Statement of Financial Position

The generosity and support of the Sequoyah School community makes possible an education that challenges the mind, nurtures the heart, and celebrates human dignity.

Like most independent schools, Sequoyah depends on charitable giving to sustain the school’s institutional values, in particular a founding commitment to a socioeconomically diverse school community. On average, 30-40 percent of students pay less than the top tuition. As a result, our students benefit from an inclusive school community reflective of our region’s social, economic, ethnic, and cultural backgrounds and identities.

2022-23 2021-22
Assets:
Cash & Equivalents 11,459,566 9,618,614
Accounts Receivable 221,500 6,966,300
Pledges Receivable 115,000 400,000
Prepaid Expenses 56,004 88,707
Investments 1,281,319 185,156
Property and Equipment 10,364,559 9,961,940
Right of Use Assets 5,062,900
Total Assets 28,560,848 27,220,717
Liabilities:
Accounts Payable 343,174 305,425
Accrued Liabilities 715,796 552,452
Term Loans 6,086,552 6,151,907
Deferred Revenue 5,408,070 11,604,139
Right of Use Liabilities 5,256,355
Total Liabilities 17,809,947 18,613,923
Net Assets:
Unrestricted 8,534,035 7,417,722
Temporarily Restricted 800,201 1,117,617
Permanently Restricted 1,416,665 71,455
Total Net Assets 10,750,901 8,606,794
Revenues:
Tuition & Fees 11,594,261 9,995,103
Fundraising 2,706,423 1,837,549
Other 1,108,973 781,756
Total Revenue 15,409,657 12,614,408
Expenses:
Program Services 8,553,620 6,843,292
Supporting Services 4,838,616 4,659,514
Total Expenses 13,392,236 11,502,806
Change in Net Assets 2,144,107 1,596,242

22-23 Revenue

22-23 Expenses

Treasurer’s Report

The creation and growth of an extraordinary K-12 educational program is not possible without the generosity and support of Sequoyah community members, past and current parents, grandparents, alumni, and friends.

Each year, your generous donations to the Annual Campaign, Jogathon, and Community Auction enable Sequoyah to attract and retain an extraordinary group of teachers and specialists who are committed to an innovative curriculum, where individual attention and support is given to each student's social, emotional, and academic progress. This past year, we introduced the School’s first endowment, the Faculty Compensation Endowment, through a very generous donor gift, to further ensure our faculty are properly compensated for years to come.

Like most independent schools, Sequoyah depends on charitable giving to sustain the school's institutional values, in particular a founding commitment to an inclusive and socioeconomically diverse school community. On average, 30-40% of students pay less than the top tuition. As a result, our students benefit from an inclusive school community with a broad spectrum of social, economic, ethnic, and cultural backgrounds.

The Board of Trustees has taken thoughtful and concrete steps to secure the long-term financial sustainability of the school. Looking ahead, we'll continue building on this momentum through strategic financial planning to secure the future of Sequoyah for generations to come.

Taejo Kim
Treasurer, Sequoyah School Board of Trustees
March 2024