CROFTON HOUSE SCHOOL FINANCIALS
$ 27.6m
$ 4.9m
$ 3.5m
$ 1.7m
$ 1.3m
$ 0.5m
$ 0.3m
$ 22.4m
$ 2.7m
$ 2.6m
$ 2.5m
$ 2.5m
$ 1.5m
$ 1.4m
$ 1.3m
$ 0.8m
$ 0.4m
$ 0.4m
30
Annual Report 2023 – 2024
CROFTON HOUSE SCHOOL FINANCIALS
REVENUES $ 39.8M
$ 27.6m
Tuition Fees ( 69.3 %)
$ 4.9m
Donations ( 12.3 %)
$ 3.5m
Independent School Act Grant ( 8.8 %)
$ 1.7m
Interest & Miscellaneous ( 4.3 %)
$ 1.3m
Other Revenues ( including AA & PA ) ( 3.3 %)
$ 0.5m
Entrance & Application Fees ( 1.3 %)
$ 0.3m
Contribution Towards Programs & Strategic Priorities ( 0.7 %)
Excess Of Revenues Over Expenses : $ 1.3M
EXPENSES $ 38.5M
$ 22.4m
Salaries & Benefits ( 58.2 %)
$ 2.7m
Amortization ( 7.0 %)
$ 2.6m
Buildings & Grounds ( 6.8 %)
$ 2.5m
Teaching ( 6.5 %)
$ 2.5m
Administration ( 6.5 %)
$ 1.5m
Advancement & Cost of Fundraising Activities ( 3.9 %)
$ 1.4m
Community Dining ( 3.6 %)
$ 1.3m
Other Expenses ( including AA & PA and loss on sale of capital assets ) ( 3.4 %)
Crofton House School had revenues of $ 39.8 million and expenses of $ 38.5 million in 2023 – 2024 . Of significance this year :
> In October 2023 , the School made a bonus principal payment of $ 1.1 million towards the Campus Master Plan bank loan .
> The School continues to rely on donations to support the needs of the Campus Master Plan .
> 2023 – 2024 was the final year that the School received $ 0.3 million from Crofton House School Foundation towards programs and strategic priorities as part of the $ 2.0 million donation from Dr . Sherman Jen in 2017 – 2018 .
> During the year , the School made a charitable contribution of $ 0.4 million to Crofton House School Foundation from net proceeds of the 125-Year Celebration event .
> Subsequent to year-end , the School purchased a property at 5761 Blenheim Street , Vancouver , BC .
$ 0.8m
Bursaries & Scholarships ( 2.1 %)
$ 0.4m
Contribution to Charities ( 1.0 %)
$ 0.4m
Interest Expense ( 1.0 %)