ANNUAL REPORT 2018 - 2019 Annual Report 1 Dear Marian Supporters, As chair of the Marian Board of Directors, I am happy to present the 2018-2019 financial results. Marian has been educating young women in the Catholic, Servite tradition since 1955. True to its mission, Marian has nurtured leaders who use their talents and faith to give hope to the world. Building on that legacy, Marian now faces an exciting future. Marian’s financial position is strong, thanks in large part to your many generous contributions. Steady enrollment also enhances our financial strength. Advancement efforts are bearing increasing fruit. The board, school leadership and finance team work together to ensure good stewardship of Marian’s resources. As a result, in 2018-2019, Marian was able to provide nearly $1.6 million in tuition assistance, issued to 50% of the student body. Marian attracts and retains outstanding faculty, 90% of whom hold master’s degrees. Our young women are challenged academically and nurtured spiritually, as they develop into leaders inspired by faith. Students participate in more than 60 clubs and activities, from athletics to theater, the Bowling Club to Mock Trial, Campus Ministry to the Young Politicians Club, and more. Although not required, 100 % of our students participate in community service. With all this, they excel academically. Over the last three years, 70% of Marian’s senior class has earned merit-based scholarships, with an average award of $40,000. The values and leadership of the Servants of Mary are foundational throughout Marian. The sisters’ support and presence are true blessings for which we are grateful. Marian’s dedicated administration, faculty, and staff, committed to continuing the Servite mission, are inspiring examples for our young women. They provide a Catholic, caring environment, furthering academic excellence, spiritual development, and health of the whole person. Marian’s new building addition and renovations opened in time for the school year and the campus has never looked more beautiful. From the moment you approach the front entrance, you get a sense of the Marian community. Our core values are at the forefront - engraved on the six pillars that line the plaza. The grounds are beautifully landscaped, the entrance is secure, and the lobby is spacious and welcoming. Throughout the school facility, you are visually reminded that Marian is rooted in the legacy of the Servants of Mary, from the large tribute wall in the lobby to the naming of our chapel. Students are thrilled with the new spaces! On most mornings, there is a line outside the Haddix Academic Center waiting for it to open at 7 a.m. Located in the center of the building, the space is a hub for quiet study, small group work and research projects. The Harper Café is another popular spot. The girls are enjoying the bright, fresh space, the efficient serving lines and the expanded menu options. All of these projects were possible through the generosity of so many Marian supporters. In addition to the capital improvements, we have also bolstered the endowment for the benefit of both faculty and students. The campaign has raised $12 million of which $9.1 million will be allocated to the renovations and $2.9 million will increase Marian’s endowment. Our work continues as we take these steps to position Marian for the future. Marian, with its great history, looks forward to even greater prospects. I am confident that Marian will continue to use its blessings well to educate exceptional young women of talent and faith who will influence our community and the world. Gratefully, Pam Mortenson Board Chair 2 OPERATING STATEMENT for the fiscal year ending May 31, 2019 Operating Support & Revenues Non-Operating Support & Revenues, Expenses, Gains & Losses Tuition & Fees $8,092,866 Marian Fund, MarianFEST, Golf, Walk-A-Thon, Restr Gifts $1,290,073 Tuition Assistance Awarded $(1,592,623) Confident to Be Marian Campaign - Endowment $272,418 Net Tuition & Fees $6,500,243 Spotlight on Our Future Capital Campaign (PAC) $37,600 Auxiliary Activities $102,549 Confident to Be Marian Campaign - Building $1,805,405 Activities (concessions, admissions & misc) $104,795 Investment Income $4,772 Total Operating Revenues $6,707,588 Other Revenue $7,710 Fundraising Expenses $(686,367) Operating Expenses Total Non-Operating Support & Revenues, Expenses, Gains & Losses $2,731,611 Personnel $5,347,546 Net Surplus/Deficit $1,352,523 Auxiliary Activities $119,069 Instructional Support $967,707 Athletics $79,778 Financial Year in Review General & Administrative $1,572,576 Total Operating Expenses $8,086,676 The Marian Fund 2018-2019: $530,866 Net Operating Surplus (Deficit) $(1,379,088) 2019 MarianFEST: $546,835 2018 Walk-A-Thon: $115,182 2018 Lexus Champions for Marian Golf Tournament: $97,190 Annual Report 3 Marian is a Catholic, college preparatory high school for young women founded by the Servants of Mary and dedicated to Mary, the Mother of God. Marian teaches the beliefs of the Roman Catholic faith in a caring and loving community atmosphere. The mission of Marian High School is to commit all its resources to the college preparatory education of young women, teaching them to be leaders and lifelong learners in a society where their talents and faith will give hope to the world. 