In MemoriamWarren Lien, father of Dan’78, Tim ’76,David ’85; grandfather toDaniel ’07, Patrick ’10 & Matt ’12Robert Gonzaga, brother of Mike ’92Ginny & Dick Martin, grandparents ofJason ’00 and Ryan ’03 MartinThe souls of ALL <strong>Carmelite</strong> TeachersMary Lou Crilley- mother of Dan ’79,Kevin ’80 & John ’81Grandfather of Drew Woods ’06Auora Valenzuela Aguila, motherFr. Rogelio Garcia, O. CarmAthony Rakauskas, father of Joseph ’76Guido Gasbarro, grandfather ofAngelo ’11 & Gino ’14William E. McKenna, father of Bill ’66John Fox, father of Greg ’64, Carl ’67 &Brian ’69; grandfather of Dennis ’97Mrs. Abraham, grandmother of MeenaRawate, (Paul ’94)Ivan Paul Marsh, nephew of Fr. IvanCormac Marsh, O. Carm.Bill McKenna, grandfather ofBill MCKenna ’66Mary Gaspich, mother of VirginiaJohnsonDr. Monnig, past principal of AlemanyAurora Kurek grandmother ofCraig Rice ’85Katherine Evans, cousin of JohnRumer ’12Norman Charbonnet, father of Brandon ’97Linda Curran, wife of Joe Curran ’80A Brief story about <strong>Crespi</strong>’s Trek to Financial StabilityBy Frank Loversky, Chairman of <strong>Crespi</strong> <strong>Carmelite</strong> <strong>High</strong> <strong>School</strong> Finance CommitteeIt was a little over a decade ago when <strong>Crespi</strong> was struggling financially.At that time, the <strong>Carmelite</strong> Order decided to get help bysetting up a Board of Directors comprised of both <strong>Carmelite</strong> fathersand lay business people. Soon after, a strategic plan was putinto effect that included governance with a finance committee reportingto the Board.The finance committee set about to establish the financial guidelinesneeded to meet the strategic goals established by the Board.Those guidelines encompassed strong internal financial controlsover expenditures, setting wage and fringe benefit guidelines, andsetting tuition and fees at levels required to manage cash flow ona positive basis. The finance committee also reviews the developmentdepartment budget, an integral contributor to funding<strong>Crespi</strong>’s financial aid and capital expenditure programs.Maintaining and updating sound strategic planning by the Boardof Directors, together with the implementation of solid financialrecommendations and guidelines, has truly been gratifying. Students’achievements have excelled, school curriculum and facilitiesare vastly improved, teacher remuneration is competitive,and <strong>Crespi</strong> is now in fine financial condition.That does not mean we can rest on our laurels. The current economicclimate and change in community demographics is currentlyimpinging on tuition affordability. Our current financialstrategy is to manage <strong>Crespi</strong> on a positive cash flow basis, recognizingtuition affordability and the need to stringently manageexpenses. Our sound financial platforms are geared to insure<strong>Crespi</strong> will continue to provide superior education as the only allboys’Catholic Christian <strong>School</strong> in the community.And as an additional footnote, our financial goals could not havebeen achieved without the generous financial support of Alumni,alumni parents, and foundation grants. Their continued gifts to<strong>Crespi</strong> are vital to strengthening our commitment to developing<strong>Crespi</strong> men.<strong>2010</strong>-11 Total Actual expenses $10,539,136■ Faculty Salaries and Instructional Materials $ 4,677,224.00 44%■ Maintenance $ 457,311.00 4%■ Athletics $ 397,789.00 4%■ Administrative Staff and General Expenses $ 1,654,694.00 16%■ Capital Expenditures $ 124,065.00 1%■ Fixed Costs $ 1,409,547.00 13%■ Scholarship and Financial Aid $ 1,237,564.00 12%■ Development $ 580,942.00 6%<strong>2010</strong>-11 Total Actual Revenue $10,508,487■ Development■ Tuition, Fees and other income$$1,273,607.009,234,880.0012%88%20
