The financial goal of Highlands Latin School is to spend 90% of revenue in the current year and
save 10% for future campus construction.
The Lowe family is not compensated by Highlands Latin School and has contributed $2,865,744
towards construction of the Spring Meadows campus as of 2017.
2016 | 2015 | 2014 | 2013 | |
Cash on Hand | 1,643,587 | 1,339,687 | 494,358 | 177,625 |
Receivables | 1,505,960 | 1,441,130 | 1,294,098 | 1,154,504 |
Depreciable Assets | 8,093,538 | 7,134,753 | 5,573,514 | 5,413,077 |
Depreciation | (2,387,159) | (1,372,506) | (1,166,816) | (1,070,077) |
Total Assets | 8,903,182 | 8,598,513 | 6,184,296 | 5,758,108 |
Payables | 14,106 | 39,151 | 26,940 | 21,310 |
Other Current Liabilities | 169,400 | 171,019 | 166,029 | 158,676 |
Long Term Mortgages | 3,285,671 | 2,403,779 | 2,310,667 | 2,423,352 |
Loans from Shareholders | 1,877,057 | 1,975,596 | 112,685 | 107,575 |
Pre-Billed Tuition | 2,250,000 | 2,075,000 | 1,944,440 | 1,765,000 |
Initial Capital from Shareholders | 988,687 | 988,687 | 988,687 | 988,687 |
Retained Capital | 318,261 | 945,281 | 634,848 | 293,508 |
Total Liabilities and Equity | 8,903,182 | 8,598,513 | 6,184,296 | 5,758,108 |
Revenue | 4,330,989 | 4,062,033 | 3,776,390 | 3,309,179 |
Income Before Depreciation | (9%) 389,223 | (9.5%) 384,520 | (11%) 414,422 | (8%) 263,587 |