Governance and Finances

Cooke HallHighlands Latin is a family school owned by the Lowe family. We have an entrepreneurial spirit and try to spend your tuition dollars wisely. Each year we try to save 10% of tuition to spend on future buildings and expansion. No member of the Lowe family is paid by Highlands Latin School.

Income and balance sheet summaries are below.

2015 2014 2013
Cash on Hand (1) 1,339,687 494,358 177,625
Receivables 1,441,130 1,294,098 1,154,504
Depreciable Assets 5,658,712 5,553,514 5,413,077
Depreciation (1,372,506) (1,166,816) (1,070,077)
Gym In Progress 1,476,041 20,000
Total Assets 8,598,513 6,184,296 5,758,108
Payables 39,151 26,940 21,310
Other Current Liabilities 171,019 166,029 158,676
Long Term Mortgages 2,403,779 2,310,667 2,423,352
Loans from Shareholders (2) 1,975,596 112,685 107,575
Pre-Billed Tuition 2,075,000 1,944,440 1,765,000
Capital from Shareholders 988,687 988,687 988,687
Retained Capital 945,281 634,848 293,508
Total Liabilities and Equity 8,598,513 6,184,296 5,758,108
Revenue 4,062,033 3,776,390 3,309,179
Income Before Depreciation (9.5%) 384,520 (11%) 414,422 (8%) 263,587

(1) Cash increased due to a loan for construction of a new gym.
(2) The Lowe family loaned Highlands Latin School an additional $1,862,911 for construction of a new gym.