Governance and Finances

Cooke HallTo 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.

2014 2013 2012 2011
Cash on Hand 494,358 177,625 258,739 471,896
Receivables 1,294,098 1,154,504 970,186 804,855
Buildings and Depreciable Assets 5,553,514 5,413,077 5,207,755 4,615,035
Depreciation (1,166,816) (1,070,077) 725,109 442,003
Total Assets 6,184,296 5,758,108 5,731,591 5,453,118
Payables 26,940 21,310 10,646 137,965
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
Pre-Billed Tuition 1,944,440 1,765,000 1,600,000 1,375,000
Contributed Capital 988,687 988,687 988,687 988,687
Retained Capital 634,848 293,508 191,132 192,801
Total Liabilities and Equity 6,184,296 5,758,108 5,731,591 5,453,118
Revenue 3,776,390 3,309,179 2,857,469 2,454,098
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