Community Preparatory School | Annual Report 2012

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Overview 2011-2012 Student Residences 70% live in Providence Enrollment 149 Students Others live in: Central Falls Cranston East Providence Lincoln Little Compton North Providence Pawtucket Warwick Woonsocket Budget FY ’02 FY ’03 FY ’04 FY ’05 FY ’06 FY ’07 FY ’08 FY ’09 FY ’10 FY ’11 FY ’12 FY ’13* INCOME Government 26,890 15,557 54,050 28,243 31,372 27,368 64,772 73,819 64,558 92,236 51,976 50,000 Endow. Inc. 336,473 348,161 370,619 422,105 493,930 559,194 615,381 510,260 479,316 436,188 489,868 566,000 Donations 785,475 834,398 843,034 905,717 986,968 1,088,984 915,500 1,012,594 956,033 904,669 989,927 1,040,000 STEPS — — — — — — 171,843 151,178 97,318 142,028 56,342 100,000 Grants 151,299 186,599 159,562 67,850 108,900 99,054 76,405 57,180 112,300 85,000 59,400 90,000 Tuition 260,035 264,434 307,389 336,189 345,675 337,577 360,999 371,385 366,782 436,542 386,918 400,000 After School 97,117 134,589 97,209 141,643 156,764 130,802 70,512 72,183 55,112 71,143 80,299 55,000 Fundraisers 52,708 23,758 128,400 63,539 49,832 147,869 70,629 26,127 76,403 56,675 115,110 80,000 Misc. & Rent 74,971 50,688 49,788 57,429 48,475 45,020 41,068 36,003 33,746 35,145 42,768 30,500 TOTAL 1,784,968 1,858,184 2,010,051 2,022,715 2,221,916 2,435,868 2,387,109 2,310,729 2,241,568 2,259,626 2,272,608 2,411,500 SCHOLARSHIP ASSISTANCE 75% receive nearly full scholarship (All Community Prep families are asked to pay a minimum amount towards tuition.) 10% pay quarter tuition 5% pay half tuition 10% pay full tuition ($13,200) Anita Bench 2500 2400 2300 2200 2100 2000 1900 1800 1700 1600 1500 1400 1300 1200 1100 1000 900 800 700 600 500 400 STUDENT BACKGROUNDS 300 200 Latino 38% 100 0 African American 27% Caucasian 14% Bi-racial 14% Asian 6% Native American 1% Thousands '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 Income Expenses 153 153 155 154 154 150 150 150 150 150 149 EXPENSES Staff 1,244,273 1,329,202 1,431,850 1,402,915 1,611,596 1,687,817 1,761,938 1,743,131 1,748,037 1,831,738 1,787,111 1,902,000 Space 153,262 162,861 159,075 183,239 165,587 159,936 162,233 170,702 167,749 171,954 179,268 190,500 Educ. Mat. 77,484 102,193 95,675 106,104 98,323 119,848 135,732 132,610 114,938 115,940 115,714 160,000 After School 81,503 79,208 103,579 114,369 100,010 122,203 118,982 102,272 68,395 65,935 78,180 57,000 Admin. 62,664 63,334 51,039 49,814 53,044 55,596 54,361 55,837 56,610 60,757 64,220 60,000 Development 89,887 59,842 51,615 51,598 46,172 51,649 53,739 37,567 41,047 30,715 37,465 42,000 TOTAL 1,709,073 1,796,640 1,892,833 1,908,039 2,074,732 2,197,049 2,286,985 2,242,119 2,196,776 2,277,039 2,261,958 2,411,500 SCHOLARSHIP ASSISTANCE 75% receive nearly full scholarship (All Community Prep families are asked to pay a minimum amount towards tuition.) STUDENT BACKGROUNDS Latino 38% African American 27% Students 153 153 155 154 150 150 154 150 150 150 149 152 Staff 12.3 12 8.5 8.5 8.5 9.3 9 9.5 9.5 8.9 10.0 10.4 Faculty 14.8 15.3 15 15.5 15.5 15.5 17 16.2 16.2 15.9 15.2 15.1 TOTAL STAFF 27.1 27.3 23.5 24 24 24.8 26 25.7 25.7 24.8 25.2 25.5 10% pay quarter tuition 5% pay half tuition 10% pay full tuition ($13,200) Caucasian 14% Bi-racial 14% Asian 6% Native American 1% '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 Total Enrollment The financial reports for the years 2002 through 2011 have been reviewed by the accounting firm Aaronson Lavoie Streitfeld Diaz & Co., PC. *estimated
“If you met me today, you wouldn’t know that two of my childhood friends died from drug overdoses, two of my brothers spent years in and out of jail, and that my parents had to support an entire household on $7,000 a year. Had I not gone to Community Prep, my life would certainly have been different. The school taught me that just because my family was poor, I didn’t have to settle for that life.” Joyce Hopkins ’92 Trustees Donors Dear Friends I have been involved with Community Prep for over 25 years and after all these years, it is gratifying to see the impact that a school can have on a community’s children. The above quote from Joyce Hopkins ’92 inspires my commitment to this school and their mission and makes it easy for me to lead its Board. A bit more about Joyce tells us that she has lived, worked, and traveled extensively throughout the US, Europe, South America, Asia-Pacific, and Africa, and is now conversational in five languages. Joyce graduated cum laude from Mount Holyoke College with a BA in International Relations and Statistics and holds her MBA in International Management and Finance from Boston College. Most recently, she is pursuing an MS in Taxation as well as a single-subject mathematics teacher certification. I am inspired by our alums who make headlines like Amber Johnson ’07 who is a 4.0 GPA student at Tufts University and winner of the National Poetry Out Loud competition, a contest that has 325,000 entrants. She