith students.We are nationally recognized for being mission driven. Each January we baptize 6 12 people which often Each January we baptize 6-12 people which often includes parents and siblings of Faith students.
The Mission Field Is Ready For yHarvest
Last year 23% of families reported no church home.Faculty estimate that at least 1/3 of our students are not in church regularlyare not in church regularly.This represents an ongoing opportunity for partnering with our Association congregationspartnering with our Association congregations.
To the Southern Nevada Community…To the Southern Nevada Community…
Faith draws students from 50 different zip codes through the valley.g yOur minority population is 15%. Hispanics and African-Americans are underrepresented in our African Americans are underrepresented in our student body, but consistent with Summerlin demographicsdemographics.
To the Southern Nevada Community…To the Southern Nevada Community…
We currently have waiting list for grades 6-8: these are missed opportunities to share the ppGospel.Faith has had a positive impact on enrollment at Faith has had a positive impact on enrollment at Lutheran elementary schools.Re examining admissions policies and practicesRe-examining admissions policies and practices.Resource and Mark 10:14
PraisesPraises….
A growing student bodyPremier facilitiesPremier facilitiesAn outstanding leadership teamF ith d i h lFaith driven schoolHigh degree of parent satisfaction (+85%)Leader in school technology
ChallengesChallenges…
We need to grow our financial aid resources (endowment and direct scholarships)W d t i d bt d hil ti i f ilit We need to manage our indebtedness while continuing facility improvements (Middle School Building; 2nd gym; improved athletic facilities))Reaching our technology goals without dramatically impacting tuition rates.M f ll th t 4A thl tiManage successfully the move to 4A athletics.Build a sustainable financial model not fueled by enrollment growthgrowth
OpportunitiesOpportunities….
Faith East???Introduce students and families to JesusIntroduce students and families to Jesus.Deepen faith relationships.D l t h llDepopulate hell.
We are blessed to be your ministry!We are blessed to be your ministry!