To keep the school financially healthy, Highlands Latin has a goal of saving 10% of tuition each year. Tuition is determined with this objective in mind.
Highlands Latin does not ask families for donations. We believe our independence from the time consuming task of fundraising has allowed us to focus on our academic mission.
Highlands Latin is a family owned school. We have an entrepreneurial spirit and try to spend tuition dollars wisely.
As of 2015, Mrs. Lowe’s family has contributed $988,687 and loaned $2,000,000 interest free towards the construction of the Spring Meadows campus. No member of the Lowe family has ever received any pay or profits from Highlands Latin. Each year Highlands Latin School purchases about $125,000 of books from Memoria Press. Books from other publishers are provided at cost and all Memoria Press books are sold at a discount.
Income and balance sheet summaries are below.
|Cash on Hand||494,358||177,625||258,739||471,896|
|Buildings and Depreciable Assets||5,553,514||5,413,077||5,207,755||4,615,035|
|Short Term Notes||112,685||107,575||102,697||98,039|
|Other Current Liabilities (1)||166,029||158,676||307,502||27,002|
|Long Term Mortgages||2,310,667||2,423,352||2,530,927||2,633,624|
|Total Liabilities and Equity||6,184,296||5,758,108||5,731,591||5,453,118|
|Income Before Depreciation||(11%) 414,422||(8%) 263,587||(1.8%) 52,508||(7.9%) 194,221|
|Income(Loss) Per Books||342,356||102,376||14||192,801|