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Annual Report 2016 / 2017 PREPARED The Great–Hearted Graduate ANTHEM 17 PEORIA teachers 1,300 serving PHOENIX SCOTTSDALE students across 15,800 51 GLENDALE 28 academies 101 PHOENIX GOODYEAR 17 101 PHOENIX EST. 2010 10 202 AVONDALE TEMPE MESA 60 SAN ANTONIO 10 1604 GILBERT 281 202 10 CHANDLER 410 NORTHWEST 410 NORTHEAST Opening Fall 2018 10 IRVING 35 WEST 635 90 114 37 410 SOUTH 35 161 12 REGIONAL OFFICES Great Hearts Academies Great Hearts Arizona Great Hearts Texas Finance and Operations 3102 North 56th St., Suite 300 824 Broadway St., Suite 101 7205 North Pima Rd., Suite C Phoenix, AZ 85018 San Antonio, TX 78215 Scottsdale, AZ 85250 (602) 438-7045 (210) 888-9485 (602) 386-1881 GreatHeartsAZ.org GreatHeartsTX.org In This Issue Leadership 4 MEET THE CEO Dr. Wade T Dyke GREAT HEARTS ARIZONA A Letter from Wade Dyke President and Chief Executive Officer BOARD OF DIRECTORS Dr. Robert Jackson 5 OUR CORE PURPOSE Chief Academic Officer Bob Mulhern, Board President Co-Founder of Great Hearts and Senior Why We Exist Aaron Kindel Managing Director, Colliers International Superintendent of Texas Academies Bill Montgomery, Vice President 6 HIGH–ACHIEVING STUDENTS Marilyn Papke Maricopa County Attorney By the Numbers Vice President of Business Academic Results Systems Support Lisa Hirsch Handley, Treasurer Senior Vice President and Arizona Dr. Daniel Scoggin Managing Director, Midfirst Private Bank Co-Founder of Great Hearts 10 STRENGTHEN, RENEW, and Chief Advancement Officer Kurt Davis AND ENCOURAGE Founding Partner, Firststrategic High–Impact Teachers Erik Twist Chief Innovation Officer and Derrick Hall Robert Funes Sr. Vice President of Advocacy, AZ President and CEO, Kirsten Willard, Cat Podegracz, Arizona Diamondbacks Robert Wagner and Brian Roper Superintendent of Arizona Academies Jay Heiler Board Chairman and Co-Founder, 16 STUDENT PROFILES Ron Zoromski Great Hearts, Arizona Board of Regents Interim Chief Financial Officer Rebecca Perkes Christine Jones Isaiah Lewis Former Executive Vice President, GREAT HEARTS AMERICA Diego Charles BOARD OF DIRECTORS Go Daddy and Founder, Arizona Research Project Isaac Wen Jay Heiler, Board President Tucker Quayle Board Chairman and Co-Founder of 20 ATHLETICS AND Great Hearts, Arizona Board of Regents Founding Memeber, APG Southwest and Tynwald Capital AFTER-SCHOOL PROGRAMS Kurt Davis, Vice President Beyond the Classroom Founding Partner, Firststragetic Dr. Daniel Scoggin Co-Founder of Great Hearts Dr. Daniel Scoggin, and Chief Advancement Officer 22 CULTIVATING GREAT Secretary & Treasurer Philip Tirone HEARTS FOR LIFE Co-Founder of Great Hearts Ruth Oliver and Chief Advancement Officer Founder and CEO, Elovon Stephen Zabilski Mike Burke 24 GROWING THE MISSION President, MDB Capital Ventures Executive Director, Society of St. Vincent de Paul Where We Started...Where We Are Going Dan Costello Senior Vice President, Business GREAT HEARTS TEXAS 26 THE HEART OF MARYVALE Innovation, Phoenix Suns BOARD OF DIRECTORS A New Campus for Maryvale Prep Derrick Hall Jay Heiler, Board President President and CEO, Board Chairman and Co-Founder, 28 FINANCIAL OVERVIEW Arizona Diamondbacks Great Hearts, Arizona Board of Regents Steven Wheeler Mike Burke 32 GREAT HEARTS Chairman of the Board, President, MDB Capital Ventures LEADERSHIP SOCIETY HonorHealth Shannon Sedgwick Davis CEO, Bridgeway Foundation 34 GET INVOLVED 7 Ways You Can Help Great Vanessa Hurd Former CEO, San Antonio Hearts, Starting Now Children’s Museum Matthew Randazzo 35 LEAVE A LEGACY CEO, National Math Leave a Legacy of Great Hearts and Science Initiative and Great Minds 38 OUR GENEROUS DONORS Our Partners in the Mission MEET THE CEO Families, Colleagues, and Friends, I am pleased to share with you this year’s Great Hearts Annual Report. For the past 15 years, Great Hearts has ofered students an exceptional education. Great Hearts is now the largest “ Great Hearts is now the provider of K–12 classical education campuses in the country, and we aspire to grow much more over the next decade. We don’t largest provider of K–12 seek to grow for growth’s sake. Rather, our growth is inspired by classical education campuses three fundamental principles. in the country...” First, we believe that education should cultivate the minds and hearts of students through the pursuit of truth, goodness, and beauty. We form the character of our students just as much as their intellect. In the classical education model, heart and mind are developed together to form a fourishing human being. So, in this report, you will fnd the exceptional academic results of our students—and they are world–class results—joined by stories about how their deeper nature as great–hearted young men and women shines through. Second, we believe that our teachers