performed at President Obama’s National Book Festival and recorded a poetry album with Meryl Streep and James Earl Jones. And our alums give back: to their communities and to the school. Monica Rodriguez ’99, Alumni Coordinator, hosted a panel of five alumni, talking about planning for college: Trinh Truong ’99, Trung Truong ’98, Vanessa Gomez ’05, Genesis Garcia ’07 and Stephanie Preston ’93. Those alums represented the following phenomenal colleges: Brown University, Boston College, Tufts, Duke and MIT. Angell Fine Arts Head’s Council 2011– 2012 Letitia Carter Ellen Collis Murray S. Danforth III Robert A. DiMuccio Andrew Ian Douglass, Chair Peter B. Freeman David H. Haffenreffer William F. Hatfield Artemis A.W. Joukowsky John W. Wall Board of Trustees 2011– 2012 Alden M. Anderson Jr. Kathleen Bartels Peter Burke Nick Cardi III Letitia Carter Mark Carty ’97 Eszter Chase Jeffrey B. Cianciolo Ruth A.B. Clegg Sharon Conard-Wells Dan Corley Richard K. Corley Piers L. Curry Mary “Polly” Daly Sarah Denby Andrew Ian Douglass Julia Russell Eells Warren Galkin Merle Goldstein, Vice Chair J. Malcolm Grear Karen Greene Robert W. Hahn Myrna W. Hall David Hibbitt Barry G. Hittner Tom Hoagland Keith Jacobson Jenny L. Jourdain ’99 A. Max Kohlenberg Nancy T. Lerner Ellen S. Miller Richardson Ogidan, Chair K.J. Payette Thomas E. Pitts Stephanie Ogidan Preston ’93 Paul A. Pyne Martha Roberts Stephen E. Russell Chithy Saing ’89, Secretary R. James Stahl Trinh Truong ’99 Ted Turnbull Kenneth A. Wong Ellicott Wright Endowment Endowment provides for Community Prep’s future. The school’s long-term goal is to have 40% of its annual operating costs covered by the income from endowment. Currently, 25% of those costs are covered. We spend 5% of our endowment fund’s threeyear average. Endowment gifts this year: Amica Mutual Insurance Company Sarah Denby Mary Pat and Michael Denci Joyce and Warren Galkin Merle and Stanley Goldstein Lisa Goldberg Susan and David Hibbitt Michael Kraus Eleanor and David Lewis Fla Lewis Paul Pyne Geoffrey Tootell Mary Welch The following individuals have provided endowment funds that enable us to offer perpetual scholarships in each of the categories below. ENDOWMENT HEADMASTER An Endowment Headmaster has made a donation that endows a minimum of two full scholarships–$528,000 or more (in 2012 dollars). Letitia and John Carter The Collis Foundation CVS /pharmacy Merle and Stanley Goldstein Haffenreffer Family Fund Susan and David Hibbitt Barbara and George* Sage 2 donors wish to remain anonymous ENDOWMENT Sponsor An Endowment Sponsor has made a donation that endows one full scholarship, or $264,000–$527,999 (in 2012 dollars). Amica Mutual Insurance L.G. Balfour Foundation Daphne and Peter* Farago The William Randolph Hearst Foundations Mary Ann Lippitt* Loulie Mauran Groton and D. Hunter* Mauran Pascucci Family Foundation Christine Perry Memorial Scholarship Prince Charitable Trusts Prospect Hill Foundation Fred M. Roddy Foundation William E. Simon Foundation Joan and Paul Sorensen Jane and Arthur Slaven Robert D. Watkins Memorial Scholarship; Helen Buchanan and John C.A. Watkins* ENDOWMENT PARTNER An Endowment Partner has made a donation that endows one-half scholarship, or $132,000–$263,999 (in 2012 dollars). Nancy and Donald Cloud (f) Mimi and Peter Freeman Russell Grinnell Memorial Trust Joukowsky Family Foundation Frances* and A. Edmund* Miele Sachem Foundation The Peter & Elizabeth C. Tower Foundation ENDOWMENT PATRON An Endowment Patron has made a donation that endows one-quarter scholarship, or $66,000–$131,999 (in 2012 dollars). The William Bingham Foundation John C. Cahill Memorial Fund Edith Erlenmeyer* The Felicia Fund Joyce and Warren Galkin Robert W. Hahn Carolyn and Harrison Huntoon Fla Lewis III Martha and Arthur Milot (f) The Providence Journal Foundation Eva and Jim Seed Mary and Clarke* Simonds Lisa and Chris Van Allsburg Mary* and John Wall Richard P. Welch Memorial Scholarship WKBJ Foundation (f) 1 donor wishes to remain anonymous These are just a small sampling of the benefactors of the time, talent and treasure people commit. They are community leaders because of Community Prep. They are life-long learners because of this school. As I enter my final year as Board Chair, it is my hope that their stories continue to inspire you as they do me. We all thank you for your continued support. Richardson D. Ogidan Board Chair Past Parent CP ’90, ’93, ’96 Anita Bench Letitia Carter, Myrna Hall, Howard Hall, and John Carter Joanne Rich As of June 30, 2012 (f) Faculty or program needs *deceased
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Page 3: The Class of 2012 had 26 students g
Page 7 and 8: Gifts in Tribute Gifts in Memory An
Page 9 and 10: ALUM N I PROF I LE Chithy Saing ’
Page 11 and 12: ALUM N I PROF I LE Joy Hopkins ’9
Page 13: GRADUATION Richardson Ogidan, Board

Community Preparatory School | Annual Report 2012

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