2018-2019 BOARD 2018-2019 INVESTMENT OF TRUSTEES BOARD OF DIRECTORS COMMITTEE Pat Regan, Chair Kathy Bertolini Sally McGill ‘02 J.J. Schenkelberg, Chair Patrick Flanery Tom Chapman George Morrissey Laura Beal Carroll Militti-Hacker ‘88 Laura Doll Pam Mortenson Carroll Militti-Hacker ‘88 Mary Higgins ‘69 Beth McCarthy Engel ‘93 Dan Mulhall Gail Werner-Robertson Paul Miller Pam Finn Caroline Nelsen ‘10 John Neppl Gary Grote John Neppl J.J. Schenkelberg Sue Haddix Clarence Nichols Gail Werner-Robertson Buck Heim Cass Pietrok Mary Higgins ‘69 Sr. Jackie Ryan, OSM ‘63 Pam Ryberg Kilzer ‘85 James Timmerman Kim Kropp Shelley Wedergren Sr. Kerry Larkin, OSM Sr. Mary Ann Zink, OSM ‘64 4 MARIAN FUND Brad & Shannan Neppl Brommer ‘81 Tom & Sara Sheeren McKeon ‘81 Bill & Kate Lyons Burke ‘73 Steve & Mary Jo Merfeld Brit & Sharon Walsh Carleton ‘90 Tom & Ann Cimpl Merfeld ‘77 When Marian was founded in 1955, the Servants of Mary wanted Marian to be accessible Bob & Ashley Carlisle Rett & Judy Messerschmidt to every girl. Keeping tuition affordable has been central to the school’s mission for more Bernie Cemore ‘69 John & Patricia Dunn Millar ‘70 than 60 years. Today, the Marian Fund subsidizes tuition for all students – those paying full Sam Cohen Jeff & Beth Lauer Moberg ‘80 tuition and those needing financial aid. Tim Crowley & Celann LaGreca ‘75 David & Kathy Fortune Moritz ‘80 Tim & Janet Gilbert Cuddigan ‘70 Dan & Mary Ann Mulhall At Marian every girl benefits from a $2,000 scholarship to offset the actual cost Tom & Marianne Culhane Tom & Dawn O’Brien Mark & Teri D’Agostino Joe & Janine Weaver Palmer ‘79 per student. And, nearly 50 percent of students receive additional support, totaling $1.6 George Doehner Jon Pick & Loree Runyan-Pick million annually. Dan & Jan Dudley Carle & Brenna Egan Pierose ‘00 Greg & Liz Laughlin Easley ‘70 Michael & Kimberly Quinn After tuition, the Marian Fund is the largest fundraiser for the school representing 49 Rick & Bridget Klein Eckerd ‘79 Sean & Angie Anderson Quinn ‘87 percent of donated funds. Gifts to the Marian Fund support the tuition discount, financial Mark & Jennifer Elman Will & Maura Volkmer Rees ‘89 assistance, teacher salaries and benefits, professional development, and program and Anne Foley Kevin & Emma Nagengast Savory ‘05 classroom materials to keep pace with educational advances. Ron & Madalyn Gartlan Jennifer Simmonds Schlatter ‘91 Mike & Gayle Goetz Don & Donna Jo Schlichting CJ & Megan Mulherin Goril ‘02 Mark & Ann Schumacher Paul & Elizabeth Wychulis Grieger ‘99 Servants of Mary Buck & Susan Heim Brian & Susie Ward Shoemaker ‘81 Thomas & Melissa Helm Natalie Simmonds ‘96 George & Susan Haddix Paul & Tina LaFave Becky Begley Hirsch ‘95 Bob & Jane Slezak $10,000 + Mary Higgins ‘69 & Pat Kennison Thomas & Heidi Mausbach Bob & Karin Hogan Jim & Pam Sorrell Dennis & Renee Hogan Mike & Nancy Kirchofer McCarthy ‘69 Karen Cimpl Hotz ‘79 Jack & Cecelia Specht Nancy Huber John & Katie McClellan Chris & Cindy Huerter Mal & Susie Spethman Sullivan ‘80 Anonymous Michael & Kathleen Lighthart George & Jill Morrissey Matt & Jenny Hustedt Tim & Mary Bernard Sullivan ‘78 Rick & Nancee Berger Mark & Julie Sullivan Mowat ‘85 Bryan & Amy Farha Neary ‘91 Eileen Inda Bessie Svehla Jay & Laura Doll Chris & Betsy Murphy Robb & Steph Pantano Kevin Jackson & Pam Finn Chris & Karen Tatten Todd & Janet Hoffman John & Kim Neppl Jim & Karen Sulentic Howard & Barbara Rensch Johnson ‘67 Luke Thomas & Theresa Townley ‘82 Patrick Kerrigan Joe & Kathy O’Connor Denis Walsh William & Piper Johnson James & Ann Timmerman Jim Kineen Don & Kathy Tracy Terry & Mary Sova Zach ‘76 Patty Kenney ‘80 Joe & Karla Townley Pam Mortenson Mark & Vickey Thayer Kleinsmith Mark & Ursula Treinen Michael & Maureen Weston Parks ‘73 Bob & Kim Kropp John & Nicole Davitt Treves ‘88 Gary & Cass Pietrok $2,500 - $4,999 $1,000 - $2,499 Lyn Findley Kummer ‘90 Roman & Vera Uhing Pete Ricketts & Susanne Shore Joe & Barb Lamoureux Brian & Anjna Ramachandran John & Mary Hendrix Schuele ‘82 Bob & Marcia Dwyer Trev & Angie Alberts Kevin & Megan Schiller Lancelotta ‘96 Valenzuela ‘84 Greg & Molly Eckert Steve & Andra Alvine C.L. & Patty Landen George & Cathy Cimpl Van Kula ‘81 $5,000 - $9,999 Max & Beth