CARY ACADEMY NAIS Markers of Success 2008-09 Assessment

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CARY ACADEMY NAIS Markers of Success 2008-09 Assessment

KEY:CARY ACADEMYNAIS Markers of Success2008-09 AssessmentBlue Shading is a StrengthGreen Shading is Acceptable PerformanceYellow Shading needs Addressing1. Market Demand: (number of applications per opening) measures the market’s perception ofthe school's success (a high ratio is proxy for reputational value):NAIS Benchmark Assessment: Strength-between 75th and 90th percentile(2.3 to 3.5)Year Cary Academy NC Peer Schools National Peer Schools2005-06 2.01 2.48 1.662006-07 2.23 2.49 2.092007-08 2.03 2.63 2.102008-09 2.41 2.72 2.382. Low Attrition: (for faculty and students) measures stability of staff and satisfaction of parents(low percent is a proxy for high satisfaction):Student AttritionNAIS Benchmark Assessment: Acceptable-between 50th and 75th percentile (4.4 and 6.4)Year Cary Academy NC Peer Schools National Peer Schools2004-05 7.00 6.00 7.332005-06 6.00 5.17 6.002006-07 6.00 5.67 5.672007-08 6.00 5.00 4.002008-09 6.00 5.17 3.67Faculty AttritionNAIS Benchmark Assessment: Strength-50th percentile is 10%Year Cary Academy NC Peer Schools National Peer Schools2004-05 11.00 Not available Not available2005-06 8.00 Not available Not available2006-07 7.00 Not available Not available2007-08 9.00 Not available Not available2008-09 5.00 Not available Not available3. Generous Giving: measures constituent loyalty (generosity as a proxy for high support andattributed effectiveness):


Parents: ParticipationNAIS Benchmark Assessment: Requires attention-between 25th and 50th percentile (52.6% and 66.2%)Year Cary Academy NC Peer Schools National Peer Schools2005-06 63% 68% 57%2006-07 48% 71% 58%2007-08 61% 66% 48%2008-09 56% 65% 49%Parents: Average GiftNAIS Benchmark Assessment: Requires attention-below 25th percentile ($605)Year Cary Academy NC Peer Schools National Peer Schools2005-06 357 717 6112006-07 358 766 6522007-08 393 978 1,0002008-09 511 1,010 754Alumni: ParticipationNAIS Benchmark Assessment: Acceptable given age of CA alumni-below 25th percentile (5.5%)Year Cary Academy NC Peer Schools National Peer Schools2005-06 0% 17% 11%2006-07 2% 17% 10%2007-08 1% 10% 11%2008-09 1% 17% 9%Alumni:Average GiftNAIS Benchmark Assessment: Acceptable given age of CA alumni-below 25th percentile ($160)Year Cary Academy NC Peer Schools National Peer Schools2005-06 0 195 3092006-07 23 365 2432007-08 26 316 3082008-09 67 257 687Trustees: ParticipationNAIS Benchmark Assessment: Needs attention-below 25th percentile (94.5%)Year Cary Academy NC Peer Schools National Peer Schools2005-06 31% 99% 83%2006-07 31% 100% 87%2007-08 22% 97% 81%2008-09 77% 97% 86%


Trustees:Average GiftNAIS Benchmark Assessment: Acceptable given Board profile and circumstances-falls below25th percentile ($2,351)Year Cary Academy NC Peer Schools National Peer Schools2005-06 488 4,191 3,8642006-07 400 3,537 3,9082007-08 300 4,126 2,2672008-09 635 5,598 3,3314. High Faculty Compensation: measures a school’s capacity to attract, keep, and reward highquality faculty (salaries are a proxy for competitiveness in recruitment):Starting SalaryNAIS Benchmark Assessment: Acceptable-nationally between 50th and 75th percentile($34,000 and $38,645)Year Cary Academy NC Peer Schools National Peer Schools2005-06 32,500 31,969 32,6002006-07 33,000 33,063 32,0672007-08 35,750 34,088 34,3332008-09 37,000 34,900 35,667Median SalaryNAIS Benchmark Assessment: Acceptable-nationally between 50th and 75th percentile($49,500 and $56,205)Year Cary Academy NC Peer Schools National Peer Schools2005-06 48,000 48,086 51,3282006-07 50,000 49,679 54,2582007-08 51,500 52,288 56,5432008-09 52,750 54,606 56,802Top SalaryNAIS Benchmark Assessment: Acceptable given years of experience at top end-nationallybetween 25th and 50th percentile($62,830 and $73,500)Year Cary Academy NC Peer Schools National Peer Schools2005-06 64,750 74,699 80,6692006-07 67,250 78,018 82,9272007-08 70,000 83,343 85,5062008-09 73,000 87,645 89,2505. A stable, sustainable proportion of students receiving financial aid: measures a school’s


commitment to diversity (financial aid is a proxy for socio-economic diversity) balancedby financial prudence.Percent of Student Body Receiving Financial AidNAIS Benchmark Assessment: Acceptable-between 50th and 75th percentile (19.8% and 26.5%)Year Cary Academy NC Peer Schools National Peer Schools2005-06 17.2% 14.4% 19.7%2006-07 16.6% 14.4% 21.7%2007-08 18.3% 15.7% 21.6%2008-09 20.9% 16.7% 22.8%Average Financial Aid Award as a Percentage of TuitionNAIS Benchmark Assessment: Acceptable-between 50th and 75th percentile (57.2% and 66.8%)Year Cary Academy NC Peer Schools National Peer Schools2005-06 64.3% 62.7% 62.4%2006-07 65.0% 64.7% 59.1%2007-08 60.8% 63.0% 58.9%2008-09 58.2% 60.8% 58.0%6. Comparatively high student to faculty and student to total staff ratios: measure workloadproductivity (a proxy for institutional efficiency):Student to Faculty RatioNAIS Benchmark Assessment: Strength-between 75th and 90th percentile (9.8% and 11.3%)Year Cary Academy NC Peer Schools National Peer Schools2005-06 9.45 10.60 10.082006-07 9.74 10.63 9.722007-08 10.51 10.74 9.552008-09 10.11 10.46 9.60Student to Employee RatioNAIS Benchmark Assessment: Acceptable-between 50th and 75th percentile (4.7% and 5.4%)Year Cary Academy NC Peer Schools National Peer Schools2005-06 5.42 5.40 5.922006-07 5.39 5.42 5.842007-08 5.22 5.41 5.572008-09 5.09 5.16 5.487. Significant budget for professional development and technology: measures commitment to

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