<strong>Crespi</strong> Man Fund Donors ~ <strong>2010</strong> - 2011 ~ Alumni DonorsCLASS OF 1963Brown & White Society($1,500 - $2,999)Mr. Richard WernerCelt Society ($1 - $499)Mr. James BarlowMr. Daniel McMannMr. Greg PierceMr. Donald M. SmithMr. James SmithCLASS OF 1964President’s Circle Society($500 - $1,499)Mr. William EdmondsMr. Eric Schuberg, Sr.Celt Society ($1 - $499)Mr. Greg FoxMr. Jeff KantnerMr. Tom WorkCLASS OF 1965Celt Society ($1 - $499)Mr. Charles BlakemanMr. Michael JonckheereMr. Mike KearnsMr. James V. KellyDr. Bruce MonacoMr. Bernard NownesMr. David SaykallyMr. James ShontereCLASS OF 1966Celt Society ($1 - $499)Mr. John K. DowneyMr. Gary FashMr. Jim FranklinMr. & Mrs. Mike GreenMr. John HarriganMr. Steve HilbertMr. Joseph LollMr. Frank MagdlenMr. Robert MagroMr. Allan MichelenaCLASS OF 1967Celt Society ($1 - $499)Mr. Thomas ClementDr. Rick DalessandroMr. Greg DanielsMr. John DavisMr. Rick DempseyMr. Larry JenkinsMr. Eric KlostermanMr. Chuck Kudija, Jr.Mr. Raymond Kurzeka, Jr.Mr. Carl LaPorteMr. Peter MarienMr. Pat McBrideMr. Michael McGloneMr. James ShanahanMr. Stephen R. WemesfelderCLASS OF 1968Brown & White Society($1,500 - $2,999)Mr. Mark EskanderPresident’s Circle Society($500 - $1,499)Mr. Kim NakaeCelt Society ($1 - $499)Mr. J. Timothy FivesDr. John GalbreathMr. Michael Loughran, PH.D.Mr. Douglas MoshyMr. Mike OlsonMr. Noel RossMr. John ThomsonCLASS OF 1969Celt Society ($1 - $499)Mr. David GallMr. Raymond LombardoMr. Bob PolitoCLASS OF 1970President’s Circle Society($500 - $1,499)Mr. Robert WagnerCelt Society ($1 - $499)Mr. Chris BombaMr. Leonard CiufoMr. Daniel GonzalesMr. James McNaughtMr. William NownesMr. Ernie SchroerMr. Philip WayneCLASS OF 1971Brown & White Society($1,500 - $2,999)Mr. Dennis DrewPresident’s Circle Society($500 - $1,499)Mr. Mark BonenfantMr. Daniel CostelloCelt Society ($1 - $499)Mr. Rene BarrantesMr. Dennis CutlerMr. Brendan DooleyMr. George Esseff, Jr.Mr. Walter HickeyMr. Michael KeelerMr. Chris LongMr. Steve McArdleMr. John SpillaneMr. James StruckMr. John F. WhelpleyCLASS OF 1972Celt Society ($1 - $499)Mr. James BeanMr. Steven FordMr. John P. GrazerMr. Thomas HarringtonMr. Thomas HoughMr. Conrad MicaleMr. Joel NakaeMr. Robert Norswing, Jr.Dr. & Mrs. Thomas RezzoMr. John SurdoCLASS OF 1973President’s Circle Society($500 - $1,499)Mr. Paul NakaeCelt Society ($1 - $499)Mr. Ben BowlerMr. Chris DohertyMr. Joseph HarriganMr. Robert HeberMr. Bruce SandzimierMr. David WoodMr. Rick ZepfCLASS OF 1974Brown & White Society($1,500 - $2,999)Mr. David PreimesbergerPresident’s Circle Society($500 - $1,499)Mr. Victor AbbeneMr. Daniel FasaniMr. Jeffrey Otto, C.P.A.Celt Society ($1 - $499)Mr. Chris BaxterMr. Anthony BonenfantMr. Richard GraniereMr. Rohn GrazerMr. Michael D. MaloneyMr. Sean McSherryMr. Bill Moylan, Jr.Mr. Gregory SchubergCLASS OF 1975Celt Society ($1 - $499)Mr. Timothy DiTomasoMr. Geoff GrahamDr. Michael McNicollMr. Thomas PulteDr. Michael TowbinMr. Steve ZabilskiAlumni and current parents Jim and Kelly Simpkinswith son Patrick ’06Dan and Kate Guiney P’12Alumni Parents Tim and JudyPaulson P’98, ’00, ’0721