are the heart of our schools. The Great Hearts culture does not happen by accident. The amazing teachers who pour their lives and talents into serving students every day are essential to the success of our enterprise. Great Hearts exists and succeeds because incredibly bright, dedicated, and virtuous teachers have moved from towns and cities around the country to answer our call to action, and their personal calling to lead. Third, we believe that classical education should be broadly ade Dyke joined Great Hearts available to students from all zip codes and backgrounds. Was President and CEO in For far too long, classical education has been the exclusive January 2017. At Great Hearts, domain of ivy–covered private schools, with difcult entrance he oversees the Arizona and Texas requirements and lofty tuition bills. As a network of public operations while leading the charter schools, Great Hearts has changed the model and ofers planning for the organization’s next a broadly appealing program, with superior results, open to all phase of growth. A Rhodes Scholar, families, tuition free. he holds a doctorate in politics and a bachelor’s degree in politics and These principles and our success so far animate our mission to economics from Oxford University expand our classical public school ofering in Arizona, Texas, in England. He returns to charter and beyond. And we are also compelled by the thousands of school management as one of the families on our wait list. As we grow, we continue to improve original pioneers in the field. In 1999, the quality of our schools, showing that high growth and high he helped start Chancellor Beacon quality can be married in an organization that stays committed Academies, now Imagine Schools. to its core purpose. We hope you enjoy this annual report, and we are honored to work alongside you in renewing American public education. Wade Dyke, President and CEO 4 GreatHearts | 2016-2017 OUR CORE PURPOSE Why We Exist Great Hearts is passionately committed to cultivating the minds and hearts of students through the pursuit of Truth, Goodness, and Beauty. Truth Great Hearts is devoted to the pursuit of knowledge and wisdom about every aspect of reality, whether it be nature, history, philosophy, morality, or mathematics. Truth is something much greater than mere personal opinion or an individual perspective—it is transcendently true, across times and cultures. Goodness Great Hearts is dedicated to that which is good. Through the material we teach our students and in the manner we live our lives, we pursue what is truly good for both the individual and society. We seek a balanced, classical ideal of the good life, one that is based not on material prosperity alone, but upon moral excellence and the virtues of justice and sacrifice. Beauty Great Hearts ardently loves what is beautiful: the fine and worthy things that uplift us and fill us with wonder. We hold most dear those things that fill us with both emotional and intellectual delight, whether it be in art and music, in poetry and literature, but also in human action, mathematics, and nature itself. Amidst the ordinary, we always make room in our hearts and minds for the finest works of human creativity and for the beauty of our vast universe. With our core purpose as our north star, we operate classical K–12 charter schools that offer students a transformative educational experience. We believe that the highest goal of education is to become good, intellectually and morally. By engaging in a well– rounded program in a vibrant school culture, our students prepare for success in college, leadership in all their endeavors, and, most importantly, a life filled with purpose. Our “great–hearted” graduates are prepared for the 21st century. They have the skills to pursue their chosen calling, and they possess great hearts to deploy their talents for a purpose beyond themselves. Garrison Mueller – Accepted to Lafayette College HIGH–ACHIEVING STUDENTS ACT AVERAGE is 35% higher than the state average The Great Hearts SAT average over the past five years of graduates pursue a 1210 STEM-FOCUSED course of study in college 200+ POINT ADVANTAGE over the national average Our graduating seniors in 2017 were ofered an estimated MILLION $37 million in scholarships The 392 graduates in the The Class of 2017 was accepted to Great Hearts class of 2017 have been admitted to more than 300 colleges and universities, across the United States, Canada, Europe, and Latin America Colleges and Universities (top liberal arts colleges, top public COLLEGES universities, national universities) 333 according to U.S. News and World Report STATES 98% of Great Hearts 77% received 48 graduates immediately scholarships based attend colleges or upon academic COUNTRIES universities, with 2% achievements 4 participating